Lazard Ltd. (LAZ) Tops Q4 EPS by 69c, Revenues Beat
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Lazard Ltd Reports Full-Year and Fourth-Quarter 2020 Results
February 5, 2021 6:49 AM ESTRecord quarterly operating revenue of $849 million
Record Financial Advisory quarterly operating revenue of $509 million
Record year-end assets under management of $259 billion
NEW YORK--(BUSINESS WIRE)-- Lazard Ltd (NYSE: LAZ) today reported annual operating revenue1 of $2,524 million for the year ended December 31, 2020. Net income, as adjusted2, was $410 million, or $3.60 per share (diluted) for the year. On a U.S. GAAP basis, net income for the year was $402 million, or $3.54 per share (diluted).
For the fourth quarter of... More
