|Bid||31.25 x 800|
|Ask||32.33 x 800|
|Day's Range||31.30 - 32.14|
|52 Week Range||27.71 - 43.44|
|Beta (5Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 25, 2023 - Oct 30, 2023|
|Forward Dividend & Yield||2.00 (6.10%)|
|Ex-Dividend Date||Aug 04, 2023|
|1y Target Est||41.40|
Lazard's (LAZ) August AUM declines 2.9% to $237.3 billion due to a challenging market backdrop.
Two weeks before Peter Orszag takes the helm as CEO of Lazard, he is already setting an ambitious goal for the investment bank to double its revenue by 2030. "It is time for Lazard to aim higher,” he told Reuters in an interview. Orszag outlined his plans for the 175-year-old firm in a memo to employees on Thursday, including a raft of personnel changes.
NEW YORK, September 13, 2023--Lazard Ltd (NYSE: LAZ) reported today that its preliminary assets under management ("AUM") as of August 31, 2023 totaled approximately $237.3 billion. The month’s AUM included market depreciation of $4.4 billion, foreign exchange depreciation of $2.3 billion and net outflows of $0.4 billion.