Lazard profit beats on record advisory, asset management revenue

Record quarterly and first-half operating revenue for both businesses Record assets under management (AUM) of $226 billion Returned $493 million of capital to shareholders in first half of year Lazard has reported record quarterly operating revenue of $720 million for the quarter ended June 30, 2017. Net income, as adjusted1 and excluding pre-tax charges2, was $130 million, or $0.98 (diluted) per share…