Investment bank Lazard jumps after Q3 profit surge
** Investment bank Lazard's LAZ.N shares rise 3.5% to $52.45
** Company reports surge in Q3 profit driven by industry-wide recovery in dealmaking
** After dry spell lasting more than two years due to elevated interest rates and market volatility, corporate clients are now once again looking to pursue large multi-billion dollar deals
** Company's profit jumps to $1.02 per share in the quarter vs 6 cents per share, a year earlier
** In a call with journalists, CEO Peter Orszag remains optimistic about M&A activity after U.S. presidential election
** LAZ's gains mirror trends seen at larger Wall Street rivals, where investment banking units helped all six top U.S. banks exceed analysts' profit expectations
** Including session moves, stock up 51% YTD
Reporting by Manya Saini in Bengaluru
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