Lazard profit plunges on elevated tax rate, financial advisory volatility

Investment bank Lazard reported a 91% plunge in second-quarter profit on Thursday, hurt by a higher tax rate and a drop ​in revenue in its financial advisory business.

Jul 23, 2026 - 17:00
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Lazard profit plunges on elevated tax rate, financial advisory volatility
Investment bank Lazard reported a 91% plunge in second-quarter profit on Thursday, hurt by a higher tax rate and a drop ​in revenue in its financial advisory business.

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