STOCK TITAN
  1. Home
  2. News
  3. LAZ

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

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 outstanding common stock. The distribution is payable on November 22, 2023, to shareholders of record on November 10, 2023. The ex-dividend date is November 9, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.17%
Tags
none
-
News

Lazard to Announce Third-Quarter and Nine-Month 2023 Financial Results

Rhea-AI Summary
Lazard Ltd to announce Q3 and 9M 2023 financial results on October 26, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.41%
Tags
earnings
-
News

Lazard Reports September 2023 Assets Under Management

Rhea-AI Summary
Lazard Ltd reports preliminary assets under management of $228.3 billion as of September 30, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.64%
Tags
none
News

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

Rhea-AI Summary
Lazard Global Total Return and Income Fund, Inc. confirms a monthly distribution of $0.09339 per share on its outstanding common stock. The distribution is payable on October 24, 2023. The Fund estimates that it has distributed more than its net investment income and net realized capital gains, with a return of capital accounting for 53% of the distribution. The Fund's investment objective is total return, consisting of capital appreciation and current income. As of August 31, 2023, Lazard Asset Management managed $237.3 billion worth of client assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.6%
Tags
none
-
News

Lazard Reports August 2023 Assets Under Management

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.81%
Tags
none
-
News

Lazard Appoints Sir Stephen Lovegrove as Senior Advisor

Rhea-AI Summary
Sir Stephen Lovegrove joins Lazard as a Senior Advisor in the U.K. Financial Advisory and Geopolitical Advisory businesses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.18%
Tags
management
News

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

Rhea-AI Summary
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%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.6%
Tags
none
-
News

ClassWallet Closes $95 Million Funding Round to Continue Reshaping the Way State and Local Government Agencies Do Business

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
none
-
News

Lazard Reports July 2023 Assets Under Management

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
Tags
none
News

Lazard Ltd Reports Second-Quarter and First-Half 2023 Results

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
earnings

FAQ

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

The current stock price of Lazard (LAZ) is $52.04 as of December 20, 2024.

What is the market cap of Lazard (LAZ)?

The market cap of Lazard (LAZ) is approximately 4.6B.

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.

Stock LAZ logo
Lazard, Inc.

NYSE:LAZ

LAZ Rankings

#1328 Ranked by Market Cap
#817 Ranked by Dividends

LAZ Stock Data

4.64B
87.11M
2.92%
71.34%
3.05%
Capital Markets
Investment Advice
Link
United States of America
NEW YORK