Core Viewpoint - Lazard, Inc. has appointed Tracy Farr as Chief Financial Officer effective February 1, 2026, succeeding Mary Ann Betsch, who will transition to a senior advisor role [1][2][3] Group 1: Leadership Transition - Tracy Farr has 20 years of finance experience, including over a decade at Lazard, where he was a Managing Director in the Capital Structure Advisory group [1][4] - Mary Ann Betsch has played a significant role in strengthening Lazard's financial foundation and will assist in the transition [2][3] Group 2: Strategic Goals - As CFO, Farr will focus on improving operational efficiency and driving profitable growth aligned with Lazard's 2030 goals [3] - Betsch expressed confidence in the firm's preparedness for future opportunities under Farr's leadership [3] Group 3: Company Background - Lazard, founded in 1848, is a leading financial advisory and asset management firm with a global presence [5] - The firm provides a range of services including mergers and acquisitions, capital markets solutions, and asset management [5]

Core Insights - Lazard, Inc. reported a net revenue of $907 million for Q4 2025, marking an 11% increase from $817 million in Q4 2024, and a full-year net revenue of $3,099 million, a 2% increase from $3,052 million in 2024 [4][40] - The company’s adjusted net income for Q4 2025 was $89 million, or $0.80 per share, a 5% increase from $85 million in Q4 2024, while the full-year adjusted net income was $266 million, or $2.44 per share, a 9% increase from $244 million in 2024 [2][45] - CEO Peter R. Orszag emphasized the successful execution of the Lazard 2030 long-term growth strategy, highlighting record revenues in Financial Advisory and significant inflows in Asset Management [3][7] Financial Performance - For Q4 2025, Financial Advisory generated net revenue of $542 million, a 4% increase from Q4 2024, while for the full year, it reported $1,834 million, also a 4% increase [5][45] - Asset Management reported net revenue of $367 million for Q4 2025, an 18% increase from Q4 2024, and $1,275 million for the full year, a 7% increase [11][12] - The company’s total assets under management (AUM) reached $254 billion as of December 31, 2025, a 12% increase from $226 billion a year earlier [14][49] Shareholder Returns - Lazard returned $98 million to shareholders in Q4 2025, including $47 million in dividends and $50 million in stock repurchases [25][27] - For the full year 2025, the total return to shareholders was $393 million, comprising $187 million in dividends and $91 million in stock repurchases [26][27] Cost Management - Compensation and benefits expense for Q4 2025 was $638 million, up from $534 million in Q4 2024, with an adjusted compensation ratio of 65.5% [15][16] - Non-compensation expenses for Q4 2025 were $183 million, consistent with Q4 2024, while adjusted non-compensation expenses were $159 million, a 3% increase [19][20] Strategic Developments - Tracy Farr has been appointed as the new Chief Financial Officer, indicating a strategic move to strengthen the leadership team [3] - Lazard's restructuring and liability management practice has been engaged in various significant mandates, showcasing its active role in the market [9]

NEW YORK, Jan. 28, 2026 /PRNewswire/ -- Lazard, Inc. (NYSE: LAZ) today announced that its Board of Directors has voted to declare a quarterly dividend of $0.50 per share on its outstanding common stock. The dividend is payable on February 20, 2026, to stockholders of record on February 9, 2026. About Lazard Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice ...

A former dealmaker at Lazard is negotiating a guilty plea to charges he leaked pending takeovers to associates who made $41 million from insider trading https://t.co/kLv53inv64 ...

Core Viewpoint - Lazard (LAZ) is anticipated to report a year-over-year decline in earnings due to lower revenues for the quarter ending December 2025, with the consensus outlook indicating potential impacts on its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for January 29, and if the results exceed expectations, the stock may rise; conversely, a miss could lead to a decline [2]. - The Zacks Consensus Estimate predicts quarterly earnings of $0.64 per share, reflecting an 18% decrease year-over-year, with revenues expected at $810.16 million, down 0.3% from the previous year [3]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 15%, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Lazard aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, but its predictive power is stronger for positive readings [9][10]. - Lazard currently holds a Zacks Rank of 5, which complicates predictions of an earnings beat [12]. Historical Performance - In the last reported quarter, Lazard exceeded the expected earnings of $0.41 per share by delivering $0.56, resulting in a surprise of +36.59% [13]. - Over the past four quarters, Lazard has consistently beaten consensus EPS estimates [14]. Conclusion - While Lazard does not appear to be a strong candidate for an earnings beat, investors should consider other factors when making decisions regarding the stock ahead of the earnings release [17].

Core Viewpoint - Lazard, Inc. will announce its fourth quarter and full year 2025 financial results on January 29, 2026, with a press release available on its website [1] Group 1: Financial Results Announcement - The financial results will be disclosed in a press release on January 29, 2026 [1] - A conference call to discuss the financial results will be held at 8:00 a.m. ET on the same day [2] - A replay of the conference call will be accessible by 10:00 a.m. ET on January 29, 2026 [3] Group 2: Company Overview - Lazard is a leading financial advisory and asset management firm, established in 1848 [4] - The company operates globally, providing services in mergers and acquisitions, capital markets, restructuring, and asset management [4] - Lazard is publicly traded on the New York Stock Exchange under the ticker LAZ [4]

Core Insights - Lazard, Inc. reported preliminary assets under management (AUM) of approximately $254.3 billion as of December 31, 2025, reflecting a market appreciation of $2.2 billion, foreign exchange appreciation of $1.5 billion, and net outflows of $0.3 billion [1][2] AUM Breakdown - As of December 31, 2025, the AUM consisted of: - Equity: $199,256 million, up from $196,171 million in November 2025 - Fixed Income: $45,642 million, an increase from $45,351 million in November 2025 - Other: $9,402 million, rising from $9,307 million in November 2025 - Total AUM: $254,300 million, compared to $250,829 million in November 2025 [2] Company Overview - Lazard, founded in 1848, is a leading financial advisory and asset management firm with a global presence across North and South America, Europe, the Middle East, Asia, and Australia. The firm provides advisory services on mergers and acquisitions, capital markets, restructuring, and asset management solutions to a diverse clientele including institutions, corporations, and high net worth individuals [2]

Group 1 - Lazard (LAZ) has underperformed compared to large-ticket advisory peers in terms of revenue performance [2] - The company experienced some faltered quarters during a major M&A recovery under the Trump administration [2] - The Valkyrie Trading Society is a team of analysts that focuses on high conviction and obscure developed market ideas, aiming for non-correlated and outsized returns [2] Group 2 - The Value Lab is an investment group that offers a portfolio with real-time updates, 24/7 chat support, and regular global market news reports [2] - The Value Lab targets a portfolio yield of about 4% and has performed well over the last five years by engaging in international markets [1]

Welcome back to Squawkbox. Want to get right to our next guest. Here to talk markets, the economy, the Fed, deal making, uh, M&A, AI, healthcare, and so much more is Peter Rosak.He's the CEO of Lazard, former director, of course, of the Office of Management and Budget under President Obama. And I always think in this role you have, you have a your finger on the pulse of the corner office of businesses around the world, frankly. And I think we're all trying to figure out where things really are.We'll get som ...

Group 1: Economic Outlook - The current economic environment is characterized by high confidence, but it is also described as bifurcated, particularly in the U.S. economy, which is increasingly reliant on AI [2][4] - The AI sector is experiencing significant growth, while other parts of the economy are stagnating [3][4] - There is uncertainty about whether the benefits of the AI boom will permeate through the broader economy or remain concentrated [3][4] Group 2: Job Market Implications - A potential jobs crisis is anticipated if the AI investments yield positive results, as labor markets struggle with rapid, large-scale disruptions [4] - There are concerns that the influx of AI may lead to a reduced need for traditional roles, particularly in professional services, although this has not yet been observed at Lazard [6][7] - The productivity of managing directors at Lazard has reportedly increased significantly, with a specific mention of a $1 million increase per managing director attributed to AI [7] Group 3: Company Strategy and AI Integration - Lazard is actively investing in AI to enhance the skills of its analysts and associates, aiming for a more efficient workforce [5][9] - The company is focused on leveraging collective knowledge across its teams to provide a competitive advantage in client interactions [9] - The training of new managing directors is expected to yield productivity benefits as they become acclimated to the firm's platform [8]