(Reuters) – Lazard reported a second-quarter profit on Thursday that fell 76% as the boutique investment bank’s advisory business reeled from a prolonged slump in dealmaking activity.
The company reported an adjusted profit of $23 million, or 24 cents per share, in the three months ended June 30, compared with $96 million, or 92 cents per share, a year earlier.
(Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta)
