Lazard Ltd Stock Price, News & Analysis

Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $204.6 billion as of October 31, 2022. This figure reflects a market appreciation of $8.0 billion, net outflows of $1.8 billion, and foreign exchange appreciation of $0.6 billion. The AUM report indicates an increase from $197.8 billion at the end of September 2022. In equity, AUM rose to $160.2 billion, while fixed income increased to $39.0 billion. Lazard continues to provide asset management and financial advisory services worldwide.

Lazard Ltd (NYSE: LAZ) reported record operating revenue of $724 million for Q3 2022, a 3% increase compared to Q3 2021. Adjusted net income was $106 million or $1.05 per diluted share. For the first nine months of 2022, net income, as adjusted, totaled $317 million, down 11% from the previous year. The company returned $812 million to shareholders, including repurchasing 17.2 million shares. Despite challenges in asset management, Lazard remains committed to delivering long-term value through diversified services and robust capital management.

Lazard Ltd (NYSE: LAZ) has announced a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is scheduled for payment on November 18, 2022, to stockholders of record as of November 7, 2022. This decision reflects the company's commitment to returning value to its shareholders while maintaining operational stability.

Operating in 41 cities across 26 countries, Lazard specializes in financial advisory and asset management services, contributing to its longstanding reputation since 1848.

Lazard Ltd (NYSE: LAZ) has secured a new U.K. headquarters at 20 Manchester Square, London, set to occupy over 78,500 sq. ft by early 2025. This seven-storey building will house its Financial Advisory and Asset Management businesses. Lazard signed a 15-year lease with Invesco Real Estate beginning mid-2024. The HQ emphasizes sustainability, committing to net zero carbon in construction, aligned with the U.K. Green Building Council framework. This investment aims to benefit clients and further solidify Lazard's London presence.

Lazard Ltd (NYSE: LAZ) will release its third-quarter and nine-month 2022 results on October 27, 2022. The press release will be available on Lazard's website. A conference call for discussing financial results will take place at 8:00 a.m. EDT on the same day. Interested parties can access the call via webcast or phone. A replay will be available shortly after the call. Lazard is a leading financial advisory and asset management firm, operating globally since 1848 and offering a range of financial services to various clients.

Lazard Ltd (NYSE: LAZ) has appointed Jami Miscik as a Senior Advisor for its Geopolitical Advisory group, effective immediately. Based in Los Angeles, Miscik brings nearly 40 years of experience intersecting intelligence, government, and financial services. Her background includes being CEO of Kissinger Associates and a former Deputy Director for Intelligence at the CIA. The new advisory group aims to guide corporate leaders in navigating risks and opportunities in a volatile geopolitical landscape, combining expert insights with Lazard's business acumen.

Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) for September 30, 2022, totaling approximately $197.8 billion. This figure reflects a market depreciation of $14.8 billion, foreign exchange depreciation of $3.4 billion, and net outflows of $1.0 billion. The average AUM for the quarter was $212.3 billion. The total equity decreased from $170.7 billion in August 2022 to $153.7 billion in September 2022, indicating a significant decline in market conditions affecting the firm's performance.