LAZ: Lazard Ltd. Instablogs

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Monday, May 13, 10:18 AM Lazard's (LAZ -0.9%) brokerage unit - Lazard Capital Markets - is exploring strategic options, says a spokesman, including a sale or joint venture. The firm is the latest to look at changes amidst a slow-trading environment (and what is done is more likely to be electronic), and customers unwilling to fork over as much for recommendations. Comment! [Financials]
Friday, April 26, 9:46 AM Lazard (LAZ -0.6%) recovers from a big opening decline caused by a sizable earnings miss. Financial advisory revenue of $168M fell 39% Y/Y, led by M&A off 37%. Asset management revenue of $240M rose 14%. Management fees of $220M rose 10%. "Our first quarter results reflect the uneven pace of the M&A markets balanced by the strength in equity markets," says CEO Ken Jacobs. The cost-cutting plan outlined last year is nearly complete, he reports, with the full beneficial impact to be felt in 2014. Greenhill (GHL -0.5%). Evercore (EVR +0.3%). 1 Comment [Financials, On the Move, Earnings]
Friday, April 26, 7:12 AM Lazard (LAZ): Q1 EPS of $0.28 misses by $0.04. Revenue of $414M (-17% Y/Y) misses by $41.78M. (PR) 1 Comment [Earnings, Breaking News, Financials]
Friday, April 26, 12:05 AM Notable earnings before Friday’s open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY Comment! [Earnings]
Thursday, April 25, 5:30 PM Notable earnings before Friday’s open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY Comment! [Earnings]
Tuesday, April 2, 8:18 AM Credit Suisse takes metaphorical chips off the table, downgrading MS, SCHW, and CME to Hold after nice runs for each has them exceeding price targets established when the bank made them Buys. Morgan's top ideas in the financial sector: GS, LAZ, ICE, APO, BX, CG. 1 Comment [Financials]
Thursday, February 14, 8:41 AM Heinz (HNZ) is the only food company that can boast 30+ quarters of organic food growth, director Nelson Peltz tells CNBC, commenting on the acquisition. "I think there are many deals coming," Peltz says noting the negligible cost of money, which he notes explains his stake in Lazard (LAZ). "The M&A market is just getting rolling." 4 Comments [M&A]
Thursday, February 7, 7:19 AM Lazard (LAZ): Q4 EPS of $0.61 beats by $0.27. Revenue of $580.8M (+23% Y/Y) beats by $103.6M. (PR) Comment! [Earnings, Breaking News, Financials]
Tuesday, December 11, 2012, 4:28 PM Lazard (LAZ) declares $0.20/share quarterly dividend, in line with previous. Forward yield 2.60%. For shareholders of record Dec. 21. Payable Dec. 27. Ex-div date Dec. 19. Additionally, the board declares special dividend of $0.20/share payable with regular dividend. (PR) Comment! [Dividends]
Thursday, October 25, 2012, 7:16 AM Lazard (LAZ): Q3 EPS of $0.26 beats by $0.05. Revenue of $443M (-5% Y/Y) beats by $15M. (PR) Comment! [Earnings, Financials]
Wednesday, October 24, 2012, 6:24 PM Lazard (LAZ) declares $0.20/share quarterly dividend, in line with previous. Forward yield 2.26%. For shareholders of record Nov 05. Payable Nov 23. Ex-div date Nov 01. (PR) Comment! [Dividends]
Tuesday, October 9, 2012, 10:35 AM Be wary of stocks with exposure to capital markets, says KBWs Joel Jeffrey, downgrading Lazard (LAZ -2.1%) to Market Perform. Given reasonable valuations, strong balance sheets, and easy credit, M&A activity should be way up, but it isn't. In fact, activity is declining, leaving companies depending on advisory fees sucking wind. 1 Comment [Financials]
Thursday, July 26, 2012, 2:46 PM It's bad enough out there that Lazard (LAZ +3.5%) - typically the shop using large pay packages to bring on bankers - is planning on cutting costs, including compensation. "We're not assuming some magical recovery of times past," says CEO Ken Jacobs. (earnings earlier) 1 Comment [Financials]
Thursday, July 26, 2012, 10:27 AM Lazard (LAZ): Q2 EPS of $0.25 misses by $0.04. Revenue of $455.2M (-7.5% Y/Y) beats by $2.78M. (PR) 2 Comments [Earnings, Financials]
Friday, April 27, 2012, 8:06 AM Lazard (LAZ): Q1 EPS of $0.33 beats by $0.10. Revenue of $499M (+9.2% Y/Y) beats by $47M. (PR) Comment! [Earnings, Financials]
Wednesday, February 29, 2012, 10:15 AM P-E firms are facing a fight for survival as they look to to raise $177.4B of new capital, up 81% from this time last year and against a background of risk aversion, a lending freeze and global economic problems. In 2011, funds attracted $263B, well below the $600B they raised at the peak of the buyout boom. Comment! [Financials]

LAZ Lazard Ltd.

LAZ

Lazard Ltd.