Lazard Ltd. (LAZ) Tops Q2 EPS by 26c

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Lazard Ltd Reports Second-quarter and First-half 2020 Results

July 31, 2020 6:49 AM EDT

Ranked top restructuring advisor by volume globally for first half of year

Assets under management increased 11% from first to second quarter

Returned $264 million of capital to shareholders in first half of year

NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $543 million for the quarter ended June 30, 2020. Net income, as adjusted2, was $75 million, or $0.67 per share (diluted) for the quarter. On a U.S. GAAP basis, second-quarter 2020 net income was $73 million, or $0.66 per share... More