Latest news with #Lazard
Bloomberg
6 hours ago
- Business
- Bloomberg
Lazard Said to Poach Rothschild's Jensen to Lead Nordic Push
By Updated on Save Lazard Inc. has hired one of Rothschild & Co. 's most seasoned investment bankers in the Nordics to bolster its client network in the region, according to people familiar with the matter. Jesper Jensen, who spent the past decade at Rothschild, is set to join Lazard in late October as a managing director based in Copenhagen, said the people, who asked not to be identified as the information is private.
L'Orient-Le Jour
10 hours ago
- Business
- L'Orient-Le Jour
Bassil slams Salam Government and 'incapable,' unveils FPM candidates for Metn elections
BEIRUT — Free Patriotic Movement (FPM) leader Gebran Bassil criticized Prime Minister Nawaf Salam's government — in which the FPM is not represented — accusing it of being 'incapable of achieving anything,' and announced three potential FPM candidates for next spring's parliamentary elections. Speaking at a party dinner in the Metn region on Tuesday night, Bassil said, 'This government is incapable of achieving anything. They can't do anything about the issue of weapons [outside the framework of the state], despite external support. They are either accomplices or incapable.' Bassil's criticism came shortly after a general policy debate session in which he had called for a confidence vote in the government — a motion that largely favored Salam's Cabinet. He also accused the cabinet of having no concrete plan to return depositors' funds frozen in the banking system. 'The government of Hassan Diab [January 2020–September 2021] had put in place the Lazard plan, which fell through. But what is the plan of the current government? If the laws we have proposed are not discussed, it means they know that no funds will be returned to depositors,' he said. Work on a draft bill addressing the 'financial gap' and the return of deposits is expected to drag on for several more months, despite the government's stated aim to present a proposal within 30 days. The delay has been largely attributed to disagreements between Finance Minister Yassine Jaber and Banque du Liban (BDL, central bank) Governor Karim Souhaid. In May 2025, a government source told this publication that Lebanon was preparing to renew its contract with the international financial advisory firm Lazard. The company had designed an economic and financial recovery plan for the Diab government in 2020, a few months after the country's financial collapse began. That plan, however, became highly contentious — particularly with the Association of Banks in Lebanon (ABL), which categorically rejected it. Its abandonment ultimately derailed the first round of negotiations with the International Monetary Fund (IMF) later that year. LF partly 'responsible for the government's failure' Bassil also took aim at the Lebanese Forces (LF), led by his longtime rival Samir Geagea, accusing the party of sharing 'responsibility for the executive's failure' and becoming 'Hezbollah's partners' by participating in a government that includes Hezbollah. 'Whoever wants to resign, let them resign today and not deceive the people,' he added, referencing recent statements by LF officials who said they were ready to quit the Cabinet if it failed to set a timetable for Hezbollah's disarmament. The LF has repeatedly accused the authorities of prioritizing dialogue over confrontation on the issue of arms monopoly. The Batroun MP argued that 'sovereigntists' such as the LF and its allies, who call for a state monopoly on weapons, should also demand 'Israel's withdrawal from our occupied territories and an end to its attacks' on Lebanon. 'A cease-fire has been declared, but it has not been respected,' he said, criticizing the continued Israeli occupation of five positions on Lebanese soil and near-daily strikes on southern Lebanon and the Bekaa. Three FPM candidates in the Metn Bassil also lamented what he described as repeated betrayals of his movement. 'No political movement has been betrayed as we have,' he said during his speech in Metn, a district that was once a stronghold of former FPM MPs Ibrahim Kanaan — who left the FPM in August 2024 after numerous disagreements with Bassil — and Elias Bou Saab, who was dismissed in June 2024. Only Kanaan and Bou Saab had been elected from the FPM list in this district. Against this backdrop, the Batroun MP announced three potential FPM candidates for Metn in the parliamentary elections scheduled for next spring, according to the party's internal selection process: Eddy Maalouf, an unsuccessful candidate in 2022, Hicham Kanj, and Mansour Fadel. Bassil also addressed developments in post-Assad Syria, emphasizing that his party was 'the first not to applaud the arrival of the Jolani regime,' referring to Syrian President Ahmad al-Sharaa, known by his wartime name Jolani. Sharaa, who led a coalition of rebel and jihadist factions, overthrew Bashar al-Assad's regime on Dec. 8, 2024. 'I understand that Lebanese are pleased with Assad's downfall, but I do not understand how some rejoice over the arrival of the Jolani regime, which considers anyone who does not adhere to its doctrine — Sunni, Shiite or Druze — as an infidel whose murder is permitted,' he said. The early months of the new Syrian regime have been marked by killings and clashes in minority-populated areas, including along the Alawite-dominated coast in March and, most recently, in the Druze-majority Sweida region last week. 'These events cannot happen on our border with Syria without affecting us,' Bassil warned. Hezbollah, the FPM's former political ally, has regularly voiced concerns about rising tensions with the new regime in Damascus and the potential resurgence of terrorist cells — a stance its critics say is used to justify maintaining its arsenal. Since last December, sporadic skirmishes have erupted along the border, particularly between Syrian government forces and 'clan' fighters within the Shiite community, though they have largely remained contained.
Yahoo
5 days ago
- Business
- Yahoo
Will Lazard (LAZ) Beat Estimates Again in Its Next Earnings Report?
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Lazard (LAZ), which belongs to the Zacks Financial - Miscellaneous Services industry. This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 73.02%. For the last reported quarter, Lazard came out with earnings of $0.56 per share versus the Zacks Consensus Estimate of $0.29 per share, representing a surprise of 93.10%. For the previous quarter, the company was expected to post earnings of $0.51 per share and it actually produced earnings of $0.78 per share, delivering a surprise of 52.94%. Price and EPS Surprise For Lazard, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Lazard currently has an Earnings ESP of +2.21%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 24, 2025. With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate. Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Lazard, Inc. (LAZ) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
11-07-2025
- Business
- Business Wire
Lazard Reports June 2025 Assets Under Management
NEW YORK--(BUSINESS WIRE)--Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management ('AUM') as of June 30, 2025 totaled approximately $248.4 billion. The month's AUM included market appreciation of $5.4 billion, net inflows of $4.6 billion, and FX appreciation of $3.1 billion. Preliminary average AUM for the quarter ended June 30, 2025 was $238.6 billion. About Lazard Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. For more information, please visit Cautionary Note Regarding Forward-Looking Statements: This press release contains 'forward-looking statements' within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'may,' 'might,' 'will,' 'should,' 'could,' 'would,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' 'predict,' 'potential,' 'target,' 'goal,' 'pipeline,' or 'continue,' and the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to known and unknown risks, uncertainties and assumptions about us, may include projections of our future financial performance based on our growth strategies, business plans and initiatives and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. These factors include, but are not limited to, those discussed in our Annual Report on Form 10-K under Item 1A 'Risk Factors,' and also discussed from time to time in our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including the following: Adverse general economic conditions or adverse conditions in global or regional financial markets; Changes in international trade policies and practices including the implementation of tariffs, proposed further tariffs, and responses from other jurisdictions, and the economic impacts, volatility and uncertainty resulting therefrom; A decline in our revenues, for example due to a decline in overall mergers and acquisitions (M&A) activity, our share of the M&A market or our assets under management (AUM); Losses caused by financial or other problems experienced by third parties; Losses due to unidentified or unanticipated risks; A lack of liquidity, i.e., ready access to funds, for use in our businesses; Competitive pressure on our businesses and on our ability to retain and attract employees at current compensation levels and; Changes in relevant tax laws, regulations or treaties or an adverse interpretation of those items. These risks and uncertainties are not exhaustive. Our SEC reports describe additional factors that could adversely affect our business and financial performance. Moreover, we operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release will prove to be accurate or correct. Although we believe the statements reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, achievements or events. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this release to conform our prior statements to actual results or revised expectations and we do not intend to do so. Lazard, Inc. is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, Lazard and its operating companies use their websites, and other social media sites to convey information about their businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates of assets under management in various mutual funds, hedge funds and other investment products managed by Lazard Asset Management LLC and Lazard Frères Gestion SAS. Investors can link to Lazard and its operating company websites through
Time of India
10-07-2025
- Business
- Time of India
NFL Trade Rumors: Steelers projected to trade for $44M Jets WR Allen Lazard, Aaron Rodgers' favorite, to replace George Pickens
Steelers eye $44M Jets WR Allen Lazard to replace George Pickens (Image via: Getty Images) The Pittsburgh Steelers are reportedly moving quickly in NFL trade rumors, targeting Jets wide receiver Allen Lazard to fill the void left by George Pickens. With Pickens traded to the Cowboys in May, Pittsburgh needs a reliable boundary receiver opposite DK Metcalf. A trade for Aaron Rodgers ' favorite target in Lazard could be the strategic boost their passing game needs. Pittsburgh eyes veteran $44 million receiver Allen Lazard as ideal replacement for George Pickens in trade move According to For the Win's Cory Woodroof, the Steelers may not rely solely on free agency. Instead, the team is expected to trade a fifth‑round pick in the 2026 NFL Draft for Lazard, a proven veteran with deep ties to quarterback Aaron Rodgers. Woodroof wrote, 'It just feels automatic at this point,' hinting at a likely agreement before the season. Lazard's connection with Rodgers is well‑documented. He spent five seasons in Green Bay, demonstrating reliable red‑zone presence and clutch performance. In 2023, Lazard followed Rodgers to New York, signing a four‑year, $44 million deal . That partnership brought consistency: Lazard posted 530 yards and six touchdowns in 12 games for the Jets last year, even without playing a full slate. Will Allen Lazard follow Aaron Rodgers to Pittsburgh Steelers? | Pro Football Talk | NFL on NBC Though not a traditional No. 2 receiver, Lazard's 6′5″ frame, polished route‑running, and red‑zone efficiency make him a valuable asset. His breakout season came in Green Bay in 2022: 60 receptions, 788 yards, and six touchdowns. In 2021, he tacked on eight touchdowns, reinforcing his status as a reliable target in scoring situations. The Steelers have struggled to fill Pickens' role: a boundary threat who stretches defenses. Lazard provides that dimension while offering immediate chemistry with Rodgers, even if Rodgers isn't under center in Pittsburgh. His veteran leadership and proven production could inject stability into a Steelers receiving corps that now lacks depth. Also Read: Exclusive: Joe Burrow reveals his love for fossils in Netflix's 'Quarterback' while gearing up for a major 2024 comeback This trade makes strategic sense. A Day‑3 pick is modest compensation for a player who can contribute right away. For the Steelers, this is about balancing risk and reward: adding a known, capable playmaker is far preferable to banking purely on unknown free agents or rookies. For real-time updates, scores, and highlights, follow our live coverage of the India vs England Test match here. Catch Manika Batra's inspiring story on Game On, Episode 3. Watch Here!
