Stock Track | Lazard Surges Over 10% in Pre-Market on Stellar Q4 Earnings, Advisory Business Growth

Stock Track

Jan 30, 2025

Shares of Lazard (LAZ) soared over 10% in pre-market trading on Thursday, following the company's impressive fourth-quarter earnings report that topped analysts' expectations. The investment bank's strong quarterly performance was fueled by a resurgence in dealmaking activity, which boosted its key advisory business.

Lazard reported adjusted earnings per share of $0.78 for the quarter ended December 31, 2024, handily beating the consensus estimate of $0.51. The firm's revenue surged to $817 million, surpassing analysts' projections of $766.6 million.

The financial advisory segment was the driving force behind Lazard's exceptional results. Adjusted financial advisory revenue rose 6% year-over-year to $508 million, reflecting a broad recovery in mergers and acquisitions activity. CEO Peter Orszag expressed optimism about the ongoing M&A cycle, citing tailwinds from easing borrowing costs and a potentially more favorable regulatory environment under the Trump administration.

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The investment bank's strong quarterly performance was fueled by a resurgence in dealmaking activity, which boosted its key advisory business.</p>\n\n<p>Lazard reported adjusted earnings per share of $0.78 for the quarter ended December 31, 2024, handily beating the consensus estimate of $0.51. The firm's revenue surged to $817 million, surpassing analysts' projections of $766.6 million.</p>\n\n<p>The financial advisory segment was the driving force behind Lazard's exceptional results. Adjusted financial advisory revenue rose 6% year-over-year to $508 million, reflecting a broad recovery in mergers and acquisitions activity. CEO Peter Orszag expressed optimism about the ongoing M&A cycle, citing tailwinds from easing borrowing costs and a potentially more favorable regulatory environment under the Trump administration.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LAZ","symbol_name":"Lazard Class A","start_time":0,"source_url":"","article_id":"1158086992","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158086992","pubTimestamp":1738247446,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Lazard  soared over 10% in pre-market trading on Thursday, following the company's impressive fourth-quarter earnings report that topped analysts' expectations. The investment bank's strong quarterly performance was fueled by a resurgence in dealmaking activity, which boosted its key advisory business.Lazard reported adjusted earnings per share of $0.78 for the quarter ended December 31, 2024, handily beating the consensus estimate of $0.51. The firm's revenue surged to $817 million, s","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LAZ":"Lazard Class A"},"translate_title":"股票追踪Lazard因第四季度盈利出色和咨询业务增长而盘前飙升超过10%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LAZ":1},"content_text":"Shares of Lazard (LAZ) soared over 10% in pre-market trading on Thursday, following the company's impressive fourth-quarter earnings report that topped analysts' expectations. The investment bank's strong quarterly performance was fueled by a resurgence in dealmaking activity, which boosted its key advisory business.\nLazard reported adjusted earnings per share of $0.78 for the quarter ended December 31, 2024, handily beating the consensus estimate of $0.51. The firm's revenue surged to $817 million, surpassing analysts' projections of $766.6 million.\nThe financial advisory segment was the driving force behind Lazard's exceptional results. Adjusted financial advisory revenue rose 6% year-over-year to $508 million, reflecting a broad recovery in mergers and acquisitions activity. 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