News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

PJT Partners posts 37% profit increase amid deal boom

The deal boom offset a sharp drop off in revenue within its restructuring unit

Profit at boutique investment bank PJT Partners surged by 37% amid record deal activity.

The bank, started by former Morgan Stanley dealmaker Paul Taubman, posted net profit of $43.8m in the first quarter of 2021, with revenues up by 3% to $206.7m.

WSJ Logo