However, Lazard's financial advisory business reported higher revenue thanks to a sharp rise in restructuring activity, as well as an increase in fees from mergers and acquisitions and strategic advice. "Unlike its independent advisory firm peers, Lazard grew advisory revenues both on a sequential and year over year basis, and its asset management business held up quite a bit better as well," said David Trone, an analyst with JMP Securities. 
Share:  However, <span class="company">Lazard</span>'s financial advisory business reported higher revenue thanks to a sharp rise in restructuring activity, as well as an increase in fees from mergers and acquisitions and strategic advice.<span class="sent"> "Unlike its independent advisory firm peers, <span class="company">Lazard</span> grew advisory revenues both on a sequential and year over year basis, and its asset management business held up quite a bit better as well," said <span class="analyst">David Trone</span>, an analyst with JMP Securities.</span>...However, <span class="company">Lazard</span>'s financial advisory business reported higher revenue thanks to a sharp rise in restructuring activity, as well as an increase in fees from mergers and acquisitions and strategic advice.<span class="sent"> "Unlike its independent advisory firm peers, <span class="company">Lazard</span> grew advisory revenues both on a sequential and year over year basis, and its asset management business held up quite a bit better as well," said <span class="analyst">David Trone</span>, an analyst with JMP Securities.</span> Tweet this   read full story

Symbol Lookup.. ( Updates with comment from Pandit on analysts' call and earnings starting in fifth paragraph.) April 16 ( Bloomberg). Citigroup Inc., the third biggest U. S bank, rose 1.8 percent in New York trading after reporting fixed income trading revenue that more than doubled from the fourth quarter. Citigroup gained 61 cents to $34.02, after rising 27 percent this year before today. Fixed income trading revenue jumped to $4.74 billion from $1.72 billion in the last three months of 2011 and $3.98 billion a year earlier, the New York based company said today in a statement. David Trone, an analyst in New York with JMP Securities LLC, predicted fixed income revenue of $2.78 billion. 
Share:  Symbol Lookup.. ( Updates with comment from Pandit on analysts' call and earnings starting in fifth paragraph.) April 16 ( Bloomberg). <span class="company">Citigroup</span> Inc., the third biggest U. S bank, rose 1.8 percent in New York trading after reporting fixed income trading revenue that more than doubled from the fourth quarter. <span class="company">Citigroup</span> gained 61 cents to $34.02, after rising 27 percent this year before today.<span class="sent"> Fixed income trading revenue jumped to $4.74 billion from $1.72 billion in the last three months of 2011 and $3.98 billion a year earlier, the New York based company said today in a statement. <span class="analyst">David Trone</span>, an analyst in New York with JMP Securities LLC, predicted fixed income revenue of $2.78 billion.</span>...Symbol Lookup.. ( Updates with comment from Pandit on analysts' call and earnings starting in fifth paragraph.) April 16 ( Bloomberg). <span class="company">Citigroup</span> Inc., the third biggest U. S bank, rose 1.8 percent in New York trading after reporting fixed income trading revenue that more than doubled from the fourth quarter. <span class="company">Citigroup</span> gained 61 cents to $34.02, after rising 27 percent this year before today.<span class="sent"> Fixed income trading revenue jumped to $4.74 billion from $1.72 billion in the last three months of 2011 and $3.98 billion a year earlier, the New York based company said today in a statement. <span class="analyst">David Trone</span>, an analyst in New York with JMP Securities LLC, predicted fixed income revenue of $2.78 billion.</span>...<span class="company">Citigroup</span> gained 61 cents to $34.02, after rising 27 percent this year before today. Fixed income trading revenue jumped to $4.74 billion from $1.72 billion in the last three months of 2011 and $3.98 billion a year earlier, the New York based company said today in a statement.<span class="sent"> <span class="analyst">David Trone</span>, an analyst in New York with JMP Securities LLC, predicted fixed income revenue of $2.78 billion. Wall Street firms' trading businesses benefited in the first quarter as U. S unemployment fell and Europe's debt crisis eased.</span> Tweet this   read full story