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 Ltd (LAZ) maintains its position as a global leader in financial advisory and asset management through strategic insights and operational excellence. This dedicated news hub provides investors with essential updates on corporate developments, market strategies, and financial performance.
Access authoritative reports on mergers & acquisitions, quarterly earnings disclosures, leadership changes, and regulatory filings. Our curated collection simplifies tracking LAZ's advisory engagements in restructuring and capital markets while monitoring its asset management division's international equity strategies.
Key updates include detailed analyses of cross-border transactions, institutional client partnerships, and operational expansions across 27 countries. Professionals rely on this resource for timely insights into LAZ's advisory role in complex corporate finance matters and its evolving position in global capital markets.
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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.
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.
