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Lazard Ltd. - LAZ STOCK NEWS

Welcome to our dedicated news page for Lazard Ltd. (Ticker: LAZ), a resource for investors and traders seeking the latest updates and insights on Lazard Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lazard Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lazard Ltd.'s position in the market.

News
Lazard Reports First-Quarter 2024 Results
Rhea-AI Summary
Lazard, Inc. (NYSE: LAZ) reported strong first-quarter 2024 results with record firm-wide adjusted net revenue. The Financial Advisory adjusted net revenue and Asset Management quarter-end AUM increased significantly. The net revenue was $765 million, with adjusted net revenue of $747 million. The first-quarter net income was $36 million or $0.35 per share, diluted. Adjusted net income was $67 million, or $0.66 per share, diluted. Notable M&A transactions contributed to the firm's growth, with Financial Advisory net revenue and adjusted net revenue up 63% year-over-year. Asset Management net revenue and adjusted net revenue were 4% higher year-over-year. Lazard's capital management and balance sheet remained robust, issuing $400 million of Senior Notes to refinance upcoming maturities and returning $121 million to shareholders in dividends and share repurchases. The company declared a quarterly dividend of $0.50 per share. The positive results reflect an improving M&A environment and strategic business evolution, positioning Lazard for continued growth and value creation for shareholders.
Rhea-AI Impact
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End-of-Day
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Lazard Declares Quarterly Dividend of $0.50 Per Share
Rhea-AI Summary
Lazard (NYSE: LAZ) declares a quarterly dividend of $0.50 per share, payable on May 17, 2024, to stockholders of record on May 6, 2024.
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Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in March
Rhea-AI Summary
Lazard Global Total Return and Income Fund, Inc. (LGI) declares a monthly distribution of $0.10459 per share, payable on May 22, 2024. The distribution consists of return of capital. The Fund's 5-year average annual total return is 9.69%, with an annualized current distribution rate of 6.80% as of March 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.94%
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none
News
Lazard and Elaia Partners Form Strategic Partnership, Including the Launch of Lazard Elaia Capital, a Technology Focused Private Equity Investment Platform
Rhea-AI Summary
Lazard and Elaia Partners have formed a strategic partnership to create Lazard Elaia Capital, a technology-focused private equity investment platform. The new company aims to support technology companies from seed to public listing, with a planned launch of an initial fund for Europe by 2025. Lazard has acquired a minority stake in Elaia Partners, with the potential to increase ownership to 100% over time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
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partnership
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News
Lazard to Announce First Quarter 2024 Financial Results
Rhea-AI Summary
Lazard, Inc. (NYSE: LAZ) will release its first quarter 2024 financial results on April 25, 2024. The company will host a conference call to discuss the results, accessible via webcast or phone. A replay will be available later on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.2%
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earnings
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Lazard Reports March 2024 Assets Under Management
Rhea-AI Summary
Lazard, Inc. (LAZ) reported preliminary assets under management of $250.4 billion as of March 31, 2024, with market appreciation of $5.3 billion, net outflows of $2.5 billion, and foreign exchange depreciation of $0.4 billion. The total AUM included Equity at $195.3 billion, Fixed Income at $47.2 billion, and Other at $8 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.04%
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none
News
Lazard Global Total Return and Income Fund Declares Monthly Distribution and Issues Estimated Sources of the Distribution Announced in February
Rhea-AI Summary
Lazard Global Total Return and Income Fund, Inc. (LGI) announces a monthly distribution of $0.10459 per share, payable on April 22, 2024, to shareholders of record on April 11, 2024. The Fund also paid a distribution on March 22, 2024. The distribution consists of return of capital. The Fund's 5-year average annual total return is 9.76%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
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none
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Lazard Announces Results of Cash Tender Offer of Lazard Group LLC
Rhea-AI Summary
Lazard, Inc. (NYSE: LAZ) announced the completion of a cash tender offer for its 3.750% Senior Notes due 2025, with $235,653,000 in Notes accepted. Holders will receive $987.80 per $1,000 principal amount of Notes, plus accrued interest. The Settlement Date is expected to occur on March 13, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
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Lazard Announces Closing of Senior Notes Offering by Lazard Group LLC
Rhea-AI Summary
Lazard, Inc. (NYSE: LAZ) completes a $400 million offering of 6.000% Senior Notes due 2031, intending to repurchase outstanding 3.750% Senior Notes due 2025. The offering was made under an effective shelf registration statement, with the remaining proceeds allocated for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
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none
News
Lazard Announces Total Consideration for Lazard Group LLC’s Cash Tender Offer for Its 3.750% Senior Notes Due 2025
Rhea-AI Summary
Lazard, Inc. (NYSE: LAZ) announces the Total Consideration for its cash tender offer of 3.750% Senior Notes due 2025, urging holders to read the Offer to Purchase and related documents before the Tender Offer's expiration. The Total Consideration per $1,000 principal amount of Notes is $987.80, with accrued interest payable up to the Settlement Date. The Tender Offer is subject to certain conditions and can be extended, amended, or terminated by Lazard Group.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
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none
Stock LAZ logo
Lazard Ltd.

NYSE:LAZ

LAZ Rankings

#1443 Ranked by Market Cap
#3558 Ranked by Stock Gains
#611 Ranked by Dividends

LAZ Stock Data

3.35B
83.99M
3.47%
55.49%
2.42%
Investment Banking and Securities Dealing
Finance and Insurance
Link
Bermuda
2 Church Street

About LAZ

lazard, one of the world’s preeminent financial advisory and asset management firms, operates from 43 cities across 27 countries in north america, europe, asia, australia, central and south america. with origins dating to 1848, the firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. social media disclosure: https://www.lazard.com/social-media-disclosure/