Welcome to our dedicated page for Lazard news (Ticker: LAZ), a resource for investors and traders seeking the latest updates and insights on Lazard stock.
Lazard, Inc. (symbol: LAZ) is one of the world’s leading financial advisory and asset management firms. With a history that dates back to 1848, Lazard operates in 43 cities across 27 countries, including North America, Europe, Asia, Australia, Central, and South America. The firm's global presence and long-standing reputation make it a significant player in the financial services industry.
Lazard offers a wide array of services, including advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance. The company also provides comprehensive asset management services to corporations, partnerships, institutions, governments, and individuals. Notably, the firm’s revenue is nearly evenly split between financial advisory and asset management, with a strong emphasis on international equities in their asset management division.
The company's asset management business, which constitutes over 80% of its assets under management, is primarily focused on institutional clients. Geographically, Lazard generates approximately 60% of its revenue from the Americas, 35% from the EMEA region, and 5% from the Asia-Pacific.
With over 3,000 employees worldwide, Lazard continues to thrive by leveraging its deep industry expertise and global network. The firm's current projects and partnerships demonstrate its ongoing commitment to delivering high-value financial solutions. For the latest updates and relevant information about Lazard’s performance, events, and developments, you can follow their social media disclosures.
Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of
Lazard operates in 43 cities across 26 countries, providing services in financial advisory and asset management, including mergers and acquisitions advice, capital market services, and restructuring solutions.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of
Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2023 financial results on April 28, 2023, with a press release available on its website. The company will host a conference call at 8:00 a.m. EDT on the same day to discuss the results. Investors can access the call through a live audio webcast or by dialing designated numbers for U.S. and international participants. A replay of the call will be available by 10:00 a.m. EDT on April 28. Lazard, celebrating its 175th anniversary, is a global financial advisory and asset management firm, operating in 43 cities across 26 countries. The firm provides advice on mergers, acquisitions, restructuring, and capital solutions, among other services.
Lazard Ltd (NYSE: LAZ) reported a preliminary total of $224.2 billion in assets under management as of February 28, 2023. The report highlighted a $2.8 billion market depreciation and $2.9 billion foreign exchange depreciation. Additionally, Lazard faced $0.8 billion in net outflows for the month.
For context, the total AUM at the end of January 2023 was approximately $230.6 billion, indicating a decline attributed to various external factors affecting investment performance.
Lazard Ltd (NYSE: LAZ) has appointed Raymond J. McGuire as President, effective April 3, 2023. McGuire will be based in New York and aims to enhance senior client relationships, attract top talent, and expand the firm's global reach. With a vast experience in investment banking, McGuire has advised on over $750 billion in transactions. He previously held senior roles at Citigroup and Morgan Stanley. Chairman Kenneth M. Jacobs expressed confidence in McGuire's leadership capabilities, reinforcing Lazard's commitment to excellence in financial advisory and asset management.
Lazard Asset Management (LAM) has acquired Truvvo Partners, a U.S. firm with $3.8 billion in Assets Under Management (AUM), enhancing LAM's service offerings in wealth management. The new entity, Lazard Family Office Partners, will manage approximately $8 billion, integrating diverse investment management and advisory services. This acquisition is timely, as demand for sophisticated wealth management solutions grows. With this move, LAM aims to further solidify its position in the wealth management sector, ultimately boosting its AUM to about $22 billion, including European assets.
FAQ
What is the current stock price of Lazard (LAZ)?
What is the market cap of Lazard (LAZ)?
What services does Lazard, Inc. provide?
Where does Lazard operate?
What is the history of Lazard, Inc.?
Who are Lazard’s primary clients?
How is Lazard's revenue distributed geographically?
What is the focus of Lazard’s asset management business?
How many employees does Lazard have?
Where can I find Lazard's social media disclosures?
What makes Lazard a leader in financial services?
How can I stay updated with Lazard’s latest news?
