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.
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'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's position in the market.
Rhea-AI Summary
Lazard, Inc. (LAZ) reported a total AUM of $248.0 billion as of February 29, 2024, with market appreciation of $7.0 billion, net outflows of $2.0 billion, and foreign exchange depreciation of $0.8 billion. The breakdown includes $192.7 billion in Equity, $47.3 billion in Fixed Income, and $8.1 billion in Other assets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.57%
Tags
-
Rhea-AI Summary
Lazard, Inc. initiates a cash tender offer for its 3.750% Senior Notes due 2025. The offer expires on March 12, 2024, with a Total Consideration determined based on UST Reference Security. Holders are advised to review the Offer to Purchase before participating.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.99%
Tags
-
Rhea-AI Summary
Lazard, Inc. (LAZ) announces the commencement of an offering of senior notes by its subsidiary Lazard Group LLC, along with a cash tender offer for outstanding 3.750% Senior Notes due 2025. The proceeds from the Offering will be used to repurchase the 2025 Notes, pay related fees, and for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.99%
Tags
Rhea-AI Summary
Lazard Global Total Return and Income Fund, Inc. (LGI) announces a monthly distribution of $0.10459 per share, payable on March 22, 2024. The distribution comprises 100% return of capital. The fund's 5-year average annual total return is 9.58%, with a current distribution rate of 7.13% of NAV as of January 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.66%
Tags
-
Rhea-AI Summary
Lazard, Inc. (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $243.8 billion as of January 31, 2024. The AUM included foreign exchange depreciation of $2.3 billion, net outflows of $2.1 billion, and market appreciation of $1.6 billion. The breakdown of AUM by asset class showed Equity at $188.36 billion, Fixed Income at $47.39 billion, and Other at $8.08 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
Tags
-
Rhea-AI Summary
Lazard, Inc. (NYSE: LAZ) reported net revenue of $806 million and operating revenue of $761 million for the fourth quarter of 2023. The U.S. GAAP net income was $64 million or $0.65 per share, diluted. The annual net revenue was $2,515 million, with a net loss of $75 million. Lazard's Financial Advisory operating revenue was $477 million for the fourth quarter, 18% higher than the same period in 2022. Asset Management operating revenue was $274 million, 6% higher than the fourth quarter of 2022. The company returned $330 million to shareholders in 2023. Lazard's financial position remains strong with $971 million in cash and cash equivalents as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.36%
Tags
Rhea-AI Summary
Lazard, Inc. (LAZ) has declared a quarterly dividend of $0.50 per share on its outstanding common stock, payable on February 23, 2024, to stockholders of record on February 12, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.36%
Tags
-
Rhea-AI Summary
Lazard Asset Management announced that Tomohiro Kamisaku will become the new CEO of Lazard Japan Asset Management KK, succeeding Yugo Ishida, who will retire as CEO and become a Senior Advisor. The move aims to expand the firm's client base in Japan and deepen relationships with Japanese financial institutions. Kamisaku's extensive experience in the Japanese market positions him to lead these efforts effectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
Tags
-
Rhea-AI Summary
Lazard, Inc. (LAZ) announced the appointment of former PayPal CEO Dan Schulman and former US Chairman and Managing Partner of the Americas for Ernst & Young, Stephen R. Howe Jr., to its Board of Directors, effective February 1, 2024. The expansion of the Board reflects the company's focus on building and strengthening Lazard for future growth. Schulman and Howe bring extensive leadership and financial expertise to guide the organization as it embarks on its next chapter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
Tags
Rhea-AI Summary
Lazard Global Total Return and Income Fund, Inc. (LGI) has confirmed a monthly distribution of $0.10459 per share on its outstanding common stock, payable on February 22, 2024. The distribution consists of a 100% return of capital. The average annual total return for the 5-year period ending on December 31, 2023, was 11.59%. The annualized current distribution rate expressed as a percentage of NAV as of December 31, 2023, was 6.25%. The cumulative total return for the fiscal year through December 31, 2023, was 19.68%, with cumulative fiscal year distributions as a percentage of NAV as of December 31, 2023, at 2.60%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
Lazard, Inc.
NYSE:LAZ
LAZ Rankings
LAZ Stock Data
3.59B
83.99M
3.47%
55.49%
2.42%
Investment Banking and Securities Dealing
Finance and Insurance
United States of America
NEW YORK
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/