Key Takeaways Lazard posted Q4 adjusted EPS of 80 cents, topping estimates, as net revenues rose 10% y/y.LAZ saw Financial Advisory revenues rise 7% and Asset Management revenues climb 18% on stronger deal activity.Lazard's AUM rose 12% y/y, while higher compensation drove a 16% increase in operating expenses.Shares of Lazard Inc.’s (LAZ) gained 2.2% in yesterday’s trading session on better-than-expected quarterly results. Its fourth quarter 2025 adjusted earnings per share of 80 cents beat the Zacks Consen ...

Lazard (NYSE:LAZ) Q4 2025 Earnings call January 29, 2026 08:00 AM ET Company ParticipantsAlexandra Deignan - Head of Investor Relations and TreasuryBrendan O’Brien - Senior VPChris Hogbin - CEO of Asset ManagementDaniel Cocchiara - Equity Research Associate of North American BanksDevin Ryan - Director of Financial Technology ResearchJames Yaro - Managing Director of Equity ResearchMary Ann Betsch - CFOPeter Orszag - CEO and ChairmanRyan Kenny - Executive Director of Equity ResearchConference Call Participan ...

Lazard (NYSE:LAZ) Q4 2025 Earnings call January 29, 2026 08:00 AM ET Speaker8Good morning, and welcome to Lazard's fourth quarter and full year 2025 earnings conference call. This call is being recorded. Currently, all participants are in a listen-only mode. Following the remarks, we will conduct a question-and-answer session. Instructions will be provided at that time. If anyone should require assistance during the call, please press the star key followed by zero on your telephone keypad. At this time, I w ...

LAZARD JANUARY 2026 Investor Presentation Safe Harbor This presentation contains certain statements, estimates and forecasts with respect to future performance and events. These statements, estimates and forecasts are "forward- looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as "may," "might," "will," "should," "could," ...

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]

Core Insights - The article discusses the evolution of China's primary market over the past decade, highlighting a shift from a "gold rush" mentality to a focus on "deep cultivation" in the industry, with 2016 marking a pivotal year in this transition [1][3] Company Overview - Multi-Dimensional Capital was founded in 2016 by Cao Fangning, who left Roland Berger, a top consulting firm, to focus on cross-border mergers and acquisitions (M&A) rather than following the trend of quick returns in the internet sector [2][3] - The firm has completed over 300 transactions with a total transaction volume of 55 billion RMB, serving more than 500 companies and managing seven specialized investment funds as of 2025 [5] Market Dynamics - The landscape of cross-border M&A has shifted, with traditional financial advisory (FA) models struggling to adapt to the complexities of new technologies and geopolitical changes, creating opportunities for firms like Multi-Dimensional Capital [3][4] - The rise of hard technology and the need for deep industry understanding have redefined the rules of engagement in the primary market, moving away from simple matchmaking to complex transaction structuring [4][5] Competitive Advantage - Multi-Dimensional Capital differentiates itself by not just understanding financing but also by comprehensively grasping global technology paradigms and aligning them with China's industrial realities [4][11] - The firm positions itself as a "translator" between different capital systems, helping companies navigate the complexities of global supply chains and investment landscapes [11][13] Future Outlook - The company aims to evolve into a core infrastructure player in China's hard technology sector, providing a full lifecycle of support from early-stage incubation to later-stage funding and restructuring [30][31] - Multi-Dimensional Capital is focused on addressing the complexities of modern transactions, emphasizing the importance of understanding underlying industry logic and maintaining a long-term perspective in investment strategies [20][26]

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Key Points If you’re going to have a financial advisor, it’s important to find the right person for the job. Ask about license and experience before signing on. Make sure you understand what fees you’ll be charged. Investors rethink 'hands off' investing and decide to start making real money Choosing a financial advisor is one of the most important money-related decisions you can make, yet many people approach it casually or skip the vetting process altogether. With countless professionals offeri ...

NEW YORK, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Perella Weinberg Partners (NASDAQ:PWP), a leading global independent advisory firm, today announced that it plans to release its financial results for the full year and fourth quarter 2025 on Friday, February 6, 2026, before the market opens. Conference Call and Webcast Management will host a conference call and webcast to review Perella Weinberg’s results on the same day at 9:00AM ET. A webcast of the conference call will be available to the public on a listen-on ...