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.
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Lazard Ltd (NYSE: LAZ) has declared a quarterly dividend of $0.47 per share on its common stock. This dividend will be payable on May 21, 2021, to stockholders recorded as of May 10, 2021. Lazard is recognized globally for its financial advisory and asset management services, operating in over 40 cities and 25 countries. The firm, with a history dating to 1848, provides guidance on mergers, acquisitions, capital structure, and corporate finance.
Lazard Ltd (NYSE: LAZ) will issue its first-quarter 2021 financial results on April 30, 2021. The press release will be accessible on Lazard’s website. Following the release, a conference call is scheduled for 8:00 a.m. EDT to discuss these results. Interested parties can access the call via a live audio webcast or by dialing in. A replay will also be available later that day. Lazard is a prominent financial advisory and asset management firm with a global presence, offering services in mergers, acquisitions, and corporate finance. For more information, visit www.lazard.com.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) of approximately $264.9 billion as of March 31, 2021. This figure reflects market appreciation of $8.2 billion, net outflows of $0.8 billion, and foreign exchange depreciation of $3.2 billion. The average AUM for the quarter stood at $261.5 billion. The equity segment showed a growth from $209.8 billion to $215.5 billion, while fixed income decreased from $45.6 billion to $44.2 billion.
Lazard Ltd (NYSE: LAZ) announced that Lazard Fintech Acquisition Corp. I (LFTA) and Lazard Healthcare Acquisition Corp. I (LHCA) have filed registration statements with the SEC for proposed initial public offerings of 25,000,000 units each at $10.00 per unit. Each unit consists of one Class A ordinary share and one-fifth of a redeemable warrant. The offerings are distinct and not dependent on one another, with no assurance on completion. Goldman Sachs is the book-running manager for both offerings. The registration statements are pending effectiveness.
Lazard Ltd (NYSE: LAZ) announced its preliminary assets under management (AUM) as of February 28, 2021, totaling approximately $260.7 billion. Key factors contributing to this figure include market appreciation of $5.6 billion, net inflows of $0.2 billion, and foreign exchange depreciation of $0.3 billion. The AUM breakdown reveals $209.8 billion in equity, $45.6 billion in fixed income, and $5.3 billion in other assets. The report emphasizes Lazard's commitment to delivering financial advisory and asset management services globally.
Lazard Growth Acquisition Corp. I successfully closed its initial public offering, issuing 57,500,000 units at $10.00 per unit, with additional units purchased by the underwriter. The units are listed on Nasdaq under the symbol LGACU, comprising one Class A ordinary share and one-fifth of a warrant, exercisable for a Class A share at $11.50.
The Company aims to engage in mergers and acquisitions in various sectors, notably healthcare, technology, and energy transition, without geographic limitations.
Lazard Ltd (NYSE: LAZ) announced preliminary assets under management (AUM) of approximately $255.2 billion as of January 31, 2021. This figure reflects a decrease due to market depreciation of $1.2 billion, foreign exchange depreciation of $1.1 billion, and net outflows of $1.1 billion. The AUM comprises $206.2 billion in equity, $43.9 billion in fixed income, and $5.1 billion in other assets. Comparatively, total AUM was $258.6 billion on December 31, 2020.
Lazard Growth Acquisition Corp. I has announced the pricing of its initial public offering, consisting of 50,000,000 units at $10.00 each. The units, including a Class A ordinary share and a redeemable warrant, will start trading on Nasdaq under ticker symbol 'LGACU' on February 10, 2021, with the offering expected to close on February 12, 2021. The company aims to pursue opportunities in various sectors such as healthcare and technology. Goldman Sachs is the sole book-runner, with an option for over-allotments of 7,500,000 units.
Lazard Ltd (NYSE: LAZ) reported annual operating revenue of $2,524 million for 2020, slightly down 1% from 2019. Adjusted net income was $410 million, or $3.60 per share, marking a 7% increase from the prior year. In Q4 2020, adjusted net income reached $192 million, a 147% surge year-over-year. Financial Advisory revenue was $1,403 million, up 3%, while Asset Management revenue fell 4% to $1,111 million. The firm returned $365 million to shareholders in 2020. They ended the year with $259 billion in assets under management, a 4% increase from 2019.
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