Lazard reports Q1 2021 results
Share
NEW YORK, April 30, 2021 – Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $648 million for the quarter ended March 31, 2021. Net income, as adjusted2, was $101 million, or $0.87 per share (diluted) for the quarter
First-quarter 2021 net income on a U.S. GAAP basis was $87 million, or $0.75 per share (diluted).
“We are well positioned for the year ahead with record assets under management and high levels of activity across Financial Advisory in a strengthening macroeconomic environment,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “As the rollout of COVID19 vaccines expands, and fiscal and monetary stimulus take effect, confidence is growing among business leaders and investors globally.”
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 www.lazard.com.
Related News & Announcements