Lazard sees better financial advisory business in second half, shares up [Reuters]
Lazard, Inc. (LAZ)
Last lazard, inc. earnings: 4/30 06:49 am
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Source: Reuters
Lazard sees better financial advisory business in second half, shares up - Reuters 3 Min Read (Reuters) - Lazard Ltd ( LAZ.N ) said on Thursday it expects its financial advisory business to post better results in the second half of 2018, sending shares up about 6%. Mergers and acquisitions (M&A) advisory activity for the financial adviser has picked up globally since end June, including in Europe, where the company saw a dip in completed deals in second quarter, it said. Mega deals have set the pace for M&A globally as large U.S. companies defied U.S.-China trade row jitters and seized on strong equity and debt capital markets last quarter. While global M&A volume fell 27% to $842 billion from first quarter, it could have been significantly worse if it was not for those mega deals, Refinitiv data showed. Lazard advised on several high-profile deals in the quarter such as International Business Machines Corp’s ( IBM.N ) $34 billion acquisition of software company Red Hat Inc and In
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LAZ
News
- Lazard, Inc. (NYSE: LAZ) was downgraded by analysts at Keefe, Bruyette & Woods from an "outperform" rating to a "market perform" rating. They now have a $57.00 price target on the stock, down previously from $65.00.MarketBeat
- SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Lazard, Inc. (NYSE: LAZ)PR Newswire
- Lazard, Inc. Announces Results of Consent Solicitation and Offer to Guarantee Lazard Group LLC Senior NotesBusiness Wire
- Lazard Reports November 2024 Assets Under ManagementBusiness Wire
- Lazard, Inc. (NYSE: LAZ) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a $63.00 price target on the stock, up previously from $60.00.MarketBeat
LAZ
Earnings
- 10/31/24 - Miss
LAZ
Sec Filings
- 12/17/24 - Form 4
- 12/12/24 - Form 8-K
- 12/5/24 - Form 424B5
- LAZ's page on the SEC website