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.
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.