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 $0.47 per share, scheduled for payment on November 19, 2021, to stockholders recorded by November 8, 2021. The firm, with a legacy dating back to 1848, focuses on financial advisory and asset management across 41 cities in 26 countries. Lazard provides essential services in mergers and acquisitions, restructuring, capital raising, and more for various clients, including corporations and governments.
Lazard Ltd (NYSE: LAZ) has published its annual Levelized Cost of Energy Analysis (LCOE 15.0), highlighting the cost-competitiveness of renewable energy technologies. The study indicates that while costs for onshore wind and solar have declined, capital cost inflation and supply chain disruptions may lead to increased future costs. Additionally, the Levelized Cost of Storage Analysis (LCOS 7.0) shows mixed trends due to supply constraints. The Levelized Cost of Hydrogen Analysis (LCOH 2.0) emphasizes hydrogen's potential but notes it remains more expensive than traditional fuels.
Lazard Ltd (NYSE: LAZ) announced the appointment of Luba Kotzeva de Diaz as Managing Director in Investment Banking, effective from November 1, 2021. Based in London, she brings significant expertise in energy transition and renewables, previously serving 22 years at Rothschild & Co, where she specialized in power and infrastructure. This strategic addition aims to strengthen Lazard's European Energy and Renewables Group amid increasing client focus on energy transition. Her extensive international network is expected to enhance Lazard's advisory capabilities in the sector.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of
Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2021 results on October 29, 2021. The press release will be available on Lazard’s website. A conference call discussing the financial results will take place at 8:00 a.m. EDT on the same day, accessible via live audio webcast or by phone. A replay will be available after 10:00 a.m. EDT. Lazard is a leading financial advisory and asset management firm with operations in 41 cities across 26 countries. Further details can be found on their official website.
Lazard Ltd (NYSE: LAZ) has appointed
William M. Lewis, Jr. has joined Lazard's Board of Directors as of April 29, 2022, while announcing his retirement from the firm on November 12, 2022. Lewis has served as a Managing Director for 17 years, most recently as Chairman of Investment Banking. He will transition to Apollo Global Management as a Senior Partner on November 15. Kenneth M. Jacobs, CEO of Lazard, praised Lewis as an influential investment banker and advisor to high-profile CEOs.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $272.6 billion as of September 30, 2021. This figure includes $6.3 billion in market depreciation, $2.6 billion in foreign exchange depreciation, and $1.3 billion in net outflows. The average AUM for the quarter was $277.9 billion. In comparison, AUM was $282.8 billion at the end of August 2021.
The report highlights a decline in AUM owing to various market factors and outflows.
Lazard Ltd (NYSE: LAZ) has announced the recruitment of Andrew Sweet as a Managing Director in their Charlotte office, focusing on the Industrials Group. Sweet, who has over 15 years of experience in M&A, private capital raising, and public financing, previously held positions at Stephens, Inc. and Hyde Park Capital. The firm, which operates in 41 cities worldwide, continues to enhance its advisory services to clients across various sectors.
Lazard Ltd (NYSE: LAZ) has appointed Medha Chadha and Jason Schoenholtz as Managing Directors in Financial Advisory, focusing on healthcare clients. Ms. Chadha will lead capital markets advisory, leveraging 16 years of equity capital markets experience, particularly in biotech. Mr. Schoenholtz, with nearly two decades in healthcare investment banking, will enhance the team's expertise in healthcare services. This strategic expansion aims to improve Lazard’s advisory capabilities in the healthcare sector.
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?
