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) announced its preliminary assets under management (AUM) as of May 31, 2022, totaling approximately $236.0 billion. The AUM reported includes foreign exchange appreciation of $1.4 billion, market depreciation of $1.1 billion, and net outflows of $1.0 billion during the month. As of April 30, 2022, AUM was $236.6 billion. The firm's AUM consists of $187.1 billion in equity, $42.1 billion in fixed income, and $6.7 billion in other assets.
Lazard Ltd (NYSE: LAZ) announced that Kenneth M. Jacobs, Chairman and CEO, will participate in a moderated Q&A session at the Morgan Stanley U.S. Financials, Payments & CRE Conference on Tuesday, June 14, at 8:00 a.m. EDT. A live audio webcast will be available on the Lazard Investor Relations website, with a replay uploaded shortly after the conference.
Lazard, established in 1848, is a leading financial advisory and asset management firm operating in 40 cities across 25 countries, providing services such as mergers and acquisitions advice, restructuring, and capital raising.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of
The previous month's AUM was
Lazard Ltd (NYSE: LAZ) reported a strong performance for Q1 2022, with operating revenue reaching $699 million, an 8% increase from the previous year. Adjusted net income rose to $115 million, or $1.05 per share, a 13% increase year-over-year. Notably, the Financial Advisory segment performed well, generating $388 million, up 22%. Despite challenges in Asset Management, which saw a 5% revenue decline, the firm returned $281 million to shareholders through dividends and share repurchases. Lazard remains well-positioned for future growth amid market volatility.
Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share, payable on May 20, 2022, to stockholders of record on May 9, 2022. This announcement underscores the company's commitment to returning value to its shareholders. Operating from 40 cities across 25 countries, Lazard is a leading financial advisory and asset management firm, established in 1848, providing a range of services including mergers and acquisitions advice, restructuring, and capital raising.
Lazard Ltd (NYSE: LAZ) will announce its first-quarter 2022 results on April 28, 2022. The announcement will be available on Lazard's website. Following the release, a conference call will occur at 8:00 a.m. EDT to discuss the results. Investors can access the call via live audio or by dial-in. A replay will be available starting at 10:00 a.m. EDT on the same day. Lazard, a leading financial advisory and asset management firm, operates globally, providing services in mergers and acquisitions, restructuring, and capital raising among others.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of March 31, 2022, totaling $252.7 billion. The AUM was affected by $2.4 billion in market appreciation, $1.0 billion in foreign exchange depreciation, and net outflows of $0.3 billion. The average AUM for the quarter ended March 31, 2022, was $256.4 billion. The report reflects ongoing management strategies amidst market fluctuations and presents a mixed outlook as AUM was slightly up compared to $251.6 billion in February.
Lazard Ltd (NYSE: LAZ) announced that Evan L. Russo, CFO, will succeed Ashish Bhutani as the CEO of its Asset Management business effective
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