Lazard Ltd (LAZ)
After hours:
- Zacks
Lazard (LAZ) Q4 Earnings Miss Estimates, Revenues Fall Y/Y
Lazard (LAZ) records declines in expenses and AUM in the fourth quarter of 2022.
- Reuters
Lazard profit drops on M&A slowdown but outlook improves; shares climb
Investment bank Lazard Ltd reported an 80% decline in fourth-quarter profit on Thursday as dealmaking slumped, but its chief executive predicted improving market sentiment could revive mergers and acquisitions (M&A). While a challenging economy and sluggish capital markets may depress deals for the first half of this year, sentiment has improved somewhat, Kenneth Jacobs, the company's chief executive, told Reuters in an interview. "Strategic M&A dialog seems to be increasing and market sentiment seems to be improving," Jacobs said.
- Zacks
Lazard (LAZ) Misses Q4 Earnings Estimates
Lazard (LAZ) delivered earnings and revenue surprises of -4.17% and 0.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
