World’s best bank for advisory 2019: Lazard

No one hires Lazard for its balance sheet, but big clients benefit from its intellectual capital.

Awards for Excellence 2019

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© 2019 Euromoney

View full 2019 results

When Lazard reported first-quarter 2019 results, a trawl through public disclosures of other investment banks ranked the firm fifth by overall advisory revenues for the last 12 months, behind the large universal banks led by Goldman Sachs, JPMorgan, Morgan Stanley and Citi. 

JPMorgan had a balance sheet of $2.623 trillion at the end of 2018. Goldman Sachs had a balance sheet of $932 billion. Lazard’s was just $5 billion.

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