Latest news with #LAZ
Yahoo
6 days ago
- Business
- Yahoo
Lazard's July AUM Rises 2.1% on Net Inflows & Market Gains
Lazard, Inc. LAZ reported a preliminary asset under management (AUM) balance of $253.7 billion as of July 31, 2025, reflecting an increase of 2.1% from June 30, 2025. The AUM was affected by net inflows of $4.5 billion and market appreciation of $3.9 billion, partly offset by foreign exchange depreciation of $3.2 billion. LAZ's July AUM Breakdown In July, Lazard's equity assets increased 3.4% from the prior month's level to $198.8 billion. Further, other assets decreased 1.7% from the previous month's level to $8.9 billion. Fixed-income assets decreased 2.3% sequentially to $45.9 billion. Our Take on Lazard The company's high reliance on financial advisory fees for most of its revenues is likely to affect top-line growth to some extent. Nevertheless, the cost-management efforts are expected to aid the company's bottom line in the near term. LAZ's Price Performance & Zacks Rank Over the past year, shares of Lazard have risen 6.4% compared with the industry's growth of 19.9%. Image Source: Zacks Investment Research The company currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here. Performance of Other Asset Managers AllianceBernstein Holding L.P. AB has announced AUM for July 2025. The company's preliminary month-end AUM remained unchanged at $829 billion compared with June 2025-end. This flat figure of AB was due to market gains being offset by net outflows during the month. These outflows were primarily from institutions, with approximately $4 billion linked to the completion of the EQH-RGA reinsurance transaction. Franklin Resources, Inc. BEN reported its preliminary AUM of $1.62 trillion as of July 31, 2025, which increased slightly from the prior month. The increase in BEN's AUM balance was due to the positive impact of markets and flat preliminary long-term net inflows, inclusive of $3 billion of long-term net outflows at Western Asset Management. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franklin Resources, Inc. (BEN) : Free Stock Analysis Report AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report Lazard, Inc. (LAZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
12-08-2025
- Business
- Globe and Mail
Lazard Reports July 2025 Assets Under Management
Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management ('AUM') as of July 31, 2025 totaled approximately $253.7 billion. The month's AUM included net inflows of $4.5 billion, market appreciation of $3.9 billion, and FX depreciation of $3.2 billion. (1) Preliminary – subject to adjustment About Lazard Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit Cautionary Note Regarding Forward-Looking Statements: This press release contains '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,' 'would,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'target,' 'goal,' 'pipeline,' or 'continue,' and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A 'Risk Factors,' and also discussed from time to time in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the following: Adverse general economic conditions or adverse conditions in global or regional financial markets; Changes in international trade policies and practices including the implementation of tariffs, proposed further tariffs, and responses from other jurisdictions, and the economic impacts, volatility and uncertainty resulting therefrom; A decline in our revenues, for example due to a decline in overall mergers and acquisitions (M&A) activity, our share of the M&A market or our assets under management (AUM); Losses caused by financial or other problems experienced by third parties; Losses due to unidentified or unanticipated risks; A lack of liquidity, i.e., ready access to funds, for use in our businesses; Competitive pressure on our businesses and on our ability to retain and attract employees at current compensation levels and; Changes in relevant tax laws, regulations or treaties or an adverse interpretation of those items. These risks and uncertainties are not exhaustive. Our SEC reports describe additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release will prove to be accurate or correct. Although we believe the statements reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, achievements or events. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this release to conform our prior statements to actual results or revised expectations and we do not intend to do so. Lazard, Inc. is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, Lazard and its operating companies use their websites, and other social media sites to convey information about their businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates of assets under management in various mutual funds, hedge funds and other investment products managed by Lazard Asset Management LLC and Lazard Frères Gestion SAS. Investors can link to Lazard and its operating company websites through
Yahoo
25-07-2025
- Business
- Yahoo
Lazard Q2 Earnings Top Estimates, Advisory Revenue & AUM Rise Y/Y
Lazard Inc.'s LAZ second-quarter 2025 adjusted earnings per share of 52 cents beat the Zacks Consensus Estimate of 38 cents. This compared favorably with earnings of 49 cents per share in the year-ago quarter. Lazard's results were positively impacted by increases in revenues in the financial advisory and asset management sectors. A rise in assets under management ('AUM') balances was another positive. However, a decrease in revenues in the corporate segment and elevated operating expenses acted as a spoilsport. Lazard's net income (GAAP) was $55.3 million, which rose 10.9% from the prior-year quarter's level. Lazard's Revenues Increase Y/Y Quarterly operating revenues were $769.8 million, which rose 12.4% year over year. Further, the top line surpassed the Zacks Consensus Estimate of $688.5 million. Lazard's Expenses Increase Operating expenses were $702.9 million, up 13.1% year over year. The ratio of adjusted compensation expenses to operating revenues was 65.5, down from the year-earlier quarter's 66. The ratio of adjusted non-compensation expenses to operating revenues was 20.4, down from the year-ago quarter's 21.7. Lazard's Segmental Performance The segment's adjusted operating revenues were $491.4 million, up 20.4% from the year-earlier quarter. Segmental adjusted operating revenues of $268.5 million increased 1.2% from the prior-year quarter. Adjusted operating revenues from this segment were $10 million, down 12.8% from the year-earlier quarter. LAZ's AUM Rises As of June 30, 2025, the total AUM was $248.4 billion, which increased 1.5% from the prior-year quarter. LAZ's second quarter witnessed a market appreciation of $11.9 billion, foreign exchange appreciation of $8.4 billion and net inflows of $0.7 billion. The average AUM in the reported quarter was $238.5 billion, down 2.8% year over year. Lazard's Balance Sheet Position Strong The company's cash and cash equivalents totaled $978.3 million as of June 30, 2025, up 7.7% from the prior quarter. Stockholders' equity was $786.5 million, up 21.3% sequentially. LAZ's Share Repurchase Update In the reported quarter, Lazard repurchased 0.9 million shares at an average price of $46.44 per share. As of June 30, 2025, roughly $160 million of authorization remained available for repurchase. Our View on LAZ Lazard is focused on growing organically, as evidenced by an increase in revenues in the financial advisory and asset management segments. A strong liquidity position, along with higher AUM, will also aid its financials in the upcoming period. However, an unfavorable debt/equity ratio will likely make capital distributions unsustainable. Lazard, Inc. Price, Consensus and EPS Surprise Lazard, Inc. price-consensus-eps-surprise-chart | Lazard, Inc. Quote Currently, Lazard carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performance of Other Asset Managers Blackstone's BX second-quarter 2025 distributable earnings of $1.21 per share surpassed the Zacks Consensus Estimate of $1.10. The figure reflects a rise of 26% from the prior-year quarter. BX's results benefited from higher segment revenues and a rise in AUM balance. However, an increase in GAAP expenses was a headwind. BlackRock's BLK second-quarter 2025 adjusted earnings of $12.05 per share handily surpassed the Zacks Consensus Estimate of $10.66. The figure reflects a rise of 16% from the year-ago quarter. BLK's results benefited from a rise in revenues. AUM witnessed robust growth, reaching a record high of $12.52 trillion, driven by net inflows, market appreciation, and a favorable foreign exchange impact. However, higher expenses acted as a headwind. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Blackstone Inc. (BX) : Free Stock Analysis Report BlackRock (BLK) : Free Stock Analysis Report Lazard, Inc. (LAZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Reuters
24-07-2025
- Business
- Reuters
Lazard profit rises as advisory business gets a lift from dealmaking rebound
July 24 (Reuters) - Investment bank Lazard (LAZ.N), opens new tab reported an 11% jump in second-quarter profit on Thursday, as a rebound in dealmaking activity boosted its advisory revenue. Dealmaking grinded to a halt in April as tariff-driven uncertainty dampened corporate confidence and companies held back from pursuing deals. But deal activity bounced back sharply in May and June as global uncertainty eased. Lazard's financial advisory revenue jumped 21% to $497 million. The company posted a profit of $55 million, or 52 cents per share, for the three months ended June 30, compared with $50 million, or 49 cents per share, a year earlier.
Yahoo
27-05-2025
- Business
- Yahoo
Was Jim Cramer Right About Lazard, Inc. (LAZ)?
We recently published a list of In this article, we are going to take a look at where Lazard, Inc. (NYSE:LAZ) stands against other stocks that Jim Cramer discusses. A caller asked whether Lazard, Inc. (NYSE:LAZ) could benefit from increased M&A activity in Q3 2024. Cramer responded positively back then, saying: 'I think Lazard's a good buy here. I do believe that things are going to get a little less onerous when it comes to takeovers. It's a really good idea — thank you for bringing it to our attention.' Cramer wasn't totally off, but the gain of 5.83% doesn't exactly scream conviction. Lazard, Inc. (NYSE:LAZ) remains a premier global advisor in M&A and restructuring, leveraging its boutique model to serve clients through volatile economic cycles. A close-up of a graph on a touchscreen, representing the latest investment trends. Cramer remains a fan of the stock as he agreed with a caller when they called the stock cheap in January this year, saying: 'Absolutely. I've gotta tell you, I think Lazard's really inexpensive… I think you're absolutely right.' Overall, LAZ ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of LAZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than LAZ and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
