NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of February 29, 2024 totaled approximately $248.0 billion. The month’s AUM included market appreciation of $7.0 billion, net outflows of $2.0 billion and foreign exchange depreciation of $0.8 billion.   LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)         As of:   February 29, January 31,   20241 2024 Equit ...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its subsidiary Lazard Group LLC (“Lazard Group”) is commencing a cash tender offer (the “Tender Offer”) 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 expire at 5:00 p.m. (New York City time) on March 12, 2024, unless extended or ...

NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.10459 per share on the Fund’s outstanding common stock. The distribution is payable on March 22, 2024 to shareholders of record on March 12, 2024. The ex-dividend date is March 11, 2024. The Fund will pay a previously declared distribution today, February 22, 2024 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ FORM 10-K __________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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 (I.R.S. Employer Identification No.) 30 Rockefeller ...

Javier Ghersi/Moment via Getty Images An Established, Old Firm with New CEO Rounding out my series of articles this week on the financials sector, today I went diving into the waters of investment banking again in search of a stock for under $40 in this sector, and I came across a long-established firm called Lazard (NYSE:LAZ), which recently had its latest earnings results announced on Feb. 1st. Some key points that set this firm apart, from its SA profile, are that it has been in business since 1848, ...

Lazard, Inc. (LAZ) announced a preliminary asset under management (AUM) balance of $243.8 billion for January 2024. This reflects a 1.1 % decline from $246.7 billion as of Dec 31, 2023.The drop in January AUM was primarily due to foreign exchange depreciation of $2.3 billion and net outflows of $2.1 billion, whereas market appreciation of $1.6 billion softened the impact.Lazard’s equity AUM dropped 0.9% from the prior month to $1.88 billion. Fixed-income AUM of $47.3 billion fell 1.5% sequentially. Also, ot ...

NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management (“AUM”) as of January 31, 2024 totaled approximately $243.8 billion. The month’s AUM included foreign exchange depreciation of $2.3 billion, net outflows $2.1 billion and market appreciation of $1.6 billion. LAZARD, INC. ASSETS UNDER MANAGEMENT (“AUM”) (unaudited) ($ in millions)     As of:   January 31, December 31,   20241 2023 Equity ...

Lazard Inc.’s (LAZ) shares jumped 5.36% following the release of its fourth-quarter and full-year 2023 results. Quarterly adjusted earnings per share of 66 cents beat the Zacks Consensus Estimate of 35 cents. However, the bottom line compared unfavorably with the prior-year quarter’s earnings of 69 cents per share.The results benefited from increased revenues and assets under management (AUM) balances. Nonetheless, higher expenses acted as spoilsports.Lazard’s net income (GAAP) was $63.6 million, which incr ...

Lazard, Inc. (NYSE:LAZ) Q4 2023 Earnings Conference Call February 1, 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 Ryan Kenny - Morgan Stanley Devin Ryan - JMP Securities Steven Chubak - Wolfe Research Brennan Hawken - UBS Jim Mitchell - Seaport Global James Yaro - Goldm ...

Lazard (LAZ) reported $760.96 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.4%. EPS of $0.66 for the same period compares to $0.69 a year ago.The reported revenue represents a surprise of +16.10% over the Zacks Consensus Estimate of $655.42 million. With the consensus EPS estimate being $0.35, the EPS surprise was +88.57%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...