Lazard Ltd (LAZ)
Market Cap | 3.47B |
Revenue (ttm) | 3.05B |
Net Income (ttm) | 525.53M |
Shares Out | 85.92M |
EPS (ttm) | 4.88 |
PE Ratio | 8.28 |
Forward PE | 11.14 |
Dividend | $1.94 (4.80%) |
Ex-Dividend Date | Nov 4, 2022 |
Volume | 937,622 |
Open | 40.07 |
Previous Close | 40.85 |
Day's Range | 39.79 - 40.67 |
52-Week Range | 30.21 - 43.44 |
Beta | 1.38 |
Analysts | Sell |
Price Target | 38.18 (-5.54%) |
Earnings Date | Feb 2, 2023 |
About LAZ
Lazard Ltd, together with its subsidiaries, operates as a financial advisory and asset management firm in North America, Europe, Asia, Australia, and Central and South America. It operates in two segments, Financial Advisory and Asset Management. The Financial Advisory segment offers various financial advisory services regarding mergers and acquisitions, restructurings, capital advisory, shareholder advisory, capital raising, sovereign advisory, and other strategic advisory matters. This segment serves corporate, partnership, institutional, gov... [Read more]
Financial Performance
In 2021, Lazard's revenue was $3.19 billion, an increase of 24.43% compared to the previous year's $2.57 billion. Earnings were $528.06 million, an increase of 31.21%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for LAZ stock is "Sell." The 12-month stock price forecast is $38.18, which is a decrease of -5.54% from the latest price.
News

Lazard (LAZ) Q4 Earnings Miss Estimates, Revenues Fall Y/Y
Lazard (LAZ) records declines in expenses and AUM in the fourth quarter of 2022.

Lazard stock pops on growing macroeconomic optimism, stronger-than-expected revenue
Lazard Ltd LAZ, +3.61% stock is up nearly 5% after the investment bank said it's more optimistic about macroeconomic conditions; it also beat its fourth-quarter revenue target but missed on adjusted p...

Lazard (LAZ) Misses Q4 Earnings Estimates
Lazard (LAZ) delivered earnings and revenue surprises of -4.17% and 0.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Lazard Ltd Reports Full-Year and Fourth-Quarter 2022 Results
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ)

Lazard Declares Quarterly Dividend of $0.50 Per Share
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (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...

Analysts Estimate Lazard (LAZ) to Report a Decline in Earnings: What to Look Out for
Lazard (LAZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wassim Al-Khatib Joins Lazard as Chief Executive Officer, Middle East and North Africa Investment Banking
NEW YORK & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today announced the appointment of Wassim Al-Khatib as Chief Executive Officer (CEO) of the firm's Financial Advisory busines...

Lazard to Announce Fourth-Quarter and Full-Year 2022 Results
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) will announce its fourth-quarter and full-year 2022 financial results in a press release to be issued Thursday morning, February 2, 2023. The press ...

Lazard Reports December 2022 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of December 31, 2022 totaled approximately $216.1 billion. The month's AUM in...

Lazard Asset Management Launches U.S. Convertibles Fund
NEW YORK--(BUSINESS WIRE)--Lazard Asset Management today announced the launch of the Lazard U.S. Convertibles Portfolio.

Is it safe to buy Lazard stock in 2023?
Lazard (NYSE: LAZ) stock price had a terrible performance in 2022 as the investment banking sector recoiled. The stock ended the year at $35, which was about 35% below the highest level in 2021.

Should Value Investors Buy Lazard (LAZ) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

5 Cheap Dividend Stocks to Buy and Retain for 2023
Stocks with a history of regular dividends, efficient management and a healthy balance sheet are good investment choices. Stocks like CAG, RDN, LAZ, NI and CFG are a must-have in your portfolio.

3 Highly-Ranked Stocks With Dividend Yields Above 5%
In a historically-volatile 2022, dividends have been a precious item, helping limit the impact of drawdowns in other positions.

Lazard Sustainable Private Infrastructure Team Completes Inaugural Investment in DBE Energy
NEW YORK--(BUSINESS WIRE)--Lazard Asset Management (LAM) today announced that the Lazard Sustainable Private Infrastructure team completed its inaugural investment in DBE Energy, owner, and operator...

Lazard Reports November 2022 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of November 30, 2022 totaled approximately $221.0 billion. The month's AUM in...

Lazard Names Ronald Temple as Chief Market Strategist
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) today announced that Ronald Temple has been named Chief Market Strategist, effective immediately. In this newly created role, Mr. Temple will serve ...

Lazard Chairman and Chief Executive Officer Kenneth M. Jacobs to Speak at the Goldman Sachs 2022 US Financial Services Conference
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) announced today that Kenneth M. Jacobs, Chairman and Chief Executive Officer, is scheduled to participate in a moderated question and answer session...

High Revenues, Cost Control Aid Lazard (LAZ) Amid Net Outflows
Lazard's (LAZ) rising revenues and cost discipline might drive operational efficiency. Yet, rising net outflows and high dependence on financial advisory revenues are concerning.

Lazard's (LAZ) October AUM Rises 3.4% on Market Appreciation
Market appreciation and favorable FX movements aid Lazard's (LAZ) October AUM balance.

Edward Rubin Joins Lazard as a Managing Director in Telecommunications, Media & Entertainment Group, Financial Advisory
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) announced today that Edward Rubin has joined the firm as a Managing Director in the Telecommunications, Media & Entertainment Group within Financial...

Lazard Reports October 2022 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of October 31, 2022 totaled approximately $204.6 billion.

Lazard (LAZ) Stock Up 4.2% on Q3 Earnings Beat, AUM Falls
Higher revenues on strong advisory business aid Lazard's (LAZ) Q3 earnings amid a challenging operating backdrop that hurt AUM balance.

Lazard (LAZ) Surpasses Q3 Earnings and Revenue Estimates
Lazard (LAZ) delivered earnings and revenue surprises of 29.63% and 13.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?