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Stock Market & Financial Investment News

News Breaks
March 5, 2014
06:49 EDTLAZLazard upgraded to Positive from Neutral at Susquehanna
Susquehanna upgraded Lazard based on an improved advisory outlook, asset management flow trends, and free cash flow generation. Price target raised to $56 from $49.
News For LAZ From The Last 14 Days
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February 2, 2016
06:57 EDTLAZLazard reports Q4 asset management operating revenue $261M
Reports Q4 net inflows of $1.9B. Reports Q4 M&A and other advisory operating revenue $282M. Reports Q4 Financial Advisory operating revenue $331M. Average AUM for the fourth quarter of 2015 was $188 billion, 4% lower than average AUM for the fourth quarter of 2014 and 2% lower than the third quarter of 2015. AUM as of December 31, 2015, was 2% higher from September 30, 2015, primarily driven by market appreciation, partially offset by foreign exchange movement and $1.9 billion of net outflows in the quarter.
06:55 EDTLAZLazard reports Q4 adjusted EPS 92c, consensus 88c
Reports Q4 revenue $598M, consensus $574.92M.
February 1, 2016
16:24 EDTLAZLazard declares special dividend of $1.20 per share
Lazard declared a special dividend of $1.20 per share, up from the $1.00 special dividend paid in 2015, as well as a quarterly dividend of 35c per share on its outstanding Class A common stock. The dividends are payable on February 26 to stockholders of record on February 11.

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