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Sep 30, 2024
Lazard Q3 2024 Earnings Report
Lazard reported mixed results with revenue increase offset by higher expenses.
Key Takeaways
Lazard's Q3 2024 results showed a net revenue of $785 million and an adjusted net revenue of $646 million. Net income was $108 million, or $1.02 per share, while adjusted net income was $40 million, or $0.38 per share. Asset Management AUM increased 8% year-over-year.
Net revenue reached $785 million, adjusted net revenue was $646 million.
Net income was $108 million, or $1.02 per share, diluted.
Adjusted net income was $40 million, or $0.38 per share, diluted.
Asset Management AUM increased 8% from last year.
Revenue by Segment
Forward Guidance
Lazard aims to deliver an adjusted compensation ratio over the cycle in the mid- to high-50s percentage range, while targeting a consistent deferral policy. The goal remains to deliver an adjusted non-compensation ratio between 16% to 20% over the cycle.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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