Core Insights - Lazard, Inc. reported a preliminary asset under management (AUM) balance of $253.7 billion as of July 31, 2025, reflecting a 2.1% increase from June 30, 2025, driven by net inflows and market appreciation, partially offset by foreign exchange depreciation [1][9] AUM Breakdown - Lazard's equity assets increased by 3.4% from the previous month to $198.8 billion [2][9] - Other assets decreased by 1.7% from the previous month to $8.9 billion [2] - Fixed-income assets fell by 2.3% sequentially to $45.9 billion [2][9] Revenue and Cost Management - The company's high reliance on financial advisory fees is likely to impact top-line growth, but cost-management efforts are expected to support the bottom line in the near term [3] Price Performance - Over the past year, Lazard's shares have risen by 6.4%, while the industry has grown by 19.9% [6] - The company currently holds a Zacks Rank 1 (Strong Buy) [7]

Core Insights - Lazard, Inc. reported a preliminary asset under management (AUM) balance of $235.3 billion as of May 31, 2025, reflecting a 1.7% increase from April 30, 2025 [1][7] - The AUM increase was driven by market appreciation of $7.4 billion and foreign exchange appreciation of $0.2 billion, partially offset by net outflows of $3.7 billion, which included $4.3 billion outflows from a single sub-advised relationship [1][7] - Equity assets rose 2.4% to $180.5 billion, while fixed-income assets decreased 1.3% to $45.8 billion, and other assets increased 3% to $9 billion [2][7] Financial Performance - The company's reliance on financial advisory fees for revenue and ongoing net outflows may impact top-line growth [3] - Cost-management efforts are expected to support the company's bottom line in the near term [3] - Over the past year, Lazard's shares have increased by 14.3%, outperforming the industry growth of 12.4% [3] Comparison with Other Asset Managers - Franklin Resources, Inc. reported an AUM of $1.57 trillion as of May 31, 2025, which increased by 2.6% from the prior month, driven by market impacts and long-term net inflows of $1 billion [8]

Group 1: Lazard's Asset Under Management (AUM) Performance - Lazard reported a preliminary AUM of $231.4 billion as of April 30, 2025, reflecting a 1.8% increase from March 31, 2025, driven by foreign exchange appreciation of $5.1 billion, despite market depreciation of $0.9 billion and net outflows of $0.2 billion [1] - In April, Lazard's equity assets increased by 1.3% to $176.3 billion, while fixed-income assets rose by 5.3% to $46.3 billion, and other assets decreased by 5.6% to $8.8 billion [2] Group 2: Financial Performance and Outlook - The company's heavy reliance on financial advisory fees and continued net outflows may negatively impact top-line growth in the near future, although cost-management efforts are expected to support the bottom line [3] - Over the past year, Lazard's shares have increased by 21.4%, outperforming the industry growth of 10% [4] Group 3: Industry Comparison - Franklin Resources reported preliminary AUM of $1.53 trillion as of April 30, 2025, showing a slight decrease due to long-term net outflows of $10 billion [7] - T. Rowe Price announced preliminary AUM of $1.56 trillion for April 2025, reflecting a marginal decrease, with equity products at $767 billion and fixed income growing by 1% to $198 billion [8]