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 Ltd (LAZ) maintains its position as a global leader in financial advisory and asset management through strategic insights and operational excellence. This dedicated news hub provides investors with essential updates on corporate developments, market strategies, and financial performance.
Access authoritative reports on mergers & acquisitions, quarterly earnings disclosures, leadership changes, and regulatory filings. Our curated collection simplifies tracking LAZ's advisory engagements in restructuring and capital markets while monitoring its asset management division's international equity strategies.
Key updates include detailed analyses of cross-border transactions, institutional client partnerships, and operational expansions across 27 countries. Professionals rely on this resource for timely insights into LAZ's advisory role in complex corporate finance matters and its evolving position in global capital markets.
Bookmark this page for structured access to press releases and expert commentary. Regular updates ensure you remain informed about LAZ's strategic direction and industry impact without promotional bias.
Lazard Ltd (NYSE: LAZ) reported record operating revenue of $702 million for Q3 2021, up 23% from Q3 2020. Adjusted net income for the quarter was $111 million, or $0.98 per share, reflecting a 46% increase. Year-to-date, revenue reached $2.171 billion, a 30% rise, with adjusted net income of $358 million. Financial Advisory revenue also saw a record high of $381 million, and average assets under management (AUM) hit $278 billion, a 23% increase. The firm returned $103 million to shareholders, including dividends and share repurchases, and maintains a robust financial position.
Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share, scheduled for payment on November 19, 2021, to stockholders recorded by November 8, 2021. The firm, with a legacy dating back to 1848, focuses on financial advisory and asset management across 41 cities in 26 countries. Lazard provides essential services in mergers and acquisitions, restructuring, capital raising, and more for various clients, including corporations and governments.
Lazard Ltd (NYSE: LAZ) has published its annual Levelized Cost of Energy Analysis (LCOE 15.0), highlighting the cost-competitiveness of renewable energy technologies. The study indicates that while costs for onshore wind and solar have declined, capital cost inflation and supply chain disruptions may lead to increased future costs. Additionally, the Levelized Cost of Storage Analysis (LCOS 7.0) shows mixed trends due to supply constraints. The Levelized Cost of Hydrogen Analysis (LCOH 2.0) emphasizes hydrogen's potential but notes it remains more expensive than traditional fuels.
Lazard Ltd (NYSE: LAZ) announced the appointment of Luba Kotzeva de Diaz as Managing Director in Investment Banking, effective from November 1, 2021. Based in London, she brings significant expertise in energy transition and renewables, previously serving 22 years at Rothschild & Co, where she specialized in power and infrastructure. This strategic addition aims to strengthen Lazard's European Energy and Renewables Group amid increasing client focus on energy transition. Her extensive international network is expected to enhance Lazard's advisory capabilities in the sector.
The Board of Directors of Lazard Global Total Return and Income Fund (NYSE:LGI) has announced a monthly distribution of
Lazard Ltd (NYSE: LAZ) will announce its third-quarter and nine-month 2021 results on October 29, 2021. The press release will be available on Lazard’s website. A conference call discussing the financial results will take place at 8:00 a.m. EDT on the same day, accessible via live audio webcast or by phone. A replay will be available after 10:00 a.m. EDT. Lazard is a leading financial advisory and asset management firm with operations in 41 cities across 26 countries. Further details can be found on their official website.
Lazard Ltd (NYSE: LAZ) has appointed
William M. Lewis, Jr. has joined Lazard's Board of Directors as of April 29, 2022, while announcing his retirement from the firm on November 12, 2022. Lewis has served as a Managing Director for 17 years, most recently as Chairman of Investment Banking. He will transition to Apollo Global Management as a Senior Partner on November 15. Kenneth M. Jacobs, CEO of Lazard, praised Lewis as an influential investment banker and advisor to high-profile CEOs.
Lazard Ltd (NYSE: LAZ) reported preliminary assets under management (AUM) of approximately $272.6 billion as of September 30, 2021. This figure includes $6.3 billion in market depreciation, $2.6 billion in foreign exchange depreciation, and $1.3 billion in net outflows. The average AUM for the quarter was $277.9 billion. In comparison, AUM was $282.8 billion at the end of August 2021.
The report highlights a decline in AUM owing to various market factors and outflows.
Lazard Ltd (NYSE: LAZ) has announced the recruitment of Andrew Sweet as a Managing Director in their Charlotte office, focusing on the Industrials Group. Sweet, who has over 15 years of experience in M&A, private capital raising, and public financing, previously held positions at Stephens, Inc. and Hyde Park Capital. The firm, which operates in 41 cities worldwide, continues to enhance its advisory services to clients across various sectors.
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