Welcome to our dedicated page for Lazard news (Ticker: LAZ), a resource for investors and traders seeking the latest updates and insights on Lazard stock.
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 Asset Management (NYSE: LAZ) appointed Chris Bricker as Head of Corporate Development and Theodore P. “TP” Enders as Head of Product, effective as part of its long-term growth strategy. Bricker will lead the corporate development and strategic growth agenda, reporting to CEO Chris Hogbin.
Enders will oversee global product strategy, reporting to COO Rosalie Berman, focusing on evolving LAM’s product platform and translating investment expertise into scalable, client-focused solutions. According to Lazard, both roles support the firm’s Lazard 2030 plan. As of June 30, 2026, Lazard’s asset management businesses managed approximately $285 billion of client assets.
Lazard (NYSE: LAZ) reported second‑quarter 2026 net revenue of $808 million (up 1% year over year) and adjusted net revenue of $786 million (up 2%). U.S. GAAP net income was $5 million, or $0.03 per diluted share, while adjusted net income was $13 million, or $0.12 per share, both sharply below 2025 levels.
For the first half of 2026, net revenue was $1,564 million (up 8%) and adjusted net revenue $1,459 million (up 3%). GAAP net income was $106 million (EPS $0.94), and adjusted net income $60 million (EPS $0.54). Financial Advisory revenue declined 9% in the quarter, while Asset Management revenue rose 20% with average AUM up 17% to $279 billion and period‑end AUM at a record $285 billion.
The adjusted compensation ratio increased to 69.9%, and the adjusted non‑compensation ratio to 21.8%. Lazard returned $277 million to shareholders in the first half, authorized an additional $200 million in share repurchases (total authorization about $257 million), and declared a quarterly dividend of $0.50 per share.
Lazard Global Total Return and Income Fund (NYSE: LGI) confirmed a monthly distribution of $0.15340 per share under its Managed Distribution Policy. The distribution is payable on August 21, 2026 to shareholders of record and ex-dividend on August 10, 2026.
According to the Fund, the current distribution is estimated to consist of $0.06242 (41%) net realized long-term capital gains and $0.09098 (59%) return of capital, with no net investment income or short-term gains. Fiscal year-to-date distributions total $1.07380 per share, including 9% from net income, 36% from net realized long-term gains, and 55% from return of capital.
As of June 30, 2026, the Fund reports a 5-year average annual total return on NAV of 5.95%, an annualized current distribution rate of 10.08% of NAV, a fiscal year-to-date total return on NAV of 4.56%, and cumulative fiscal-year distributions equal to 5.04% of NAV. Lazard Asset Management, an indirect subsidiary of Lazard (NYSE: LAZ) and the Fund's manager, reports $284.7 billion in client assets under management as of the same date.
Lazard (NYSE: LAZ) announced that its Board of Directors declared a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend will be payable on August 14, 2026, to stockholders of record as of August 3, 2026.
Lazard (NYSE: LAZ) released its 19th annual Levelized Cost of Energy+ (LCOE+) report, highlighting how unprecedented U.S. power demand growth and rising new-build costs across all technologies are reshaping views on the generation mix, reliability and affordability.
The 2026 LCOE+ finds that, on an unsubsidized basis, renewables remain the lowest-cost form of new-build generation and are expected to drive most near-term capacity additions, even as costs rise. Lazard notes increased announced new gas generation despite a 15-year high LCOE, growing competitiveness of existing generation due to higher replacement costs, rising standalone storage costs driven by tariffs and supply-chain shifts, and the need to accelerate permitting and grid infrastructure investment to maintain reliability with a diverse fleet.
Lazard (NYSE: LAZ) reported preliminary assets under management of approximately $284.7 billion as of June 30, 2026. June AUM reflected $2.3 billion in market appreciation, $3.3 billion of FX depreciation, and a $0.8 billion net increase, including a $1.0 billion uplift from acquiring a controlling interest in Elaia Partners and $0.2 billion of net outflows.
Preliminary average AUM for the quarter ended June 30, 2026 was $279.1 billion, with positive net flows of $7.4 billion for the first half of 2026. By asset class at June 30, 2026, AUM was: Equity $214.4 billion, Fixed Income $35.0 billion, Multi Asset $24.5 billion, and Alternatives $10.8 billion, for total AUM of $284.7 billion, preliminary and subject to adjustment.
Lazard (NYSE: LAZ) appointed Kathy Elsesser to its Board of Directors, effective July 7, 2026, succeeding retiring director Andrew M. Alper after more than 13 years of service.
Elsesser brings decades of investment banking, consumer, retail and healthcare advisory experience, supporting Lazard's Financial Advisory momentum and long-term Lazard 2030 strategy.
Lazard (NYSE:LAZ) will release its second quarter and first half 2026 financial results on Thursday morning, July 23, 2026. The release will appear in the News & Announcements section of Lazard's website.
The company will host a conference call at 8:00 a.m. ET on July 23, 2026, accessible via live audio webcast through the Investor Relations section of its website or by phone using conference ID LAZQ226. A replay will be available online and by phone from 10:00 a.m. ET the same day.
Lazard Global Total Return and Income Fund (NYSE:LGI) confirmed a monthly distribution of $0.15340 per share, payable July 22, 2026, to shareholders of record and ex-dividend on July 10, 2026.
The fund estimates the July distribution consists of 14% net income, 2% short-term gains, and 84% long-term gains, with no return of capital. Fiscal year-to-date distributions total $0.92040 per share, about 51% of which are estimated as return of capital.
As of May 31, 2026, the fund reports a 5-year average annual total return on NAV of 5.71%, an annualized current distribution rate of 10.17% of NAV, and a 2.75% fiscal year-to-date total return on NAV.
Lazard (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $284.8 billion as of May 31, 2026, up from $275.4 billion in April 2026.
According to Lazard, May AUM reflected $11.6 billion of market appreciation, $1.4 billion of net outflows and $0.7 billion of FX depreciation.
Equity AUM was $214.9 billion, fixed income $35.8 billion, multi asset $24.7 billion, and alternatives $9.5 billion.