$LAZ

Lazard (LAZ) expects growth from advisory, asset management, and Campbell Lutyens integration, with $500M revenue accretion by 2027. Cost-cutting efforts aim to improve margins. ETF and fixed income product launches target revenue diversification. Key catalysts include integration progress, efficiency gains, and product expansion. LAZ trades at $37.41.

Lazard (NYSE: LAZ) reported Q3 2026 net revenue of $814M, up 11% YoY, with adjusted net income of $40M or $0.36 per share. Financial Advisory revenue rose 10% YoY, while Asset Management saw a 12% increase. The company cited strong client activity and progress in its Lazard 2030 strategy.

Lazard (LAZ) declared a quarterly dividend of $0.50 per share, payable on November 13. The company is a financial advisory and asset management firm with global operations, listed on the NYSE.

Lazard (LAZ) will report earnings tomorrow. Last quarter, it beat revenue expectations with $786.5M (+2.2% YoY) but missed EPS estimates. Analysts expect 17.6% YoY revenue growth this quarter. Peers Goldman Sachs and Jefferies reported mixed results. LAZ stock is unchanged in the last month, with an average price target of $42.88.

Wall Street banks, including Goldman Sachs (GS), Evercore (EVR), Jefferies (JEF), Raymond James (RJF), and Lazard, are promoting long-duration private equity funds called 'evergreen continuation vehicles' to hold assets for 10-15 years, extending beyond traditional 5-year horizons. These 'forever funds' aim to address exit challenges due to high borrowing costs and low valuation multiples, offering permanent capital with growth potential but introducing liquidity and governance complexities.

Lazard announced that Michael Gathy will resign as Chief Accounting Officer on December 11, 2026. Tracy Farr, currently CFO, will assume principal accounting officer responsibilities on the same date. Gathy's departure is to pursue other opportunities.

Lazard, Inc. (LAZ) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 12, 2026, Michael Gathy, Chief Accounting Officer and principal accounting officer of Lazard, Inc. (the “Company

Goldman Sachs lowered its price target for Lazard (LAZ) to $32.00 from $36.00, maintaining a 'Sell' rating. The firm's GF Value™ is $46.52, suggesting a 20.4% undervaluation, while its GF Score™ is 83/100. Insiders sold $5.44M in shares over the last 3 months. Lazard has a market cap of $3.61B and operates in financial advisory and asset management.

Lazard, Inc.'s average stock price target was reduced from $43.88 to $43.38 by 8 analysts, with estimates ranging from $36 to $60. This implies an 18% upside from the Oct. 9 closing price. The consensus rating remains 'Hold' among 11 analysts.

Lazard Inc. (NYSE:LAZ) reported preliminary assets under management of $284.0 billion as of September 30, 2026, down from $290.3 billion in August. The decline was due to market depreciation, foreign exchange depreciation, and net outflows. Preliminary average AUM for Q3 was $286.6 billion. Equity holdings decreased to $215.3 billion, while fixed income and other asset classes also saw reductions.