Investment Banking

PJT Partners’ dealmaking revenue stays steady at $325m

Boutique bank sticks to its full-year outlook, despite Trump tariff impact

Former Morgan Stanley dealmaker Paul Taubman’s boutique has expanded its bench over the last year
Former Morgan Stanley dealmaker Paul Taubman’s boutique has expanded its bench over the last year Photo: Jeenah Moon/Getty Images

PJT Partners’ dealmaking fees held up in the first quarter of 2025, as tariffs from US president Donald Trump are expected to impact investment banking this year.

The boutique investment bank run by former Morgan Stanley dealmaker Paul Taubman, posted revenue of $325m for the first quarter, down 1% on a record period for the bank last year.

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