Lazard Ltd Class A Stock News

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that Chris Miller joined the firm as a Managing Director within the Power, Energy & Infrastructure Advisory business, based in Houston. Within his role, Chris will advise clients in the Energy industry, focused on Oil & Gas. This appointment demonstrates Lazard's successful global recruiting efforts as the firm continues to exe...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2025 totaled approximately $233.0 billion. The month's AUM included market appreciation of $6.1 billion, foreign exchange appreciation of $0.4 billion and net inflows of $0.3 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)   ...

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Lazard, Inc. reported $10 billion in won but not yet funded mandates, meaning they have healthy commissions to be earned in the coming year. LAZ is aggressively hiring MDs, aiming to put them to work in a more deal abundant 2025. Asset management saw outflows but concentrated in low-fee accounts, muting revenue impacts expected into the next year.

Lazard, Inc. (NYSE:LAZ ) Q4 2024 Earnings Conference Call January 30, 2025 8:00 AM ET Company Participants Alexandra Deignan – Head-Investor Relations and Treasury Peter Orszag – Chief Executive Officer and Chairman Mary Ann Betsch – Chief Financial Officer Evan Russo – Chief Executive Officer-Asset Management Conference Call Participants Devin Ryan – Citizens JMP Brennan Hawken – UBS Brendan O...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported net revenue of $817 million and adjusted net revenue1 of $812 million for the quarter ended December 31, 2024. For the full year of 2024, Lazard reported net revenue of $3,052 million and adjusted net revenue1 of $2,890 million. On a U.S. GAAP basis, Lazard reported fourth-quarter 2024 net income of $86 million or $0.80 per shar...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on February 21, 2025, to stockholders of record on February 10, 2025. About Lazard Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management fir...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2024 totaled approximately $226.3 billion. The month's AUM included net outflows of $4.5 billion, foreign exchange depreciation of $2.5 billion and market depreciation of $1.1 billion. Outflows included $3.3 billion from two concentrated sub-advisory relatio...