Earnings Alerts

Lazard Ltd Cl A (LAZ) Earnings: AUM Rise to $247.66B, Driven by Equity and Fixed Income Growth

By October 10, 2024 No Comments
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  • Lazard Inc’s assets under management have risen to $247.66 billion, marking a 1.4% increase month-over-month (m/m).
  • Equity assets under management have grown to $191.53 billion, representing a 1.5% increase m/m.
  • Fixed income assets under management have increased to $47.93 billion, up by 2.8% m/m.
  • In terms of analyst ratings, there are 6 buy recommendations, 4 hold recommendations, and 1 sell recommendation for Lazard Inc.

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A look at Lazard Ltd Cl A Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth2
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

The long-term outlook for Lazard Ltd Cl A based on Smartkarma’s Smart Scores suggests a mixed performance. With a strong dividend score of 4 and momentum score of 4, the company shows promise in terms of consistent payouts to investors and positive market performance. However, its value, growth, and resilience scores all sit at 2, indicating room for improvement in these areas. Lazard Ltd Cl A, known for its asset management and financial advisory services, serves a wide range of clients globally, offering expertise in various financial matters such as mergers and acquisitions, restructuring, and asset management services. While Lazard Ltd Cl A demonstrates stability and potential for growth in its dividend payments and market momentum, there are opportunities to enhance its value proposition, spur growth, and strengthen resilience against market fluctuations. Investors may want to keep an eye on how the company addresses these areas to secure a more robust long-term position in the market. Overall, Lazard Ltd Cl A‘s diverse range of services in asset management and financial advisory positions it as a key player in the industry, catering to a broad spectrum of clients including corporations, institutions, governments, and individuals on a global scale.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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