econotimes.comOct 23$LAZ

Lazard Revenue Climbs 11% as Adjusted Earnings Per Share Fall

Lazard's adjusted net revenue rose 11% YoY to $805M in Q3, but adjusted EPS fell to $0.36. Financial Advisory revenue increased 10% to $465M, while Asset Management revenue grew 12% to $330M. The company attributed the revenue growth to strong client activity and closed deals.

Original reporting

econotimes.com

Published Oct 23, 2026, 1:22 PM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Oct 23, 2026, 2:17 PM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

Lazard Revenue Climbs 11% as Adjusted Earnings Per Share Fall — source image — Source · econotimes.com

Decision brief

The 30-second read

$LAZBearishMed

Why it matters

The earnings miss may lead to short‑term price declines, while revenue growth could support longer‑term outlook.

Market read

Lazard's earnings release provides fresh data for investors to reassess valuation and sector positioning.

What to watch

One-time fee pull‑forward and CFO comments on near‑term fee trends may cushion earnings concerns.

Relevance 8/10Novelty 8/10Timing: after market close

Background

Lazard's Q3 results show strong top‑line growth but a decline in adjusted earnings per share, highlighting margin pressure.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$LAZBearishMedium confidence

Context

Lazard reported Q3 adjusted revenue up 11% to $805M but adjusted EPS fell to $0.36, a miss versus expectations.

Expected impact

likely downside pressure as the market prices in the earnings miss

Evidence & confidence

Revenue rose but per-share earnings fell sharply, indicating margin compression and potential guidance concerns.

Market effects

Sector

Investment banking revenue growth may benefit peers, but earnings weakness could weigh on sector sentiment.

Regional

U.S. financial services sector may see modest pullback.

Global

Limited to financial services investors worldwide.

Counterpoint

What could challenge this read

Revenue beat could signal underlying strength despite EPS miss.

Key entities

Executive
Tracy Farr
Chief Financial Officer who commented on fee pull‑forward.
Executive
Peter R. Orszag
Chairman and CEO who highlighted strong client activity.

Read at source ← All news

$LAZLow

Lazard Reports October 2026 Assets Under Management

Lazard (NYSE: LAZ) reported $282.4B in AUM for October 2026, down from $284B in September. The decline included market depreciation of $1.9B, FX depreciation of $1.4B, and net inflows of $1.7B. Lazard is a financial advisory and asset management firm listed on the NYSE.

prnewswire.comNov 10

$LAZMed

Lazard Files Prospectus Supplement for Resale of Up to 9.4 Million Shares

Lazard filed a prospectus supplement for the potential resale of up to 9.4 million shares issued during its acquisition of Campbell Lutyens Holdings. The shares were given to selling stockholders, and the filing includes an opinion from Sullivan & Cromwell LLP on the securities' validity, according to the company.

tradingview.comNov 6

$LAZMed

Lazard completes Campbell Lutyens acquisition, launches private capital advisory business

Lazard completed its acquisition of Campbell Lutyens, launching Lazard CL to combine their private capital advisory businesses. The new platform targets $500M in 2027 revenue and offers services across private equity, credit, infrastructure, and real estate. Lazard CL has 300+ professionals and connects 4,000 institutional investors.

dealstreetasia.comNov 4

$LAZHighAI 8/10

Lazard completes Campbell Lutyens acquisition, launches new unit

Lazard Inc. (NYSE:LAZ) completed its acquisition of Campbell Lutyens, launching Lazard CL, a private capital advisory unit. The deal, paid mostly in Lazard stock, combines their advisory operations. Lazard CL has 300+ professionals across 19 offices and has advised on over $1 trillion in capital. The company expects Lazard CL to generate $500M in revenue in 2027, boosting earnings.

investing.comNov 2

$LAZHighAI 8/10

Lazard, Inc. (LAZ) Closes Campbell Lutyens Deal; Launches Lazard CL

Lazard, Inc. (LAZ) completed its acquisition of Campbell Lutyens, launching Lazard CL. The company expects combined revenue of approximately $500M and accretive earnings by 2027, according to Lazard.

tradingview.comNov 2

$LAZMedAI 8/10

Lazard Completes Its Acquisition of Campbell Lutyens and Launches Lazard CL, the Global Leader for the Next Era of Private Capital

Lazard Inc. (NYSE: LAZ) completed its acquisition of Campbell Lutyens, launching Lazard CL, a global leader in private capital advisory. The deal, announced in April 2026, combines Lazard's and Campbell Lutyens' operations, creating a platform with 300 professionals and 19 offices worldwide. Lazard CL is expected to generate $500 million in revenue in 2027 and be accretive to earnings, according to the company.

prnewswire.comNov 2