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.

Earnings data Q1 2021

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Earnings data Q1 2024

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Earnings data Q4 2024

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.

NEW YORK--(BUSINESS WIRE)--Add at end of first paragraph of release: August 10, 2020. The corrected release reads: LAZARD DECLARES QUARTERLY DIVIDEND OF $0.47 PER SHARE Lazard Ltd (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock.

ADDING and REPLACING Lazard Declares Quarterly Dividend of $0.47 Per Share

Lazard Ltd (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 Ltd (LAZ) Q2 Earnings Expected to Decline

Lazard: Left Behind On Restructuring Hype And Expected Investment Bank Weakness

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) announced today that David O. Higley will join Lazard’s Financial Advisory business as a Managing Director in Interactive Entertainment and Digital Media Investment Banking, effective immediately.

David O. Higley to Join Lazard as a Managing Director, Interactive Entertainment and Digital Media Investment Banking

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today released its third annual in-depth study of strategic challenges and opportunities in the global healthcare industry, surveying C-level executives and investors across three global sectors: Pharmaceuticals and Biotech; MedTech; and Healthcare Services. This year’s study focuses on the industry leaders’ response to the COVID-19 pandemic, including their greatest concerns, challenges, and expectations.

Lazard Releases 2020 Global Healthcare Leaders Study

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) will announce its second-quarter and first-half 2020 results in a press release to be issued Friday morning, July 31, 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 July 31, 2020, to discuss the company’s financial results for the second quarter and first half of 2020. The conference call can be accessed via a live audio webcast available through Lazard’s I

Lazard to Announce Second-Quarter and First-Half 2020 Results

NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of June 30, 2020 totaled approximately $214.7 billion. The month’s AUM included market appreciation of $4.2 billion, net outflows of $1.2 billion and foreign exchange appreciation of $0.9 billion. Preliminary average assets under management for the quarter ended June 30, 2020 were $208.5 billion.   LAZARD LTD ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)       A

Lazard Reports June 2020 Assets Under Management

Aside from COVID-19 and the painful recession, the one thematic draw keeping the attention of investors is the so-called ESG theme.

Will a Deeper ESG Focus Drive More Assets for Lazard?

Lazard's (LAZ) preliminary AUM of $210.9 billion for May 2020 indicates an increase of 3.1% from the prior month.

Lazard (LAZ) Reports Sequential Increase of 3% in May AUM

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

Why Is Lazard Ltd (LAZ) Down 2.3% Since Last Earnings Report?

Lazard's (LAZ) preliminary AUM of $204.6 billion for February 2020 indicates an increase of 6% from the prior month.

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

Lazard's (LAZ) Q1 results reflect dismal revenues and lower assets under management (AUM), partly muted by a fall in expenses.

Lazard (LAZ) Q1 Earnings Miss on Lower Revenues, Costs Down

Lazard Ltd (LAZ) CEO Kenneth Jacobs on Q1 2020 Results - Earnings Call Transcript

Lazard Ltd (LAZ) delivered earnings and revenue surprises of -6.45% and -3.29%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Lazard Ltd (LAZ) Q1 Earnings and Revenues Miss Estimates

Analysts Estimate Lazard Ltd (LAZ) to Report a Decline in Earnings: What to Look Out for

Lazard Ltd has bolstered its senior restructuring team as it seeks to win business from companies struggling to stay afloat in the midst of the economic turbulence caused by the global coronavirus pandemic.

Lazard boosts restructuring team as coronavirus-hit firms run into trouble

Asset management companies tend to see a drastic drop in their earnings when the United States enters a recession.

Why Lazard Asset Management Is an Attractive Contrarian Play

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.

Is Lazard Ltd (LAZ) Stock Undervalued Right Now?

Lazard's (LAZ) preliminary assets under management (AUM) of $226.8 billion for February 2020 reflect a decrease of 6.9% from the prior month.

Lazard's (LAZ) February AUM Declines on Lull in Equity Market

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Although Waddell & Reed (WDR) and Lazard (LAZ) have similar business trends, deeper research into their financials will help decide which investment option is better.

Lazard (LAZ) or Waddell & Reed (WDR): Which is a Better Pick?

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Lazard Ltd (LAZ) Down 16.3% Since Last Earnings Report: Can It Rebound?

Lazard's (LAZ) Q4 performance reflects increased revenues and higher assets under management (AUM), partly muted by rise in expenses.

Lazard (LAZ) Q4 Earnings Beat on Higher Revenues, Costs Up

Lazard Ltd. (LAZ) CEO Kenneth Jacobs on Q4 2019 Results - Earnings Call Transcript

Lazard: One Of The Few Survivors Of The Passive Investing Bubble

News for Lazard Stock (LAZ)