Lazard

LAZ

Market cap $4.8B

Investment bank Lazard has hired industry veteran Daniel Burton-Morgan ​to lead a newly created advisory ‌role, a source familiar with the matter said on Wednesday.

NEW YORK, May 22, 2026 /PRNewswire/ -- Lazard Global Total Return and Income Fund, Inc. (the "Fund") (NYSE:LGI) is confirming today, pursuant to its Managed Distribution Policy, as previously authorized by its Board of Directors, a monthly distribution of $0.15340 per share on the Fund's outstanding common stock. The distribution is payable on June 23, 2026, to shareholders of record on June 10, 2026.

NEW YORK, May 22, 2026 /PRNewswire/ -- Lazard, Inc. (NYSE: LAZ) today announced Peter R. Orszag, CEO and Chairman, is scheduled to participate in a fireside discussion at the Morgan Stanley U.S. Financials Conference on Wednesday, June 10, at 9:45 a.m.

Lazard is set to hire Brian McCabe from JPMorgan Chase & Co to head the investment ​bank's energy practice in North America, two people familiar ‌with the matter said on Thursday.

LAZ's April AUM rises 6.2% to $275.4B, driven by market gains, FX appreciation and modest net inflows as equity and alternatives lead growth.

NEW YORK, May 12, 2026 /PRNewswire/ -- Lazard, Inc. (NYSE: LAZ) reported today that its preliminary assets under management ("AUM") as of April 30, 2026 totaled approximately $275.4 billion. The month's AUM included market appreciation of $13.2 billion, FX appreciation of $2.9 billion and net inflows of $0.1 billion.

Lazard lacks a durable competitive moat in investment banking or asset management, raising doubts about its ambitious growth targets. LAZ's business is highly cyclical, with recent revenue declines and volatile profitability tied to capital market activity. The company aims to double annual revenues by 2030, but its muted growth history and weak operating momentum make this target questionable.

LAZ is set to acquire Campbell Lutyens for $575M, forming Lazard CL and targeting $500M revenue by 2027 to boost its private capital advisory growth.

LAZ shares slide after Q1 earnings miss estimates, with rising expenses and weaker advisory revenues overshadowing gains in asset management.

NEW YORK, May 4, 2026 /PRNewswire/ -- Lazard, Inc. (NYSE: LAZ) announced today that Michael Ure has joined the firm as a Senior Advisor in the Power, Energy & Infrastructure Group, based in Houston. Michael brings more than 20 years of experience in executive and investment roles.