Peter Orszag, Lazard CEO, joins 'Power Lunch' to discuss Trump's tariffs, market uncertainty and the sell-off.
LAZ's rising AUM balance and ambitious 2030 target look encouraging. Read on to know whether it is the right time to buy the stock.
LAZ's fourth-quarter 2024 results benefit from higher revenues, and increased loans and deposit balances.
Lazard, Inc. reported $10 billion in won but not yet funded mandates, meaning they have healthy commissions to be earned in the coming year. LAZ is aggressively hiring MDs, aiming to put them to work in a more deal abundant 2025. Asset management saw outflows but concentrated in low-fee accounts, muting revenue impacts expected into the next year.
Peter Orszag, Lazard CEO, joins 'Squawk on the Street' to discuss the company's latest earnings results, the pipeline for capital markets activity, and much more.
Lazard, Inc. (NYSE:LAZ ) Q4 2024 Earnings Conference Call January 30, 2025 8:00 AM ET Company Participants Alexandra Deignan – Head-Investor Relations and Treasury Peter Orszag – Chief Executive Officer and Chairman Mary Ann Betsch – Chief Financial Officer Evan Russo – Chief Executive Officer-Asset Management Conference Call Participants Devin Ryan – Citizens JMP Brennan Hawken – UBS Brendan O'Brien – Wolfe Research Jim Mitchell – Seaport Global Securities James Yaro – Goldman Sachs Aidan Hall – KBW Ryan Kenny – Morgan Stanley Mike Brown – Wells Fargo Operator Good morning, everyone. Welcome to Lazard's Fourth Quarter and Full Year 2024 Earnings Conference Call.
Although the revenue and EPS for Lazard (LAZ) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lazard (LAZ) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.66 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.
Demands by U.S. activist investors can send a target company's stock surging, and new data from investment bank Lazard show that these corporate nudges generate considerable market index-beating gains in the days after demands are announced.
Investment bank Lazard's CEO, Peter Orszag, predicted a surge in dealmaking momentum to continue into next year, helped by private equity activity.
LAZ reports November AUM of $234.4 billion, reflecting a decline from the previous month.