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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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

Waddell & Reed Financial

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?

AGNC Investment

Berry Petroleum Corp.

Costamare

Enviva Partners

Wall Street's downward movement, which commenced in the last week of February, is persisting in the first week of March as well.

Buy 5 Top High-Yielding Stocks Amid Virus-Induced Turmoil

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

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

Bear Of The Day: Lazard (LAZ)

Lazard's (LAZ) preliminary assets under management (AUM) of $236.7 billion for November 2019 reflect marginal rise from the prior month.

Lazard's (LAZ) AUM Increases in November on Higher Equity

Lazard, the global investment bank, has been quietly recruiting a ten-person team in London to head up its newly created “Venture and Growth Banking” division to match investors with European scale-ups. Unlike some investment banks, the focus of Lazard Venture and Growth Banking will include Series B and C.

Investment bank Lazard has quietly recruited a ‘Venture and Growth’ team to focus on European scale-ups

Lazard's (LAZ) Q3 results reflect fall in revenues and assets under management (AUM) balance, as well as adverse impact of elevated expenses.

Lazard (LAZ) Q3 Earnings & Revenues Fall Y/Y, Stock Down 2.9%

Lazard Ltd. (LAZ) CEO Kenneth Jacobs on Q3 2019 Results - Earnings Call Transcript

Lazard Ltd  said on Thursday it had axed about 200 employees after a review of its business, as the investment bank reported a 21% drop in third-quarter adjusted net income amid a slowdown in worldwide deal activity.

Lazard axes 200 jobs as profit falls amid dealmaking slowdown

Lazard said in a statement on Sunday it had appointed Louis Girodolle as chief executive officer of Lazard Investment Banking in France.

Lazard appoints Girodolle CEO of Lazard France

HSBC Holdings

HSBC Holdings has hired U.S. investment bank Lazard Ltd  to sell its French retail business, a source close to the matter told Reuters, as part of a plan by new interim chief executive Noel Quinn to reduce costs across the banking group.

HSBC taps Lazard to sell French retail business: source

Amid a tough operating environment and changing client preference, Lazard (LAZ) might cut jobs to maintain profitability.

Lazard's Asset Management Arm Mulls to Lay Off 60 Employees

While AllianceBernstein Holding L.P. (AB) and Lazard (LAZ) are good options with similar business trends, deeper research into their financials will help decide which would be a better investment pick.

Lazard (LAZ) or AllianceBernstein (AB): Which is Better?

Lazard's (LAZ) preliminary assets under management (AUM) of $228.8 billion for August 2019 reflect 2.6% fall from the prior month.

Lazard (LAZ) August 2019 AUM Declines on Overall Net Outflows

Why Is Lazard Ltd (LAZ) Down 13.4% Since Last Earnings Report?

Lazard's (LAZ) preliminary assets under management (AUM) of $234.8 billion for July 2019 reflect 1.1% fall from the prior month.

Lazard's (LAZ) July 2019 AUM Declines on Overall Net Outflows

Lazard (LAZ) Q2 performance reflects decreased expenses and stable assets under management (AUM), partly muted by lower revenues.

Lazard (LAZ) Q2 Earnings Beat on Lower Expenses, Shares Up

Lazard Ltd. (LAZ) CEO Kenneth Jacobs on Q2 2019 Results - Earnings Call Transcript

KAR Auction Services

Screening for stocks that more than double the earnings yield of 20-year high-quality corporate bonds increases the likelihood of discovering value opportunities.

News for Lazard Stock (LAZ)