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Lazard, Inc. - LAZ STOCK NEWS

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.

News

Lazard Reports August 2023 Assets Under Management

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Lazard Ltd reports preliminary AUM of $237.3 billion as of August 31, 2023, with market depreciation of $4.4 billion, foreign exchange depreciation of $2.3 billion, and net outflows of $0.4 billion.
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Lazard Appoints Sir Stephen Lovegrove as Senior Advisor

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Sir Stephen Lovegrove joins Lazard as a Senior Advisor in the U.K. Financial Advisory and Geopolitical Advisory businesses.
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Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in July

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Lazard Global Total Return and Income Fund, Inc. confirms monthly distribution of $0.09339 per share on outstanding common stock. Net income accounts for 56% of the distribution, while return of capital accounts for 44%. Average annual total return for the 5-year period is 8.02%.
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ClassWallet Closes $95 Million Funding Round to Continue Reshaping the Way State and Local Government Agencies Do Business

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Lazard Reports July 2023 Assets Under Management

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Lazard Ltd (NYSE: LAZ) reported a preliminary total assets under management (AUM) of approximately $244.4 billion as of July 31, 2023, which included market appreciation of $4.5 billion, foreign exchange appreciation of $1.7 billion, and net outflows of $1.1 billion. The breakdown of AUM by asset class shows Equity at $189,183 million, Fixed Income at $46,780 million, and Other at $8,475 million.
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Lazard Ltd Reports Second-Quarter and First-Half 2023 Results

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Lazard Ltd (NYSE: LAZ) reported Q2 operating revenue of $620 million, with Asset Management AUM up 11% year-to-date. Financial Advisory Q2 operating revenue increased by 26% from Q1. Net income was $23 million, diluted EPS $0.24. The company believes the M&A market is stabilizing, anticipating a rebound.
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Lazard Declares Quarterly Dividend of $0.50 Per Share

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Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in June

Rhea-AI Summary
Lazard Global Total Return and Income Fund, Inc. (NYSE:LGI) has confirmed a monthly distribution of $0.09339 per share on its common stock. The distribution is payable on August 22, 2023, to shareholders of record on August 11, 2023. The Fund has also paid a previously declared distribution on July 24, 2023. The estimated amounts of the current distribution and cumulative distributions for the fiscal year to date have been provided.
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Lazard Reports June 2023 Assets Under Management

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Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) as of June 30, 2023, totaling approximately $239.3 billion, with market appreciation of $7.7 billion, foreign exchange appreciation of $1.6 billion, and net inflows of $0.1 billion. The equity AUM was $184,725 million, fixed income AUM was $45,851 million, and other AUM was $8,764 million.
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Lazard to Announce Second-Quarter and First-Half 2023 Financial Results

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Lazard Ltd (NYSE: LAZ) will release its second-quarter and first-half 2023 financial results on July 27, 2023. The press release will be available on Lazard’s website. A conference call to discuss the results will be held at 8:00 a.m. EDT on the same day.
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FAQ

What is the current stock price of Lazard (LAZ)?

The current stock price of Lazard (LAZ) is $57.7 as of November 22, 2024.

What is the market cap of Lazard (LAZ)?

The market cap of Lazard (LAZ) is approximately 5.2B.

What services does Lazard, Inc. provide?

Lazard offers mergers and acquisitions advice, restructuring, capital structure, corporate finance, and asset management services.

Where does Lazard operate?

Lazard operates in 43 cities across 27 countries, including North America, Europe, Asia, Australia, and Central and South America.

What is the history of Lazard, Inc.?

Lazard was founded in 1848 and has grown to become one of the world’s leading financial advisory and asset management firms.

Who are Lazard’s primary clients?

Lazard serves corporations, partnerships, institutions, governments, and individuals, with a focus on institutional clients in their asset management business.

How is Lazard's revenue distributed geographically?

Approximately 60% of Lazard's revenue comes from the Americas, 35% from EMEA, and 5% from the Asia-Pacific region.

What is the focus of Lazard’s asset management business?

Lazard’s asset management business focuses primarily on equities, with an international outlook and geared towards institutional clients.

How many employees does Lazard have?

Lazard has over 3,000 employees worldwide.

Where can I find Lazard's social media disclosures?

Lazard's social media disclosures can be found at https://www.lazard.com/social-media-disclosure/.

What makes Lazard a leader in financial services?

Lazard's global presence, deep industry expertise, and comprehensive range of financial advisory and asset management services make it a leader in the financial services industry.

How can I stay updated with Lazard’s latest news?

You can stay updated with Lazard’s latest news and performance insights through their social media disclosures and financial updates.

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Lazard, Inc.

NYSE:LAZ

LAZ Rankings

#1290 Ranked by Market Cap
#859 Ranked by Dividends

LAZ Stock Data

5.22B
109.41M
2.92%
71.3%
2.87%
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