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Lazard reports Q2 adjusted EPS 52c, consensus 40c

Reports Q2 adjusted revenue $770M, consensus $706.54M. Average AUM was $239B for Q2, 3% lower than Q2 2024, and 3% higher than Q1 2025. “Lazard (LAZ) reported another quarter of strong performance across the firm,” said Peter Orszag, CEO. “Our Financial Advisory business delivered record revenue for Q2 and first half of the year. Asset Management achieved positive net flows in the quarter and record gross inflows for the first half of the year, demonstrating progress towards our goal for this year to serve as an inflection point for the business. Firm-wide, high levels of client engagement continue.”

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