LAZ
Lazard, Inc.50.70
+0.03+0.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
4.81BP/E (TTM)
20.12Basic EPS (TTM)
2.52Dividend Yield
0.04%Recent Filings
8-K
Lazard's Q3 revenue surges 12%
Lazard reported record adjusted net revenue of $725 million for Q3 2025, up 12% year-over-year, driven by 15% growth in Financial Advisory to $427 million and 11% in Asset Management to $327 million. Year-to-date, Financial Advisory hit a record $1.3 billion with 20 new Managing Directors hired, while Asset Management saw $1.6 billion in net inflows and AUM climbing 17% to $265 billion. Adjusted net income rose 56% to $62 million. Momentum builds, yet GAAP net income dipped 34%.
8-K
Lazard updates 2030 strategy
Lazard, Inc. unveiled an updated vision and long-term growth strategy for Lazard 2030 via a website letter on September 10, 2025, emphasizing initiatives in artificial intelligence and broader business plans. This refresh aims to drive future financial and operational performance amid competitive pressures and economic uncertainties. Forward-looking projections carry risks from market volatility and tech investments. No specific financial targets disclosed.
8-K
Lazard appoints new asset management CEO
Lazard announced on September 8, 2025, that Evan Russo will step down as CEO of its asset management business by December 1, 2025, transitioning to Senior Advisor until June 30, 2026, with continued base salary and severance eligibility calculated as of December 31, 2025. Christopher Hogbin, ex-Global Head of Investments at AllianceBernstein, steps in as new CEO no later than January 30, 2026, securing a $750,000 base, $7.5M 2026 guarantee, $3.775M sign-on, and $16M equity award. This leadership shift aims to accelerate growth in a pivotal year, yet hinges on smooth handover amid competitive markets.
8-K
Lazard adds AI expert to board
Lazard appointed Dmitry Shevelenko, Chief Business Officer of Perplexity AI, to its Board of Directors effective September 2, 2025, to infuse AI expertise into its advisory and asset management operations. Shevelenko's background at Uber, LinkedIn, and Meta bolsters Lazard's tech-enabled strategy amid rapid AI advances. This move strengthens governance while navigating technological shifts. No committee assignment yet.
8-K
Lazard completes note tender
Lazard Group LLC completed its cash tender offer on August 4, 2025, accepting $202,944,000 principal of its 3.625% Senior Notes due 2027 at $991.89 per $1,000, plus accrued interest. Settlement occurs today, with guaranteed deliveries by August 6; all purchased notes will be canceled. This refines Lazard's debt profile amid volatile markets. Risks persist from economic conditions.
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