Lazard is set to hire Brian McCabe from JPMorgan Chase & Co to head the investment bank's energy practice in North America, two people familiar with the matter said on Thursday.
LAZ's April AUM rises 6.2% to $275.4B, driven by market gains, FX appreciation and modest net inflows as equity and alternatives lead growth.
Lazard lacks a durable competitive moat in investment banking or asset management, raising doubts about its ambitious growth targets. LAZ's business is highly cyclical, with recent revenue declines and volatile profitability tied to capital market activity. The company aims to double annual revenues by 2030, but its muted growth history and weak operating momentum make this target questionable.
LAZ is set to acquire Campbell Lutyens for $575M, forming Lazard CL and targeting $500M revenue by 2027 to boost its private capital advisory growth.
LAZ shares slide after Q1 earnings miss estimates, with rising expenses and weaker advisory revenues overshadowing gains in asset management.
Lazard, Inc. (LAZ) Q1 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Lazard (LAZ) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Lazard (LAZ) came out with quarterly earnings of $0.42 per share, missing the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.56 per share a year ago.
Lazard (LAZ) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
LAZ's February AUM jumps 4% to $277.7B, fueled by $4.2B in net inflows and $8.9B from market gains.
Lazard, Inc. (LAZ) Presents at UBS Financial Services Conference 2026 Transcript
LAZ beats Q4 EPS estimates as advisory and asset management revenues rose y/y, with AUM up despite higher costs.