Lazard reports 11% year-over-year increase in adjusted net revenue for Q3
LAZ Lazard Inc
$37.30 -0.19%
View chart & analysis → - 1Lazard reported an 11% year-over-year increase in adjusted net revenue for the third quarter.
- 2Lazard recorded total inflows of $54 billion for the first nine months of this year.
- 3Lazard achieved approximately 70% of its assets under management (AUM) that outperformed benchmark returns over one year.
So what's the key point?
Lazard's third-quarter revenue grew by 11 percent compared to last year. Total inflows have reached $54 billion so far this year as the company performs.
Source The Motley Fool +1 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.