Lazard's third-quarter profit rises on resurgence in dealmaking

Core Insights - Lazard's profit increased in the third quarter, reflecting a rise in dealmaking activity, which aligns with trends observed among larger Wall Street competitors [1] Company Performance - The uptick in Lazard's profit is attributed to heightened dealmaking activity, indicating a positive market environment for investment banking [1] Industry Trends - The increase in Lazard's profit mirrors similar gains reported by larger Wall Street firms, suggesting a broader recovery or growth in the investment banking sector [1]