More Investment Bankers Killing It. For Now.

Until Artificial Intelligence Replaces Them, That Is

We previously reported on how some of our favorite restructuring bankers were faring after the recent deluge of earnings reports.Lazard Ltd. ($LAZ) reported $53mm in revenue for Q3 '17, a 3% YOY increase. For the first nine months of '17, operating revenue was $229mm, a 38% YOY increase. The company does some bragging here (page 11). Still, some are of the few that thousands of i-banking jobs will fall to artificial intelligence by 2025.