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Stock Market & Financial Investment News

News Breaks
October 25, 2012
07:13 EDTLAZLazard says implementing cost savings initiatives
The company says "“We are implementing cost saving initiatives to reduce the firm’s expense base and enhance our operating leverage. These include streamlining our support functions and eliminating investments in areas of low return. We expect these initiatives to result in approximately $125 million in annual savings from our existing cost base, with related implementation expenses primarily in the fourth quarter of this year. We believe these initiatives will improve profitability with minimal impact on Lazard’s revenue growth."
News For LAZ From The Last 14 Days
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October 28, 2014
07:22 EDTLAZNYSSA to hold a conference
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October 23, 2014
06:30 EDTLAZLazard reports Q3 assets under management up 12% Y-o-Y to $198B
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06:17 EDTLAZLazard reports Q3 adjusted EPS 67c, consensus 64c
Reports Q3 revenue $583M, consensus $555.75M.

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