Lazard Ltd Reports First Quarter 2022 Results
NEW YORK, April 28, 2022 – Lazard Ltd (NYSE: LAZ) today reported operating revenue of $699 million for the quarter ended March 31, 2022.
Net income, as adjusted, was $115 million, or $1.05 per share (diluted) for the quarter. First-quarter 2022 net income on a U.S. GAAP basis was $114 million, or $1.05 per share (diluted).
“Our first quarter results demonstrate strong performance by both of our businesses amid volatile markets, underscoring the strength and diversification of our franchise,” said Kenneth M. Jacobs, Chairman and Chief Executive Officer of Lazard. “The firm is well positioned for the year ahead, with continued momentum in M&A and an emerging shift in investor sentiment toward active asset management.”
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