Lazard, Inc. (LAZ) reported its preliminary asset under management (AUM) balance of $240.8 billion for April 2024. This reflected a 3.8% decline from $250.4 billion as of Mar 31, 2024. The downfall in AUM balance was due to a market depreciation of $4.4 billion, net outflows of $3.6 billion and foreign exchange depreciation of $1.6 billion. In April, Lazard's equity assets and fixed income declined 3.9% each from the prior month's level to $187.6 billion and $45.4 billion, respectively. Other income dipped ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 10-Q ____________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________to ________ 001-32492 (Commission File Number) _____________________________ ...

Lazard Inc.’s (LAZ) first-quarter adjusted earnings per share of 66 cents beat the Zacks Consensus Estimate of 58 cents. This company had incurred a loss of 26 cents per share in the year-ago quarter.Results benefited from increased revenues and assets under management (AUM) balances. However, higher expenses acted as spoilsports.The company’s shares declined 1% following the release of its first-quarter 2024 results.Lazard’s net income (GAAP) was $35.8 million against a loss of $22.2 million reported in th ...

Lazard, Inc. (NYSE:LAZ) Q1 2024 Earnings Conference Call April 25, 2024 8:00 AM ET Company Participants Alexandra Deignan - Head of Investor Relations, Treasury & Corporate Sustainability Peter Orszag - Chief Executive Officer Mary Ann Betsch - Chief Financial Officer Evan Russo - Chief Executive Officer, Asset Management Conference Call Participants Brendan O'Brien - Wolfe Research Brennan Hawken - UBS James Yaro - Goldman Sachs Devin Ryan - JMP Securities Ryan Kenny - Morgan Stanley Operator Good morning ...

Lazard (LAZ) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to loss of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.79%. A quarter ago, it was expected that this company would post earnings of $0.35 per share when it actually produced earnings of $0.66, delivering a surprise of 88.57%.Over the last four quarters, the company has surpassed ...

LAZARD REPORTS FIRST-QUARTER 2024 RESULTS NEW YORK, April 25, 2024 – Lazard, Inc. (NYSE: LAZ) today reported net revenue of $765 million and adjusted net revenue of $747 million for the quarter ended March 31, 2024. On a U.S. GAAP basis, first- quarter 2024 net income was $36 million or $0.35 per share, diluted. Adjusted net income was $67 million, or $0.66 per share, diluted, for the quarter. 1 2 "Lazard's record first-quarter revenue reflects an improving M&A environment and reinforces our outlook for a p ...

Lazard, Inc. (LAZ) reported its preliminary asset under management (AUM) balance of approximately $248 billion for February 2024. This indicates a 1.7% increase from $243.8 billion as of Jan 31, 2024.The improvement in AUM balance for the month of February was driven by a market appreciation of $7 billion. However, it was partially offset by net outflows of $2 billion and foreign exchange depreciation of $0.8 billion.In February, Lazard’s equity assets increased 2.3% from the prior month’s level to $192.7 b ...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today the expiration and final results of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”). The Tender Offer expired at 5:00 p.m. (New York City time) on March 12, 2024 (the “Expiration Time”). The terms and conditions of the Tender Offer were described by Lazard Group in an Offer to Purchas ...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) has completed its previously announced offering (the “Offering”) of $400,000,000 aggregate principal amount of 6.000% Senior Notes due 2031 (the “Notes”). The Notes were issued by Lazard Group and were offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The Notes are senior unsecured obligations of Lazard Group. Lazard Group p ...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today the Total Consideration as set forth in the table below in respect of the previously announced cash tender offer (the “Tender Offer”) of its subsidiary Lazard Group LLC (“Lazard Group”) for any and all of its outstanding 3.750% Senior Notes due February 13, 2025 (the “Notes”). The Tender Offer is being made upon the terms and conditions in the Offer to Purchase and related Letter of Transmittal dated March 6, 2024. The Tender Offer will ex ...