Table of Contents
Lazard Reports Strong Q4 Performance Amid Improved Market Conditions
Revenue Growth in Financial Advisory
Lazard reported a 6% increase in financial advisory revenue for the fourth quarter of 2024, reaching $508 million compared to the previous year. The growth highlights the bank’s success in navigating a favorable market environment.
Net Income Surges on Strong Performance
The company posted a net income of $85 million, or 78 cents per share, on an adjusted basis for the quarter ending December 31. This marks an improvement from the $65 million, or 66 cents per share, reported in the same period the previous year.
Favorable Market Conditions Drive Performance
The positive results reflect improved market sentiment, driven by recent interest-rate cuts by the Federal Reserve and expectations of a more favorable regulatory environment for deals. These factors have contributed to a rebound in mergers and acquisitions activity, alongside renewed interest in equity and debt markets.
Banking Landscape Strengthened by Economic Shifts
The resurgence in M&A and capital markets activity has been a key factor in boosting the performance of Wall Street’s leading banks, with Lazard mirroring this trend. The favorable economic conditions have positioned Lazard well for continued success.
“Lazard Reports Strong Q4 Performance Amid Improved Market Conditions”