Lazard Q2 adjusted EPS $0.52 vs $0.24 YoY; Financial Advisory record first-half revenue

Lazard, Inc.

2024-Q2 EPS reported $0.84 revenue$1,493,472,000

Q2 net revenue $685M (+7% YoY); GAAP net income $50M ($0.49 EPS) vs loss of $124M a year ago.
Financial Advisory Q2 adjusted net revenue $408M (+19% YoY); first-half record $855M (+38%).
Asset Management AUM $245B at quarter end; Q2 net outflows $6.6B partly offset by market gains.
Board authorized new $200M share repurchase through Dec 2026; total authorization ~$360M.
Quarterly dividend declared $0.50/share, payable Aug 16 to holders of record Aug 5.

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