secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001628280-24-032890
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024032890/0001628280-24-032890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024032890/laz-20240725.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032890

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer