(Reuters) - As a result, Lazard stock has been marked down just as revenue from announced deals is expected to jump.
Wall Street is on pace to enjoy its busiest year ever in mergers and acquisitions, with announced M&A worldwide up 51 percent to a record $2.8 trillion during the first half, according to Dealogic. That should be good news for Lazard, which earns most of its money by advising on takeovers.
Read more at Reuters.com Hot Stocks News
Wall Street is on pace to enjoy its busiest year ever in mergers and acquisitions, with announced M&A worldwide up 51 percent to a record $2.8 trillion during the first half, according to Dealogic. That should be good news for Lazard, which earns most of its money by advising on takeovers.
Read more at Reuters.com Hot Stocks News
No comments:
Post a Comment