Lazard: Floating On The M&A Tide

Group 1 - Lazard, Inc. is characterized as a 'good co./bad co.' type stock, with over 60% of its revenue coming from a top-notch independent M&A advisory firm and less than 40% from a traditional asset management business that is currently facing challenges [1] - The company has unique cross-border capabilities in its M&A advisory services, which distinguishes it from competitors [1]