Lazard (LAZ)

Lazard delivered a record advisory revenue of $422 million in Q3 2024, a 35% surge from the prior quarter, cementing its status as the top-tier specialist. The firm's restructuring practice generated $112 million in revenue during the same period, a 50% increase year-over-year, outperforming the industry average growth rate of 12%. With a return on equity of 18%, Lazard proves that size does not equate to impact.