Lazard Q2 Earnings Call Highlights
Lazard (NYSE:LAZ) reported second-quarter adjusted net revenue of $786 million and first-half adjusted net revenue of $1.5 billion, while executives said the firm is seeing signs that its multi-year Lazard 2030 strategy is beginning to show through in client activity, asset flows and advisory pipeli
Quick take
Read original at Yahoo Finance Lazard reported $786 million in Q2 adjusted net revenue, with Financial Advisory and Asset Management showing strong momentum. Chairman and CEO Peter Orszag cited progress in the firm's Lazard 2030 strategy, with Asset Management reaching $285 billion in AUM. Expenses and compensation remain a near-term challenge, with a 69.9% compensation ratio.
Summarised by netranta from Yahoo Finance. Open the original for the full story.
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