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) reported preliminary assets under management (AUM) totaling approximately $278.4 billion as of July 31, 2021. This reflects a market appreciation of $2.2 billion but includes net outflows of $1.1 billion and foreign exchange depreciation of $0.2 billion. The AUM breakdown shows equity holdings at $224.992 billion, fixed income at $47.661 billion, and other assets at $5.699 billion.
Lazard Ltd (NYSE: LAZ) reported record operating revenue of $821 million for Q2 2021, up 51% year-over-year. Adjusted net income reached $146 million or $1.28 per share, representing a 94% increase compared to Q2 2020. For the first half of 2021, adjusted net income totaled $247 million with operating revenue reaching $1.469 billion.
The firm benefited from strong macroeconomic trends and significant M&A activities, advising on transactions including Vivendi's stake in Universal Music Group and Air Canada's financial assistance. Lazard also returned $161 million to shareholders in Q2 2021.
Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share on its outstanding common stock. This dividend will be payable on August 20, 2021, to stockholders recorded by August 9, 2021. Lazard, a leading financial advisory and asset management firm, operates in 41 cities across 26 countries, providing services such as mergers and acquisitions advice, capital raising, and asset management. Founded in 1848, it serves a diverse clientele including corporations, institutions, and governments.
Lazard Asset Management (LAM) has expanded its global alternatives investment platform by hiring Robert Wall as Managing Director and Head of Sustainable Private Infrastructure, based in London. Wall, who has over 20 years of experience in private market investments and infrastructure, will develop a sustainable investment strategy focused on private infrastructure companies. This new strategy aims to provide diversified returns while benefiting society. LAM currently manages $277 billion in client assets as of June 30, 2021.
Lazard Asset Management has appointed Joanne Choi as Managing Director and Chief Marketing Officer, effective immediately. Choi, formerly of Goldman Sachs Asset Management, will spearhead the firm's global marketing strategies and brand initiatives. Her role includes enhancing client engagement and driving revenue through strategic marketing efforts. Choi's extensive experience in high-profile marketing roles positions her well to adapt to the complexities of global capital markets. As of June 30, 2021, Lazard managed $277 billion in client assets.
Lazard Ltd (NYSE: LAZ) will release its second-quarter and first-half 2021 financial results on July 30, 2021. The press release will be available on Lazard’s website. Additionally, a conference call will be held at 8:00 a.m. EDT on the same day to discuss the financial performance. Access to the call will be via a live audio webcast or by telephone. A replay will be available later in the day. Lazard, a leading financial advisory and asset management firm, has a global presence across 25 countries.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of June 30, 2021, totaled approximately $277.4 billion, which included $1.9 billion in market appreciation and $0.3 billion in net inflows. However, foreign exchange depreciation contributed to a decline of $3.4 billion. The average AUM for the quarter stood at $275.9 billion. These figures reflect a slight decrease from May 31, 2021, where total AUM was reported at $278.6 billion.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $278.6 billion as of May 31, 2021. This figure reflects a market appreciation of $3.4 billion and a foreign exchange appreciation of $1.9 billion, offset by net outflows of $1.1 billion. The breakdown of AUM includes $226.0 billion in equity, $47.1 billion in fixed income, and $5.5 billion in other assets. This marks an increase from $274.4 billion in April 2021.
Lazard Ltd (NYSE: LAZ) and New Visions for Public Schools announced the launch of the Lazard New Visions Academy, an initiative funded by the Lazard Foundation. This two-year pilot program aims to provide 600 high school students in NYC access to post-secondary readiness opportunities and career development support. The program focuses on career exposure in the financial services sector and skills development for students from under-resourced communities. Launched to inspire similar private sector partnerships, this initiative highlights Lazard's commitment to social responsibility.
Lazard Ltd (NYSE: LAZ) has announced the immediate appointment of William H. McRaven, a retired US Navy four-star admiral, as a Senior Advisor in its Financial Advisory business. McRaven is recognized for his extensive military experience, including overseeing Operation Neptune Spear, which resulted in the death of Osama bin Laden. Kenneth M. Jacobs, CEO of Lazard, emphasized McRaven's unique knowledge of the global geopolitical landscape as a valuable asset for the firm and its clients in navigating complex global challenges.
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