Core Insights - Lazard reported revenue of $769.87 million for the quarter ended June 2025, reflecting a 12.5% increase year-over-year and surpassing the Zacks Consensus Estimate of $688.5 million by 11.82% [1] - The company's EPS was $0.52, consistent with the previous year's quarter, and exceeded the consensus EPS estimate of $0.38 by 36.84% [1] Financial Performance - Assets under management at the end of the period reached $248.36 billion, exceeding the average estimate of $236.20 billion [4] - Total Fixed Income assets under management were $47.06 billion, above the average estimate of $45.12 billion [4] - Net flows were positive at $0.68 billion, contrasting with the estimated outflow of $3.51 billion [4] - Adjusted net revenue from Asset Management was $268.49 million, slightly above the estimated $261.01 million, marking a 1.2% increase year-over-year [4] - Adjusted net revenue from Financial Advisory was $491.36 million, significantly higher than the estimated $417.05 million, representing a 20.5% year-over-year increase [4] - Adjusted net revenue from Corporate was $10.02 million, exceeding the estimate of $9.44 million, but showing a decline of 12.8% compared to the previous year [4] Market Performance - Lazard's shares have returned 17.4% over the past month, outperforming the Zacks S&P 500 composite's 5.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Financial Performance - Blackstone's earnings per share exceeded estimates by $0.11 [1] - Blackstone's revenue reached $3.1 billion, surpassing expectations [1] - Total assets under management increased by 13% year-over-year, reaching $1.2 trillion [1] Business Development & Strategy - Blackstone experienced the most significant fund appreciation in nearly four years [3] - Blackstone raised an additional $52 billion in inflows [3] - Blackstone anticipates a cyclical upturn driven by a revitalized deal environment [3] - Blackstone sees secular trends in private wealth, private credit, and infrastructure contributing to long-term growth [4] - Blackstone's private equity companies experienced high single-digit revenue growth and margin expansion in Q2 [6] Market & Industry Outlook - Blackstone observes resilience in its portfolio companies, despite challenges in manufacturing and retailing [6] - Blackstone notes that default rates among non-investment grade borrowers are low, at just 50 basis points [8] - Blackstone identifies AI, energy, and digital infrastructure as potential drivers of productivity and economic growth [9] - Blackstone acknowledges the risk of excesses in the data center and AI energy space due to significant investment [10][11][12] - The digital infrastructure sector requires new power capabilities and generation to support growing demand, with a focus on consumer needs [16]

Financial Performance - AllianceBernstein reported a GAAP net income of $0.64 per unit and an adjusted net income of $0.76 per unit for the second quarter of 2025, with cash distribution also at $0.76 per unit [1][38]. - Total net revenues for the second quarter were $1.1 billion, reflecting a 5.9% increase from $1.0 billion in the same quarter of 2024 [12][37]. - Operating income increased by 11.4% to $222 million compared to $199 million in the second quarter of 2024, while the operating margin improved to 20.7% [17][37]. Assets Under Management - Assets under management (AUM) reached a record high of $829.1 billion, up 7.7% from $769.5 billion year-over-year and up 5.7% from $784.5 billion in the previous quarter [6][38]. - The average AUM for the quarter was $799.5 billion, an increase of 5.8% from $755.5 billion in the same quarter of 2024 [6][38]. Net Flows - The firm experienced total net outflows of $6.7 billion in the second quarter, contrasting with net inflows of $2.4 billion in the first quarter of 2025 [7][9]. - Retail active equities saw net outflows of $3.7 billion, while institutional active net flows were positive, driven by $1 billion into taxable fixed income and alternatives/multi-asset [3][8]. Market Conditions - The second quarter of 2025 was characterized by improved investor sentiment as geopolitical tensions eased, leading to positive returns in risk assets [2][4]. - Global equity markets, including the S&P 500 and MSCI EAFE, reported total returns of 10.9% and 12.1%, respectively, during the quarter [5]. Operational Highlights - The company reported a 4% increase in investment advisory base fees year-over-year, with adjusted operating income rising by 7% [2][24]. - Employee headcount increased to 4,380 as of June 30, 2025, compared to 4,264 a year earlier [26]. Distribution and Shareholder Returns - The cash distribution per unit of $0.76 is scheduled for payment on August 14, 2025, to holders of record as of August 4, 2025 [3][11].

Core Insights - Invesco reported $1.1 billion in revenue for Q2 2025, a year-over-year increase of 1.7%, but the EPS decreased to $0.36 from $0.43 a year ago, indicating a decline in profitability [1] - The revenue fell short of the Zacks Consensus Estimate by -0.54%, and the EPS was -12.2% below the consensus estimate [1] Financial Performance Metrics - Invesco's shares have returned +35.3% over the past month, significantly outperforming the Zacks S&P 500 composite's +5.9% change, and the stock holds a Zacks Rank 1 (Strong Buy) [3] - Assets Under Management (AUM) for ETFs and Index reached $546.90 billion, exceeding the average estimate of $512.82 billion [4] - Total average AUM was reported at $1,897.40 billion, higher than the estimated $1,855.71 billion [4] - AUM for Fundamental Fixed Income was $301.60 billion, surpassing the estimate of $297.02 billion [4] - AUM for Private Markets was $131.20 billion, above the average estimate of $129.82 billion [4] - AUM for China JV & India was $120.20 billion, compared to the estimate of $114.48 billion [4] - AUM for Multi-Asset/Other was $64.10 billion, exceeding the estimate of $60.48 billion [4] - AUM for Global Liquidity was $196.40 billion, slightly below the estimate of $197.85 billion [4] - AUM for QQQs was $352.70 billion, significantly higher than the estimate of $314.54 billion [4] - Average AUM for ETFs & Index was $509.70 billion, above the estimate of $501.91 billion [4] Revenue Breakdown - Operating revenues from Other revenues were $48.2 million, below the estimate of $53.25 million, but showed a +2.1% year-over-year change [4] - Service and distribution fees generated $363.8 million, lower than the estimated $375.77 million, with a year-over-year change of +0.6% [4] - Performance fees were reported at $2.6 million, significantly below the average estimate of $8.99 million, reflecting a -70.1% year-over-year decline [4]

Core Insights - Wall Street analysts forecast that Lazard (LAZ) will report quarterly earnings of $0.38 per share, reflecting a year-over-year decline of 26.9%, with anticipated revenues of $688.5 million, showing a slight increase of 0.6% compared to the previous year [1] Earnings Estimates - Over the last 30 days, there has been a downward revision of 1.3% in the consensus EPS estimate for the quarter, indicating a collective reconsideration by covering analysts [2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock price performance [3] Key Metrics Projections - Analysts project 'Adjusted net revenue - Asset Management' at $261.01 million, indicating a year-over-year decline of 1.6% [5] - The estimate for 'Adjusted net revenue - Financial Advisory' is $417.05 million, reflecting a year-over-year increase of 2.2% [5] - 'Adjusted net revenue - Corporate' is expected to reach $9.44 million, suggesting a significant year-over-year decline of 17.8% [5] Assets Under Management - 'Assets under management - Total Fixed Income' is estimated at $45.12 billion, down from $46.11 billion year-over-year [6] - 'Assets under management - Total Equity' is projected to be $182.45 billion, compared to $190.43 billion from the previous year [6] - The estimated 'Assets under management - End of Period' is $236.20 billion, down from $244.67 billion year-over-year, while 'Assets under management - End of Period - Other' is expected to reach $8.64 billion, up from $8.13 billion [7] Stock Performance - Lazard shares have increased by 16.4% in the past month, outperforming the Zacks S&P 500 composite, which rose by 5.9% [7] - With a Zacks Rank 3 (Hold), LAZ is expected to closely follow overall market performance in the near term [7]

🚨JUST IN: $SSK THE FIRST U.S $SOL STAKING ETF BY @REXSHARES, SURPASSES $100M IN ASSETS UNDER MANAGEMENT, THREE WEEKS AFTER LAUNCH ...

Inflows & AuM - Digital asset products witnessed weekly inflows of $439 billion [1] - Year-to-date inflows for digital asset products reached $27 billion [1] - Assets Under Management (AuM) for digital assets hit a record $220 billion [1]

sets the open US retirement market to crypto investments. And what he's talking about is 401ks that are in the United States. And I thought to myself, well, as far as 401ks, what do we have.And what is the assets under management. So, based the most recent data, 401k plans in the United States hold almost $9 trillion in assets as of December 30, 2024. can't get any uh more uh current information that but imagine $9 trillion coming in.That's great. We'll see if it does. But, you know, not all $9 trillion goi ...

Hong Kong’s assets under management across its asset and wealth management industry rose 13% to $4.5 trillion as inflows surged last year https://t.co/7SgSFQpuBH ...

BlackRock said its assets under management reached a record $12.5 trillion in the second quarter, though its revenue missed estimates, sending shares lower Tuesday. https://t.co/au8Rd9C2bR ...