Lazard reports Q2 adjusted EPS 52c, consensus 35c

Reports Q2 revenue $685M, consensus $638.74M. AUM were $245B for Q2, 4% higher than 2Q23, and 1% lower than 1Q, respectively. “Lazard’s record revenue in Financial Advisory for the first-half of 2024 demonstrates the ongoing, successful execution of our long-term growth strategy,” said CEO Peter Orszag. “Our Asset Management business continues to produce solid results as we effectively serve clients while evolving to meet their investment priorities. Overall, our performance reflects an unwavering focus on delivering excellence in advisory and investment solutions for our clients, our renewed ambition for growth, and our increasingly commercial and collegial culture.”