Peter Orszag, Lazard CEO, joins 'Power Lunch' to discuss Trump's tariffs, market uncertainty and the sell-off.
NEW YORK--(BUSINESS WIRE)--Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.14646 per share on the Fund's outstanding common stock. The distribution is payable on March 21, 2025 to shareholders of record on March 10, 2025. The ex-dividend date is March 10, 2025. The Fund will pay a previously declared distribution today, Febru.
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its estimated assets under management (AUM) reached about $233.0 billion as of January 31, 2025. This figure includes a market increase of $6.1 billion, a foreign exchange gain of $0.4 billion, and net inflows of $0.3 billion. As of January 31, 2025, the AUM for equity was $181,506 million and for fixed income was $43,395 million.
LAZ's increasing assets under management and its bold goal for 2030 seem promising. Keep reading to find out if now is a good time to invest in the stock.
LAZ's results for the fourth quarter of 2024 show improvements due to higher revenues, as well as an increase in loans and deposit amounts.
Lazard, Inc. announced that they have $10 billion in mandates that have been won but not yet funded, indicating they can expect good commissions in the next year. The company is actively hiring Managing Directors to prepare for a busier 2025. Although asset management experienced some outflows, these were mainly from low-fee accounts, which will lessen the expected impact on revenue for the upcoming year.
Lazard, Inc. (NYSE:LAZ) will hold its Q4 2024 Earnings Conference Call on January 30, 2025, at 8:00 AM ET. The call will feature key company participants, including Alexandra Deignan, Peter Orszag, Mary Ann Betsch, and Evan Russo. Various analysts from firms like Citizens JMP, UBS, and Goldman Sachs will also be joining the discussion.
While the revenue and earnings per share (EPS) for Lazard (LAZ) provide insight into its performance for the quarter ending December 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
Lazard (LAZ) reported quarterly earnings of $0.78 per share, which is higher than the Zacks Consensus Estimate of $0.51 per share. This is an increase compared to earnings of $0.66 per share from the same period last year.
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) announced today that its net revenue for the quarter ending December 31, 2024, was $817 million, with adjusted net revenue at $812 million. For the entire year of 2024, the company reported net revenue of $3,052 million and adjusted net revenue of $2,890 million. Lazard's net income for the fourth quarter of 2024 was $86 million, or $0.80 per diluted share, while for the full year, it was $280 million, or $2.68 per diluted share.