Lazard Non-GAAP EPS of $0.66 beats by $0.30, revenue of $806.02M beats by $130.25M

Common belongings beneath administration (AUM) for the fourth quarter of 2023 was $234 billion, 11% increased than the fourth quarter of 2022, and 1% decrease than the third quarter of 2023. Common belongings beneath administration for full-year 2023 was $233 billion, 2% increased than 2022.

AUM as of December 31, 2023, was $247 billion, 14% increased than December 31, 2022, and eight% increased than September 30, 2023. The sequential change from September 30, 2023 was pushed by market and international alternate appreciation of $16.9 billion and $5.0 billion, respectively, offset by internet outflows of $3.6 billion.