Lazard, Inc. reports developments in financial advisory and asset management, its two recurring business lines. The firm provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, while its asset management business offers investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals.
Recurring LAZ news includes quarterly operating results, monthly assets-under-management updates with flow, market, foreign-exchange and asset-class detail, common-stock dividend declarations, additions to advisory sector groups, and strategic updates for the global platform. Coverage also reflects the firm’s operations in North and South America, Europe, the Middle East, Asia and Australia.
Lazard (LAZ) completed its acquisition of Campbell Lutyens and launched Lazard CL as its third global business, focused on private capital advisory.
The transaction combines Lazard's private capital advisory operations with Campbell Lutyens. Upfront consideration was paid primarily in Lazard stock. Lazard continues to expect approximately $500 million of estimated combined revenue and earnings accretion in 2027, before revenue or expense synergies. The company said Campbell Lutyens is performing ahead of the assumptions supporting the acquisition.
Lazard CL has more than 300 advisory professionals and 19 offices worldwide, providing primary fundraising, secondary advisory and GP capital advisory services. Gordon Bajnai and Holcombe Green serve as co-CEOs. Lazard positions the combination as part of its Lazard 2030 strategy to pursue profitable growth and diversify revenue.
Lazard Global Total Return and Income Fund (LGI) confirmed a monthly distribution of $0.15340 per share, payable November 24, 2026. The record and ex-dividend dates are November 10, 2026.
For the previously declared distribution paid October 22, estimated sources are 13% net income and 87% realized long-term capital gains, with no return of capital. Fiscal-year-to-date distributions total $1.53400 per share, including an estimated 34% return of capital, meaning money returned to investors rather than income.
Through September 30, 2026, fiscal-year total return based on net asset value (NAV) was 5.81%, versus cumulative distributions of 7.66% of NAV. The five-year average annual NAV total return was 6.36%, compared with a 10.22% annualized current distribution rate. Distribution sources are estimates, not tax-reporting figures; distribution amounts do not establish investment performance.
Lazard (NYSE: LAZ) reported third-quarter 2026 GAAP net revenue of $814 million, with revenue growth accompanied by lower earnings. Revenue rose 9% year over year, while net income fell 59% to $29 million and diluted earnings fell 60% to $0.26. Adjusted net revenue increased 11% to $805 million; adjusted diluted earnings declined 36% to $0.36.
Financial Advisory GAAP revenue rose 10% to $470 million, and Asset Management revenue increased 9% to $357 million. Quarter-end assets under management were $284 billion, up 7% year over year, despite $2.3 billion of quarterly net outflows. The adjusted compensation expense ratio rose to 69.9% from 65.5%. For the first nine months, GAAP revenue increased 8% to $2,378 million, while net income declined 28% to $135 million. Lazard returned $366 million to shareholders over that period and declared a $0.50 quarterly dividend payable November 13, 2026.
Lazard (NYSE: LAZ) announced that its board declared a quarterly dividend of $0.50 per share on outstanding common stock.
The dividend is payable on November 13, 2026, to stockholders of record on November 2, 2026.
Lazard (NYSE: LAZ) announced that CEO and Chairman Peter R. Orszag is scheduled to speak at the 2026 BMO Financials Conference. His fireside discussion is scheduled for November 10, 2026, at 10:15 a.m. ET. A live audio webcast will be available through Lazard’s investor relations website at www.lazard.com, with a replay available on the same website shortly after the conference.
Lazard (NYSE: LAZ) appointed David Krap as Managing Director and Co-Head of European Consumer, Retail & Leisure, based in London.
Krap joins from J.P. Morgan, where he was Managing Director and Co-Head of Consumer & Retail EMEA. He brings over two decades of consumer-focused merger and acquisition advisory experience. Lazard links the appointment to its Lazard 2030 strategy, which includes growing its Managing Director ranks across the advisory franchise.
Lazard (NYSE: LAZ) reported preliminary assets under management of approximately $284.0 billion as of September 30, 2026, below August's total.
The unaudited table shows total assets under management of $284,029 million, compared with $290,332 million on August 31. September included $3.2 billion in market depreciation, $2.1 billion in foreign-exchange depreciation and $0.9 billion in net outflows. Preliminary average assets under management for the quarter ended September 30 were $286.6 billion. Equity, fixed-income, multi-asset and alternatives assets all declined from August. September figures are preliminary and subject to adjustment.
Lazard (NYSE: LAZ) will announce its third-quarter and nine-month 2026 financial results on the morning of October 22, 2026.
The results will be available in the News & Announcements section of Lazard's website. A conference call to discuss the results will begin at 8:00 a.m. ET that day, with a live audio webcast through the website's Investor Relations section. A replay will be available there by 10:00 a.m. ET.
Lazard (LAZ) has hired Pranjal Gambhir as head of Medical Technology, based in New York. He will lead coverage of medical technology companies and advise clients on strategy and corporate development transactions across the sector.
Gambhir was most recently a managing director at Citi, covering companies across multiple medical technology subsectors. He spent 20 years at Citi in roles in New York and New Delhi. Lazard said his arrival deepens the coverage its Healthcare Group can offer clients.
Lazard Global Total Return and Income Fund (NYSE: LGI) confirmed a monthly distribution of $0.15340 per share on its common stock, payable on October 22, 2026 to shareholders of record and with an ex-dividend date of October 13, 2026. A previously declared distribution is being paid on September 22, 2026.
For the current distribution, the Fund estimates sources per share of $0.03611 from net investment income (24%), $0.00045 from net realized short-term gains (0%), $0.05125 from net realized long-term gains (33%), and $0.06559 as return of capital (43%), totaling $0.15340. Fiscal year-to-date, cumulative distributions total $1.38060 per share, of which 13% is net income, 36% net realized long-term gains and 51% return of capital.
As of August 31, 2026, the 5-year average annual total return in relation to NAV is 5.76%, the annualized current distribution rate is 9.92% of NAV, fiscal year-to-date total return is 8.01%, and cumulative fiscal year distributions equal 6.62% of NAV. The Fund cautions that a portion of the distribution may be a non-yield return of capital and that the stated amounts and sources are estimates, not tax-reporting figures.