Lazard Ltd Reports First Quarter 2022 Results
NEW YORK, April 28, 2022 – Lazard Ltd (NYSE: LAZ) today reported operating revenue of $699 million for the quarter ended March 31, 2022.
Net income, as adjusted, was $115 million, or $1.05 per share (diluted) for the quarter. First-quarter 2022 net income on a U.S. GAAP basis was $114 million, or $1.05 per share (diluted).
“Our first quarter results demonstrate strong performance by both of our businesses amid volatile markets, underscoring the strength and diversification of our franchise,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “The firm is well positioned for the year ahead, with continued momentum in M&A and an emerging shift in investor sentiment toward active asset management.”
Lazard, one of the world's preeminent financial advisory and asset management firms, operates in North and South America, Europe, Asia and Australia. Celebrating its 175th year, the firm provides advice on mergers and acquisitions, capital markets and other strategic matters, restructuring and liability management, and asset management services to corporations, partnerships, institutions, governments and individuals. For more information on Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.
Related News & Announcements