Lazard Ltd (LAZ)
| Market Cap | 4.37B |
| Revenue (ttm) | 2.74B |
| Net Income (ttm) | -17.55M |
| Shares Out | 90.20M |
| EPS (ttm) | -0.30 |
| PE Ratio | n/a |
| Forward PE | 19.40 |
| Dividend | $2.00 (4.13%) |
| Ex-Dividend Date | Aug 5, 2024 |
| Volume | 1,449,857 |
| Open | 49.31 |
| Previous Close | 48.48 |
| Day's Range | 47.81 - 49.59 |
| 52-Week Range | 25.82 - 49.58 |
| Beta | 1.39 |
| Analysts | Buy |
| Price Target | 48.71 (+0.58%) |
| Earnings Date | Jul 25, 2024 |
About LAZ
Lazard, Inc., together with its subsidiaries, operates as a financial advisory and asset management firm in North and South America, Europe, the Middle East, Asia, and Australia. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers financial advisory services, such as mergers and acquisitions, capital markets, shareholder, sovereign, geopolitical advisory, and other strategic advisory services, as well as restructuring and liability management, and capital raising and placement services. Th... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 7 analysts, the average rating for LAZ stock is "Buy." The 12-month stock price forecast is $48.71, which is an increase of 0.58% from the latest price.
News
Lazard CEO: We are at an inflection point as we execute our long-term growth plans
Lazard CEO Peter Orszag joins 'Money Movers' to discuss what's driving the company's growth, the advisory revenues from the quarter, and the outlook for further recovery in M&A.
Lazard reports second-quarter profit on investment banking rebound
Lazard reported a profit for the second quarter on Thursday, driven by a recovery in its core investment banking business.
Lazard Reports Second-Quarter and First-Half 2024 Results
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...
Lazard Declares Quarterly Dividend of $0.50 Per Share
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 divide...
Lazard Reports June 2024 Assets Under Management
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 includ...
Lazard to Announce Second Quarter and First-Half 2024 Financial Results
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) will announce its second quarter and first-half 2024 financial results in a press release to be issued Thursday morning, July 25, 2024. The press re...
Lazard Is Looking to Buy a Private Credit Firm
Lazard Inc. Chief Executive Officer Peter Orszag says the firm is looking to buy a private credit firm and the company is "in the mix" of evaluating many options. He speaks to Bloomberg's Francine Lac...
Ali Syed Joins Lazard as Head of Sovereign and Pension Fund Coverage
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that Ali Syed has joined the firm as Managing Director and Head of Sovereign and Pension Fund Coverage. Based in New York, Mr. Syed ...
Lazard CEO: Geopolitics is highly relevant to business conditions
Lazard CEO Peter Orszag joins 'Money Movers' to discuss the latest CPI report, the impact of the sharp bond market rally on market activity, and whether inflation models need to account for the post-C...
Lazard Reports May 2024 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of May 31, 2024 totaled approximately $245.0 billion. The month's AUM include...
Rosalie Berman Joins Lazard Asset Management
NEW YORK--(BUSINESS WIRE)--Lazard Asset Management (LAM) announced today that Rosalie Berman has joined the firm as Managing Director, Business Strategy, reporting to LAM CEO, Evan Russo. Ms. Berman w...
Lazard Chief Executive Officer Peter R. Orszag to Speak at the Morgan Stanley U.S. Financials, Payments & CRE Conference
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced Peter R. Orszag, Chief Executive Officer is scheduled to participate in a fireside discussion at the Morgan Stanley U.S. Financials,...
Exclusive: Redcentric hires Lazard to explore sale, sources say
British IT services group Redcentric is working with a financial adviser on an attempt to sell the company, two people familiar with the matter told Reuters.
Lazard CEO on tailwinds for the M&A market
Lazard CEO Peter Orszag joins ‘Squawk Box' to discuss the Fed's interest rate decision this week, interest rate outlook, state of the economy, latest market trends, state of the M&A market, and more.
Lazard CEO: Odds of summer rate cuts are exceedingly low unless something 'dramatic' happens
Lazard CEO Peter Orszag joins 'Squawk Box' to discuss his expectations from the market, how the health of the M&A market fares with no rate cuts, and how chief executive confidence is doing.
Ben Braun Joins Lazard as Global Head of Media, Entertainment & Sports Advisory
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that Ben Braun joined the firm as Managing Director and Global Head of Media, Entertainment & Sports Advisory. Based in New York, Mr...
Sarbjit Nahal Joins Lazard Asset Management
NEW YORK--(BUSINESS WIRE)--Lazard Asset Management (LAM) announced today that it is strengthening its leading Global Thematic platform with the addition of Sarbjit Nahal as a Portfolio Manager / Analy...
Lazard Reports April 2024 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of April 30, 2024 totaled approximately $240.8 billion. The month's AUM inclu...
Lazard hires veteran healthcare dealmaker Colocci as vice chairman
Investment bank Lazard Ltd has appointed veteran healthcare dealmaker Michele Colocci as vice chairman and managing director, aiming to boost the growth of its healthcare advisory, according to a comp...
Lazard Welcomes Michele Colocci as Vice Chairman, Investment Banking and Managing Director, Healthcare
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today announced Michele Colocci is joining the firm on 3rd June 2024 as Vice Chairman, Investment Banking and Managing Director, Healthcare. Based i...
Lazard's McGuire Sees Rates Staying Higher for Longer
Lazard President Ray McGuire discusses the current economic environment and the outlook for deal activity at the Milken Institute Global Conference in Beverly Hills, CA. -------- More on Bloomberg Tel...
Lazard posts first-quarter profit on jump in assets
Lazard reported a first-quarter profit on Thursday, compared with a loss a year earlier, buoyed by a growth in assets at the boutique investment bank.
Lazard Reports First-Quarter 2024 Results
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) today reported net revenue of $765 million and adjusted net revenue1 of $747 million for the quarter ended March 31, 2024. On a U.S. GAAP basis, fir...
Lazard Declares Quarterly Dividend of $0.50 Per Share
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 divide...
Lazard and Elaia Partners Form Strategic Partnership, Including the Launch of Lazard Elaia Capital, a Technology Focused Private Equity Investment Platform
PARIS--(BUSINESS WIRE)--Lazard, a global leader in active asset management, and Elaia Partners, an established European venture capital firm, signed a strategic partnership agreement to create a leadi...