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Lazard Ltd (LAZ.N)

LAZ.N on New York Stock Exchange

48.75USD
15 Aug 2018
Change (% chg)

$-1.43 (-2.85%)
Prev Close
$50.18
Open
$49.50
Day's High
$49.85
Day's Low
$48.56
Volume
107,848
Avg. Vol
151,487
52-wk High
$60.00
52-wk Low
$40.50

Latest Key Developments (Source: Significant Developments)

Lazard Q2 Adjusted Earnings Per Share $1.10 Excluding Items
Thursday, 26 Jul 2018 

Lazard Ltd ::REPORTS SECOND-QUARTER AND FIRST-HALF 2018 RESULTS.Q2 REVENUE $741 MILLION VERSUS I/B/E/S VIEW $667.6 MILLION.Q2 ADJUSTED EARNINGS PER SHARE $1.10 EXCLUDING ITEMS.Q2 GAAP EARNINGS PER SHARE $1.13.Q2 EARNINGS PER SHARE VIEW $0.92 -- THOMSON REUTERS I/B/E/S.AUM AS OF JUNE 30, 2018, WAS $238 BILLION, UP 5% FROM JUNE 30, 2017, AND DOWN 6% FROM MARCH 31, 2018.  Full Article

Lazard Ltd Reports Q1 GAAP Earnings Per Share $1.21
Thursday, 26 Apr 2018 

April 26 (Reuters) - Lazard Ltd ::REPORTS FIRST-QUARTER 2018 RESULTS.Q1 REVENUE $724 MILLION VERSUS I/B/E/S VIEW $653 MILLION.Q1 ADJUSTED EARNINGS PER SHARE $1.26 EXCLUDING ITEMS.Q1 GAAP EARNINGS PER SHARE $1.21.Q1 EARNINGS PER SHARE VIEW $1.04 -- THOMSON REUTERS I/B/E/S.AUM AS OF MARCH 31, 2018, WAS $252 BILLION, UP 17% FROM MARCH 31, 2017.FINANCIAL ADVISORY OPERATING REVENUE WAS A FIRST-QUARTER RECORD OF $389 MILLION FOR 2018, 16% HIGHER THAN THE FIRST QUARTER OF 2017.SEQUENTIAL INCREASE IN AUM AS OF MARCH 31, 2018 WAS PRIMARILY DRIVEN BY NET INFLOWS OF $2.4 BILLION.ASSET MANAGEMENT OPERATING REVENUE WAS A FIRST-QUARTER RECORD OF $330 MILLION FOR 2018, 18% HIGHER THAN FIRST QUARTER OF 2017.ON APRIL 25, BOARD AUTHORIZED ADDITIONAL SHARE REPURCHASES OF UP TO $300 MILLION, WHICH EXPIRES AS OF DECEMBER 31, 2020.AS OF MARCH 31, 2018, CO'S CASH AND CASH EQUIVALENTS WERE $962 MILLION.  Full Article

Lazard Increases Quarterly Dividend To $0.44 Per Share
Thursday, 26 Apr 2018 

Lazard Ltd ::LAZARD INCREASES QUARTERLY DIVIDEND TO $0.44 PER SHARE.INCREASES QUARTERLY DIVIDEND BY 7 PERCENT.  Full Article

David Gibson Joins Lazard Asset Management As Managing Director
Tuesday, 10 Apr 2018 

April 10 (Reuters) - Lazard Ltd ::DAVID GIBSON JOINS LAZARD ASSET MANAGEMENT AS MANAGING DIRECTOR.NEUTRAL EQUITY INVESTMENT STRATEGY IN SECOND HALF OF 2018.MOST RECENTLY GIBSON SERVED AS MANAGING PARTNER AT ASSIDUOUS INVESTMENTS LLC.  Full Article

Lazard Says CEO Kenneth Jacobs' 2017 Total Compensation Was $11.7 Mln Versus $11.6 Mln
Thursday, 15 Mar 2018 

March 15 (Reuters) - Lazard Ltd ::LAZARD SAYS CEO KENNETH JACOBS' FY 2017 TOTAL COMPENSATION WAS $11.7 MILLION VERSUS $11.6 MILLION IN FY 2016 - SEC FILING.LAZARD SAYS CEO OF LAZARD ASSET MANAGEMENT ASHISH BHUTANI'S FY 2017 TOTAL COMPENSATION WAS $10 MILLION VERSUS $9.5 MILLION IN FY 2016.  Full Article

Lazard Elects Iris Knobloch To Board Of Directors
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Lazard Ltd ::LAZARD ELECTS IRIS KNOBLOCH TO BOARD OF DIRECTORS.LAZARD LTD - ‍RICHARD PARSONS NAMED LEAD DIRECTOR​.LAZARD LTD - STEVEN HEYER WILL CONTINUE IN HIS CURRENT ROLES AS CHAIRMAN OF BOARD'S NOMINATING & GOVERNANCE COMMITTEE.  Full Article

Lazard Reports Q4 Adjusted Earnings Per Share $1.12 Excluding Items
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Lazard Ltd ::REPORTS FULL-YEAR AND FOURTH-QUARTER 2017 RESULTS.Q4 GAAP LOSS PER SHARE $0.70.Q4 EARNINGS PER SHARE VIEW $0.95 -- THOMSON REUTERS I/B/E/S.Q4 REVENUE $683 MILLION VERSUS I/B/E/S VIEW $670.6 MILLION.‍FINANCIAL ADVISORY OPERATING REVENUE WAS $335 MILLION FOR Q4 OF 2017, 17% LOWER THAN RECORD Q4 OF 2016​.Q4 ADJUSTED EARNINGS PER SHARE $1.12 EXCLUDING ITEMS.FOR Q4 2017, NET INCOME, AS ADJUSTED AND EXCLUDING ONE-TIME CHARGES, WAS $148 MILLION, OR $1.12 PER SHARE.‍ASSET MANAGEMENT OPERATING REVENUE WAS A RECORD $339 MILLION FOR Q4 OF 2017, 23% HIGHER THAN Q4 OF 2016​.‍STRATEGIC ADVISORY OPERATING REVENUE WAS $302 MILLION FOR Q4 OF 2017, 18% LOWER THAN Q4 OF 2016​.AUM AS OF DECEMBER 31, 2017, INCREASED 5% FROM SEPTEMBER 30, 2017.IN Q4, AS RESULT OF 2017 U.S. TAX CUTS AND JOBS ACT, U.S. GAAP PROVISION FOR INCOME TAXES INCLUDED CHARGE OF ABOUT $420 MILLION.‍Q4 NET INFLOWS OF $137 MILLION​.  Full Article

Lazard Q3 earnings per share $0.82
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Lazard Ltd :Lazard Ltd reports third-quarter and nine-month 2017 results.Q3 adjusted earnings per share $0.85 excluding items.Q3 GAAP earnings per share $0.82.Q3 earnings per share view $0.75 -- Thomson Reuters I/B/E/S.Lazard Ltd qtrly ‍financial advisory operating revenue was $306 million for Q3 of 2017, 11 pct lower than Q3 of 2016​.Lazard Ltd qtrly ‍ strategic advisory operating revenue was $253 million for Q3 of 2017, 13 pct lower than Q3 of 2016​.Lazard ltd - ‍ asset management operating revenue was a quarterly record of $315 million for Q3 of 2017, 19 pct higher than Q3 of 2016​.Lazard Ltd - ‍AUM as of September 30, 2017, was a record $238 billion, up 16 pct from september 30, 2016, and up 6 pct from June 30, 2017​.Lazard Ltd qtrly ‍ net inflows of $15 million​.Lazard ltd - operating revenue was $627 million for q3 of 2017, up 3 pct​.  Full Article

Lazard Q2 adjusted earnings per share $0.98 excluding items
Thursday, 27 Jul 2017 

July 27 (Reuters) - Lazard Ltd ::Lazard Ltd reports second-quarter and first-half 2017 results.Q2 revenue $720 million.Q2 adjusted earnings per share $0.98 excluding items.Q2 gaap earnings per share $0.91.Q2 earnings per share view $0.79 -- Thomson Reuters I/B/E/S.Asset management operating revenue was $307 million for q2 of 2017, 22% higher.Lazard Ltd says financial advisory operating revenue was $411 million for Q2 of 2017, 43% higher than Q2 of 2016.Lazard Ltd - ‍ AUM at quarter-end was $226 billion versus $192​ billion last year.Lazard Ltd says M&A and strategic advisory operating revenue was $323 million for Q2 of 2017, 50% higher than Q2 of 2016.Qtrly net outflows of $365 million.  Full Article

Lazard reports senior-level appointments
Thursday, 27 Jul 2017 

July 26 (Reuters) - Lazard Ltd ::Lazard announces senior-level appointments.Lazard ltd says effective october 1, 2017, evan russo, will become chief financial officer of lazard.Lazard ltd - effective october 1, 2017, matthieu bucaille, cfo of Lazard since 2011, will become chief executive officer of Lazard International.Matthieu Bucaille, will chief executive officer of compagnie financière lazard frères and lazard frères banque in Paris.  Full Article

MassMutual studying strategic options for OppenheimerFunds -sources

NEW YORK, Aug 9 Massachusetts Mutual Life Insurance Co (MassMutual) is working with an investment bank to consider strategic options for its OppenheimerFunds business, which could include a potential merger or partial or full sale of the asset manager, three sources aware of the matter said on Thursday.