Lazard (LAZ) Q2 2025 Earnings Call July 24, 2025 08:00 AM ET Speaker0There are important factors that could cause our actual results, level of activity, performance, achievements or other events to differ materially from those expressed or implied by the forward looking statements, including, but not limited to, those factors discussed in the company's SEC filings, which you can access on our website. Lazard assumes no responsibility for the accuracy or completeness of these forward looking statements and a ...

Lazard’s chief executive officer welcomed private equity firms rolling back aggressive hiring of investment-banking analysts, but said he won’t implement transparency rules the way many large banks have done to discourage analysts from leaving https://t.co/pLLqAOV61I ...

Lazard's Business Overview - Lazard is an independent financial advisory and asset management firm[11] - Asset Management AUM reached $248 billion in 2Q25, with 63% in non-USD securities[19] - Financial Advisory had >200 clients in FY24 with fees >$1M[19] Financial Performance & Strategy - Lazard aims to double revenue by 2030 and achieve a 10-15% average annual total shareholder return (TSR)[31] - In 2024, Financial Advisory net revenue was $1731 million and Asset Management net revenue was $1100 million[161] - Lazard targets an $85 million annual revenue per MD in Financial Advisory by 2025, increasing to $10 million by 2028[34] Financial Metrics - Adjusted net revenue for 2024 was $2890 million[159] - The adjusted compensation ratio for 2024 was 659%[154] - The adjusted non-compensation ratio for 2024 was 199%[156]

International Public Partnerships Limited (INPP) Update / Briefing July 24, 2025 06:30 AM ET Speaker0Good morning, and welcome to the International Public Partnerships Investor Update. Throughout this recorded update, investors will be in listen only mode. Questions are encouraged and could be submitted at any time by the Q and A tab situated in the right corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question received in the meeting ...

Core Viewpoint - City Office REIT, Inc. has entered into a definitive merger agreement with MCME Carell Holdings, under which MCME Carell will acquire all outstanding shares of City Office for $7.00 per share in cash, valuing the transaction at approximately $1.1 billion [1][2][3]. Transaction Details - The transaction price of $7.00 per share represents a 26% premium to City Office's closing share price on the NYSE prior to the announcement and a 39% premium to the volume weighted average share price over the previous 90 days [2]. - Holders of City Office's 6.625% Series A Cumulative Preferred Stock will receive $25.00 per share in cash, plus all accrued and unpaid distributions up to the date of transaction consummation [2]. - The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions, including shareholder approval [4]. Company Actions - City Office will pay its previously announced second quarter dividend but has resolved to suspend future common stock dividend payments until the transaction closes [5]. - Upon completion of the transaction, City Office will become a private company, and its shares will no longer trade on the NYSE [6]. Company Background - City Office REIT is focused on acquiring, owning, and operating office properties primarily in Sun Belt markets, currently owning or controlling 5.4 million square feet of office properties [8][9]. - MCME Carell is affiliated with Elliott Investment Management and Morning Calm Management, managing approximately $72.7 billion in assets [10].

SAN DIEGO, July 24, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that holders of Broadmark Realty Capital Inc. (NYSE: BRMK) common stock as of the record date of the May 2023 merger between Broadmark and Ready Capital Corporation (NYSE: RC) (the "Merger"), have until Monday, July 28, 2025 to seek appointment as lead plaintiff of the Broadmark class action lawsuit.  Captioned Grant v. Broadmark Realty Capital, No. 25-cv-01013 (W.D. Wash.), the Broadmark class action lawsuit ...

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July 20, 2025 09:00 PM GMT China – Sustainability | Asia Pacific Interpreting China's Quasi- Stewardship Code – Expert Call Takeaways M In our latest Sustainability Roundtable, we hosted Frank Hu, CFA, Chief Research Officer at ZD Proxy Shareholder Service. He provided a comprehensive overview of the drivers reshaping governance norms in China and the nuances of China's quasi- Stewardship Code. Key Takeaways Note: This report summarizes the views from our external speaker, Frank Hu. His views are is his own ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the **China Consumer Sector** and its performance as indicated by the **Five-factor Consumer Activity Z-Score** compared to **MSCI China** [1][3]. Core Insights and Arguments - **Consumer Activity Decline**: Consumer activity weakened in June 2025, as evidenced by a decline in the Five-factor Consumer Activity Z-Score [6][7]. - **Contributing Factors**: The decline in consumer activity is attributed to: - Early promotions in May - Temporary suspension of subsidies - Tighter government control on entertainment [7]. - **Mixed Signals**: While commodity retail sales and catering softened, there were slight improvements in household loans, air passenger travel, and passenger car sales [7]. - **Future Outlook**: The payback of export front-loading and delayed new stimulus measures may pressure consumer sentiment in the upcoming months [7]. - **Government Actions**: The impact of recent government efforts to control price wars among e-commerce platforms remains uncertain [7]. Important but Overlooked Content - The report includes a detailed analysis of five key factors influencing consumer activity: 1. Year-over-year change in household loans 2. Year-over-year change in retail sales in catering 3. Year-over-year change in retail sales in commodities (excluding autos) 4. Year-over-year change in passenger car retail sales (3-month moving average) 5. Year-over-year change in air passenger traffic (3-month moving average) [2][6]. This comprehensive analysis provides a nuanced view of the current state of the consumer sector in China, highlighting both challenges and areas of slight improvement.

Group 1 - The article discusses the tendency of some investors to criticize analysts for their stock predictions, particularly when a stock experiences a significant decline in a short period [1] - It highlights the author's background as an economics teacher from the Netherlands, emphasizing a focus on income investing and identifying undervalued Real Estate Investment Trusts (REITs) [1] - The investment strategy mentioned revolves around long-term horizons, contrarian approaches, and deep-value opportunities [1] Group 2 - The article includes a disclosure indicating a beneficial long position in the shares of AHH, either through stock ownership or derivatives [2] - It clarifies that the article reflects the author's opinions and is not influenced by compensation from any company mentioned [2] - The disclosure also states that past performance does not guarantee future results and that no specific investment advice is being provided [3]