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.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAZ:
- LAZ Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Goldman Sachs Says Avoid These 8 Stocks Ahead of Q2 Earnings
- Lazard price target raised to $52 from $50 at Wells Fargo
- Cautious Outlook on Lazard: Sell Recommendation Amid Potential Volatility and Overvaluation Concerns
- Lazard price target raised to $60 from $55 at Citizens JMP