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Investment Banking

Lazard Exclusive: Stronger Than Expected Q4 Profits Explained

In an impressive financial disclosure, Lazard reported on February 1st, 2024, that their fourth-quarter profits reached $63.6 million.

Lazard: Triumphing in Q4 2023 Despite Yearly Challenges. PHOTO: JASON SZENES/EUROPEAN PRESSPHOTO AGENCY
Lazard: Triumphing in Q4 2023 Despite Yearly Challenges. PHOTO: JASON SZENES/EUROPEAN PRESSPHOTO AGENCY

The investment firm’s earnings per share stood at 65 cents, and after adjustments for one-time expenses, climbed to 66 cents per share.

These figures notably exceeded the general market expectations. The revenue for the quarter

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