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) 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.
Lazard Ltd (NYSE:LAZ) announced its preliminary assets under management (AUM) as of April 30, 2021, totaling approximately $274.4 billion. This figure reflects market appreciation of $6.9 billion and foreign exchange appreciation of $2.7 billion, offset by net outflows of $0.1 billion. The AUM for March 31, 2021 was reported as $264.9 billion. The firm operates globally, providing advisory and asset management services.
Lazard Ltd (NYSE: LAZ) reported operating revenue of $648 million for Q1 2021, a 15% increase from Q1 2020. Adjusted net income rose to $101 million, or $0.87 per share, up 52% year-over-year. The firm highlighted strong activity in Financial Advisory and Asset Management, with record assets under management of $265 billion, a 37% increase from the previous year. The company returned $237 million to shareholders via dividends and share repurchases. Financial metrics indicate robust performance, positioning Lazard well amid a strengthening macroeconomic environment.
Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share on its common stock. This dividend will be payable on May 21, 2021, to stockholders recorded as of May 10, 2021. Lazard is recognized globally for its financial advisory and asset management services, operating in over 40 cities and 25 countries. The firm, with a history dating to 1848, provides guidance on mergers, acquisitions, capital structure, and corporate finance.
Lazard Ltd (NYSE: LAZ) will issue its first-quarter 2021 financial results on April 30, 2021. The press release will be accessible on Lazard’s website. Following the release, a conference call is scheduled for 8:00 a.m. EDT to discuss these results. Interested parties can access the call via a live audio webcast or by dialing in. A replay will also be available later that day. Lazard is a prominent financial advisory and asset management firm with a global presence, offering services in mergers, acquisitions, and corporate finance. For more information, visit www.lazard.com.
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