UPDATE 3-Lazard looks to brighter 2020 after bruising dealmaking slowdown
January 30, 2020 at 11:18 AM EST
Investment bank Lazard Ltd said on Thursday net profit in 2019 slumped by 44% year on year, as last year's slowdown in corporate dealmaking weighed on earnings, but the company said fourth-quarter activity gave grounds for optimism in 2020.