Lazard reports Q2 and first-half 2017 results

Press releases — New York

July 27, 2017

NEW YORK, July 27, 2017 – Lazard Ltd (NYSE: LAZ) today reported record quarterly operating revenue1 of $720 million for the quarter ended June 30, 2017. Net income, as adjusted1 and excluding pre-tax charges2, was $130 million, or $0.98 (diluted) per share for the quarter. Second quarter 2017 net income on a U.S. GAAP basis was $120 million, or $0.91 per share (diluted).

First-half net income, as adjusted1,2, was $240 million, or $1.81 per share (diluted). On a U.S. GAAP basis, first-half net income was $228 million, or $1.72 per share (diluted).

“Lazard’s record operating revenue underscores the power of our model and the global breadth and depth of our franchise,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “We advised business and government leaders on a wide variety of strategic and financial matters around the world. Asset Management achieved a record level of AUM by providing diverse, sophisticated investment solutions for a global, primarily institutional client base.”

For more information, download the full press release.

About Lazard

Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit


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