Lazard

Lazard Ltd. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.

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Lazard reports revenue decline in Q4 2022, eyes market recovery

Lazard faced revenue declines in Q4 2022 but remains optimistic about a better second half of 2023.
Strategic investments, fee rate increases, and diversification efforts position Lazard for market recovery and growth.
Challenges include comp ratio issues, non-comp inflation, and varying activity levels in non-M&A businesses.
Opportunities lie in increased M&A activity, market environment dynamics, and talent acquisition for asset management.

Lazard reports Q1 revenue decline but eyes growth opportunities

Lazard faced revenue decline but saw growth in Asset Management amidst workforce reduction plans. The company is strategically focusing on cost-saving initiatives and restructuring to drive future profitability.
Challenges persist in predicting market recovery and dealing with expensive risk capital. However, opportunities exist in asset management outperformance and strategic M&A activities in key sectors.
Lazard's performance compared to peers shows potential for a turnaround in the restructuring business. The company's acquisitions and wealth management expansion aim to capitalize on evolving financial trends.

Lazard reports Q2 revenue decline but sees growth in AUM

Lazard faced revenue challenges in Q2 2023, with a decline in total operating revenue, but showed strength in Asset Management and sequential growth in Financial Advisory.
The company returned capital to shareholders, highlighted AUM growth, and discussed strategic initiatives like the Capital Solutions Group.
Opportunities lie in the stabilization of the M&A market, potential revenue growth in Asset Management, and strategic planning for future success.

Lazard plans revenue growth and structure change for future success

Lazard's Q3 2023 saw revenue decline, but the company is optimistic about a rebound in 2024.
CEO's vision includes doubling revenue by 2030 and converting to a U.S. corporation in 2024.
Focus on strategic investments, growth in Asset Management, and geopolitical advisory services for growth.
Efforts to manage headcount, expenses, and talent acquisition are key priorities for future success.

Lazard reports robust Q4 earnings, eyes growth in M&A and private markets

Lazard's strong financial performance in Q4 2023 underscores its strategic focus on M&A, restructuring, and asset management growth. Despite market headwinds, the company remains optimistic about future prospects, emphasizing disciplined capital allocation and expansion into private markets.

Lazard reports strong Q2 earnings, eyes global expansion opportunities

Lazard's Q2 2024 performance reflects robust revenue growth, successful deal-making, and a focus on cost efficiency and shareholder returns.
The company's strengths lie in its financial advisory records, improving economic conditions, and strategic momentum in asset management.
Challenges include managing operational costs, optimizing asset management performance, and balancing growth investments with shareholder returns.
Opportunities for Lazard include expanding market activities, introducing new products, and leveraging synergies for sustained growth and market share gains.

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Lazard, Inc. is a financial advisory and asset management firm, which engages in the provision of crafting solutions to the clients, including corporations, governments, institutions, partnerships, and individuals. It operates through the Financial Advisory and Asset Management segments. The Financial Advisory segment offers corporate, partnership, institutional, government, sovereign, and individual clients, an array of financial advisory services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides global investment solutions and investment management services. The company was founded by Alexandre Lazard, Lazare Lazard, and Simon Lazard in 1848 and is headquartered in New York, NY.

Lazard (LAZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Lazard (LAZ) Q3 Earnings Expected to Decline

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LONDON--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) announced today that Makinson Cowell will join Lazard, effective 1 December 2020. Founded in 1989 and led by Bob Cowell and Howard Coates, Makinson Cowell is a long-standing, independent and trusted advisor to many leading FTSE100 and 250 companies on capital markets and investor relations matters. Makinson Cowell will work as a separate team continuing to provide clients with an enhanced understanding of equity investors' perspectives in order to

Makinson Cowell to Join Lazard

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) has released its annual in-depth studies comparing the costs of energy from various generation technologies and the costs of energy storage technologies for different applications. Lazard's latest annual Levelized Cost of Energy Analysis (LCOE 14.0) shows that as the cost of renewable energy continues to decline, certain technologies (e.g., onshore wind and utility-scale solar), which became cost-competitive with conventional generation several

Lazard Releases Annual Levelized Cost of Energy and Levelized Cost of Storage Analyses

Lazard (LAZ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Lazard (LAZ)

NEW YORK--(BUSINESS WIRE)--Lazard Asset Management LLC (“LAM”) today announced the expansion of its alternative investment platform, with the addition of a New York-based team and their long/short credit strategy. Sal Naro, Vincent Mistretta, Michael Cannon and Sanjay Aiyar have joined LAM from Coherence Capital Partners, forming the Lazard Coherence investment team. “Sal and his team bring a wealth of investment experience and a unique approach to investing in credit markets. The addition of t

Lazard Asset Management Expands Alternative Investment Platform

Lazard Ltd (LAZ) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Lazard Ltd (LAZ): Will It Gain?

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2020 results in a press release to be issued Thursday morning, October 29, 2020. The press release will be available on Lazard’s website at: www.lazard.com. Lazard will host a conference call at 8:00 a.m. EDT on October 29, 2020, to discuss the company’s financial results for the third quarter and first nine months of 2020. The conference call can be accessed via a live audio webcast available throu

Lazard to Announce Third-Quarter and Nine-Month 2020 Results

Lazard's (LAZ) preliminary AUM of $227.8 billion for September reflects a decrease of 1.9% from the prior month.

Lazard's (LAZ) September AUM Declines on Market Losses

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of September 30, 2020 totaled approximately $227.8 billion. The month’s AUM included market depreciation of $3.2 billion, foreign exchange depreciation of $2.0 billion and net inflows of $0.7 billion. Preliminary average assets under management for the quarter ended September 30, 2020 were $226.0 billion. LAZARD LTD ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)

Lazard Reports September 2020 Assets Under Management

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Lazard Ltd (LAZ) Right Now?

Lazard's (LAZ) preliminary AUM of $232.3 billion for August reflects an increase of 4.4% from the prior month.

Lazard's (LAZ) August AUM Improves on Favorable Market Gains

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of August 31, 2020 totaled approximately $232.3 billion. The month’s AUM included market appreciation of $8.2 billion, net inflows of $0.5 billion and foreign exchange appreciation of $1.1 billion.

Lazard Reports August 2020 Assets Under Management

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Industry inflows on solid equity markets and weakening U.S. dollar, aiding the global diversified asset mix and rise in fixed-income returns are driving factors for the investment management industry.

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Should Value Investors Buy Lazard Ltd (LAZ) Stock?

Lazard Ltd (LAZ) reported earnings 30 days ago. What's next for the stock?

Why Is Lazard Ltd (LAZ) Up 14.9% Since Last Earnings Report?

Lazard's (LAZ) preliminary AUM of $222.5 billion for July indicates an increase of 3.6% from the prior month.

Lazard's (LAZ) July AUM Improves on Favorable Market Gains

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of July 31, 2020 totaled approximately $222.5 billion. The month’s AUM included market appreciation of $4.5 billion, net outflows of $1.4 billion and foreign exchange appreciation of $4.7 billion.

Lazard Reports July 2020 Assets Under Management

Lazard's (LAZ) Q2 results reflect dismal revenues and lower AUM, partly muted by a fall in expenses.

Lazard (LAZ) Stock Gains 5.9% on Q2 Earnings Beat, Costs Down

Lazard: Restructuring And Sovereign Debt Advisory Can Keep The Party Going

Lazard Ltd (LAZ) CEO Kenneth Jacobs on Q2 2020 Results - Earnings Call Transcript

Lazard Ltd (LAZ) delivered earnings and revenue surprises of 86.11% and 7.96%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Lazard Ltd (LAZ) Q2 Earnings and Revenues Beat Estimates

Investment bank Lazard Ltd on Friday reported an 8% fall in second-quarter adjusted earnings per share, a smaller drop than analysts had expected, as the slowdown in corporate dealmaking due to the COVID-19 pandemic weighed.

Lazard second-quarter earnings fall amid COVID-19 slump in dealmaking

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today reported operating revenue1 of $543 million for the quarter ended June 30, 2020. Net income, as adjusted2, was $75 million, or $0.67 per share (diluted) for the quarter.

Lazard Ltd Reports Second-quarter and First-half 2020 Results

On Friday, July 31, Lazard (NYSE: LAZ) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

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