Lazard Ltd Class A Stock News

Lazard's asset management business saw net outflows of $7.5 billion in August after one of its clients switched to a passive investing strategy, a person familiar with the matter told Reuters on Thursday.

US boutique bank stocks are doing well this year as signs show that deal-making is coming back to life. Piper Sandler (PIPR) stock's total return this year stood at 50.50% on August 15 while Evercore (EVR) and Lazard (LAZ) rose by almost 50%.

Lazard saw some deceleration into Q2, even though there was still good growth. Sponsor facing businesses are doing better now after coming out of the doldrums, particularly in secondary activity. It's not the best grower, but compared to EVR which is reasonably valued, Lazard looks relatively cheaper.

Lazard, Inc. (NYSE:LAZ ) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Alexandra Deignan - Head of Investor Relations, Treasury & Corporate Sustainability Peter Orszag - Chief Executive Officer Mary Ann Betsch - Chief Financial Officer Evan Russo - Chief Executive Officer, Asset Management Conference Call Participants Ryan Kenny - Morgan Stanley Jim Mitchell - S...

Lazard reported a profit for the second quarter on Thursday, driven by a recovery in its core investment banking business.

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported both net revenue and adjusted net revenue1 of $685 million for the quarter ended June 30, 2024, and net revenue of $1,450 million and adjusted net revenue1 of $1,431 million for the first half of 2024. On a U.S. GAAP basis, second-quarter and first-half 2024 net income were $50 million or $0.49 per share, diluted, and $86 millio...

Vice President Kamala Harris' allies on Wall Street huddled on a private Zoom call to strategize on best ways to take on and possibly defeat former President Donald Trump. The over hour long call featured dozens of major financiers backing Harris.

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of June 30, 2024 totaled approximately $244.7 billion. The month's AUM included market appreciation of $2.5 billion, net outflows of $1.4 billion and foreign exchange depreciation of $1.4 billion. Preliminary average AUM for the quarter ended June 30, 2024 was $245.3 billio...