Lazard Ltd (LAZ) Stock

LAZ's results for the fourth quarter of 2024 show improvements due to higher revenues, as well as an increase in loans and deposit amounts.

Lazard, Inc. announced that they have $10 billion in mandates that have been won but not yet funded, indicating they can expect good commissions in the next year. The company is actively hiring Managing Directors to prepare for a busier 2025. Although asset management experienced some outflows, these were mainly from low-fee accounts, which will lessen the expected impact on revenue for the upcoming year.

Lazard, Inc. (NYSE:LAZ) will hold its Q4 2024 Earnings Conference Call on January 30, 2025, at 8:00 AM ET. The call will feature key company participants, including Alexandra Deignan, Peter Orszag, Mary Ann Betsch, and Evan Russo. Various analysts from firms like Citizens JMP, UBS, and Goldman Sachs will also be joining the discussion.

While the revenue and earnings per share (EPS) for Lazard (LAZ) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

Lazard (LAZ) reported quarterly earnings of $0.78 per share, which is higher than the Zacks Consensus Estimate of $0.51 per share. This is an increase compared to earnings of $0.66 per share from the same period last year.

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its net revenue for the quarter ending December 31, 2024, was $817 million, with adjusted net revenue at $812 million. For the entire year of 2024, the company reported net revenue of $3,052 million and adjusted net revenue of $2,890 million. Lazard's net income for the fourth quarter of 2024 was $86 million, or $0.80 per diluted share, while for the full year, it was $280 million, or $2.68 per diluted share.

Peter Orszag, the CEO of Lazard, appears on 'Squawk on the Street' to talk about the company's recent earnings, the upcoming opportunities in capital markets, and other topics.

Lazard, Inc. (NYSE: LAZ) will release its financial results for the fourth quarter and full year of 2024 in a press release on Thursday morning, January 30, 2025. This press release will be found in the News & Announcements section of Lazard's website at www.lazard.com. Additionally, Lazard will hold a conference call at 8:00 a.m. ET on the same day to discuss these financial results.

Lazard, Inc. (NYSE: LAZ) has announced that Stephen Finkel has joined the company as a Managing Director and Global Head of Sports Advisory in New York. The firm also welcomed Manoel Carvalho as a Managing Director and Bryan Tannenbaum as a Vice President in the Media, Entertainment & Sports advisory group. These new hires reflect Lazard's effective global recruitment as it pursues its long-term growth strategy.