LAZ Stock Recent News

Lazard's (LAZ) Q1 earnings results reflect a strong AUM balance, along with an increase in revenues. However, elevated expenses act as spoilsports.

Lazard, Inc. (NYSE:LAZ ) Q1 2024 Earnings Conference Call April 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 Brendan O'Brien - Wolfe Research Brennan Hawken - UBS James Yaro - Goldman Sachs Devin Ryan - JMP Securities Ryan Kenny - Morgan Stanley Operator Good morning and welcome to Lazard's First Quarter 2024 Earnings Conference Call. This call is being recorded.

Lazard (LAZ) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to loss of $0.26 per share a year ago.

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.

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) will announce its first quarter 2024 financial results in a press release to be issued Thursday morning, April 25, 2024. The press release will be available in the News & Announcements section of Lazard's website at www.lazard.com. Lazard will host a conference call at 8:00 a.m. EDT on April 25, 2024, to discuss the company's financial results for the first quarter 2024. The conference call can be accessed via a live audio webcast availabl.

Mark McMaster, Lazard's global head of M&A, discusses the outlook for M&A activity in 2024 and says big deals can still get done despite antitrust scrutiny. He speaks with Sonali Basak on Bloomberg Television.

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's (LAZ) AUM balance in February benefits from a positive market, offset by net outflows and foreign exchange depreciation.

Ron Temple, Lazard Financial Advisory and Asset Management chief market strategist, joins 'Squawk Box' to discuss the state of the economy, what to expect from February's CPI data, impact on the Fed's interest rate path, and more.

Lazard's (LAZ) over-dependence on financial advisory revenues and continued net outflows are major headwinds.