LAZ Stock Recent News

Lazard's advisory business has a somewhat low implied valuation when taking a crude blended multiple approach. On top of that, Lazard has had some decent years and displayed resilience in the face of a complex market. The income proposition is supported by a stabler asset management business and Lazard has strong franchises in several, somewhat uncorrelated major markets.

Lazard's (LAZ) preliminary AUM balance for April 2024 declines 3.8% on a sequential basis due to the impact of negative markets.

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 company announcement.

The Milken Institute Global Conference continues in California, with Lazard (LAZ) President Ray McGuire joining Yahoo Finance executive editor Brian Sozzi and anchor Akiko Fujita to discuss market outlooks, AI investments, election risks, and more. McGuire says that investors approach markets from two perspectives: "What's in front of us and what's ahead of us.

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 Television and Markets Like this video?

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.