LAZ Nov 2019 38.000 call

OPR - OPR Delayed Price. Currency in USD
0.0900
0.0000 (0.00%)
As of 3:54PM EST. Market open.
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Previous Close0.0900
Open0.1500
Bid0.0000
Ask0.0500
Strike38.00
Expire Date2019-11-15
Day's Range0.0900 - 0.1500
Contract RangeN/A
Volume61
Open InterestN/A
  • Business Wire

    Lazard World Dividend & Income Fund and Lazard Global Total Return and Income Fund Announce Stockholder Approval of Proposed Merger

    Lazard World Dividend & Income Fund, Inc. and Lazard Global Total Return and Income Fund, Inc. today announced that holders of a majority of each Fund's outstanding shares of common stock have approved the proposal to merge LOR with and into LGI, pursuant to an Agreement and Plan of Merger .

  • Business Wire

    Lazard Global Total Return and Income Fund Declares Monthly Distribution

    The Board of Directors of Lazard Global Total Return and Income Fund, Inc. has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.08879 per share on the Fund’s outstanding common stock.

  • Lazard poaches Numis bankers to launch venture and growth banking team
    Reuters

    Lazard poaches Numis bankers to launch venture and growth banking team

    Lazard has poached two executives from British stockbroker Numis Corporation Plc to lead a new team that will focus on European private firms seeking growth equity and venture capital. The U.S.-based investment bank said on Friday that Garri Jones and Nick James would join as managing directors in its London hub in January to lead the 10-strong team known as Lazard Venture and Growth Banking. Jones and James, who ran Numis's venture practice, will be in charge of the new unit comprising entrepreneurs, bankers, data scientists and engineers.

  • Business Wire

    Lazard UK Investment Banking Launches New Venture and Growth Banking Team

    Lazard Ltd (LAZ) announced today that it has launched a new team called Lazard Venture and Growth Banking and appointed Garri Jones and Nick James as Managing Directors in its UK Investment Banking business. Lazard’s Venture and Growth Banking team will focus on the private growth equity and venture capital markets, connecting growth businesses with its large global investor base.

  • Financial Times

    Ex-Obama adviser leads Lazard quest for bigger share of dealmaking

    A lot is riding on Peter Orszag. A one-time wunderkind economist turned adviser to Barack Obama when president, he is now an investment banker facing a familiar but formidable Wall Street challenge: breathing new life into Lazard. The departure of Paris-based Matthieu Pigasse has drawn attention to bigger challenges at the 171-year-old company.

  • Financial Times

    Lazard: Can Peter Orszag put the moves on Wall Street?

    FT premium subscribers can click here to receive Due Diligence every day by email. There’s no doubt that Peter Orszag , left, is a charming man.    During his years as White House director of the Office ...

  • Business Wire

    Lazard Reports October 2019 Assets Under Management

    Lazard Ltd reported today that its preliminary assets under management as of October 31, 2019 totaled approximately $235.8 billion. The month’s AUM included market appreciation of $2.9 billion; foreign exchange appreciation of $2.6 billion and net outflows of $0.5 billion.

  • Thomson Reuters StreetEvents

    Edited Transcript of LAZ earnings conference call or presentation 31-Oct-19 12:00pm GMT

    Q3 2019 Lazard Ltd Earnings Call

  • Lazard (LAZ) Q3 Earnings & Revenues Fall Y/Y, Stock Down 2.9%
    Zacks

    Lazard (LAZ) Q3 Earnings & Revenues Fall Y/Y, Stock Down 2.9%

    Lazard's (LAZ) Q3 results reflect fall in revenues and assets under management (AUM) balance, as well as adverse impact of elevated expenses.

  • Lazard lays off 200 on heels of earnings report
    American City Business Journals

    Lazard lays off 200 on heels of earnings report

    Investment bank Lazard has laid off about 200 employees, Chief Financial Officer Evan Russo confirmed. The news comes as the Bermuda-based company, which has its U.S. headquarters at 30 Rockefeller Plaza in Manhattan, "conducted a review of its business," Russo said Thursday on a call with investors. “The employee reductions involve approximately 200 people across financial advisory, asset management and corporate functions," he said (h/t Reuters).

  • Lazard to Close Offices, Cut Jobs in Business Realignment
    Bloomberg

    Lazard to Close Offices, Cut Jobs in Business Realignment

    (Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Lazard Ltd., whose merger-advisory business is ranked at the lowest level in more than a decade, is closing a few offices and cutting jobs as Chief Executive Officer Ken Jacobs focuses on a “realignment.”“There have been some changes in the macro environment globally, which leads us to believe there’s a better use of resources in other parts of the firm,” Jacobs said Thursday in an interview after the company released third-quarter results. “It’s more matching costs with revenue where the opportunity exists.”Offices in Lima, Mumbai and Perth, Australia, will close, a spokeswoman said. Lazard is also planning to exit some asset management strategies that could account for about $300 million of funds, Chief Financial Officer Evan Russo said on a conference call with analysts. A total of about 200 jobs will be affected across different businesses, but headcount is expected to be little changed as the firm continues to hire, Russo said.The company has been scrutinizing businesses and targeting underperforming units, the executives said. The asset management unit generates about half the firm’s revenue, and about 7% of that workforce will be eliminated, a person familiar with the matter said earlier this month. That would account for about 60 people, meaning other cuts would come in investment banking.Recent high-profile departures include Matthieu Pigasse, the deputy CEO of financial advisory, and Gary Howe, a leader of Lazard’s financial-institutions practice. Lazard is “greater than any one person,” Jacobs said in response to a question about the exits on the analysts’ call.Jacobs called the environment for mergers and acquisitions “OK,” and said CEO confidence has been mixed among executives seeking large-scale deals. Activity in Europe has been rebounding after months of uncertainty, he said. Still, the firm is ranked No. 12 among merger advisers globally this year, while it’s typically in the top 10, according to data compiled by Bloomberg.(Updates with office locations in third paragraph.)To contact the reporter on this story: Sonali Basak in New York at sbasak7@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Steve Dickson, Daniel TaubFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    Lazard axes 200 jobs after business review

    Investment bank Lazard has axed about 200 employees after a review of its business, Chief Financial Officer Evan Russo said on Thursday. "In the third quarter we conducted a review of our business that resulted in a realignment, including employee reductions and the closing of sub-scale offices and investment strategies," Russo said on a call with investors after the bank's third-quarter.

  • Reuters

    UPDATE 3-Lazard axes 200 jobs as profit falls amid dealmaking slowdown

    Lazard Ltd said on Thursday it had axed about 200 employees after a review of its business, as the investment bank reported a 21% drop in third-quarter adjusted net income amid a slowdown in worldwide deal activity. Lazard's business is split between financial advisory and asset management services. Lazard posted net income of $88 million.

  • Lazard axes 200 jobs as profit falls amid dealmaking slowdown
    Reuters

    Lazard axes 200 jobs as profit falls amid dealmaking slowdown

    Lazard Ltd said on Thursday it had axed about 200 employees after a review of its business, as the investment bank reported a 21% drop in third-quarter adjusted net income amid a slowdown in worldwide deal activity. Lazard's business is split between financial advisory and asset management services. Lazard posted net income of $88 million.

  • Business Wire

    Lazard Ltd Reports Third-Quarter and Nine-Month 2019 Results

    $588 million in third-quarter operating revenue

  • ACCESSWIRE

    Lazard Ltd. to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / October 31, 2019 / Lazard Ltd. (NYSE: LAZ ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 31, 2019 at 8:00 AM Eastern ...

  • Business Wire

    Lazard Declares Quarterly Dividend of $0.47 Per Share

    Lazard Ltd today announced that its Board of Directors has voted to declare a quarterly dividend of $0.47 per share on its outstanding common stock. The dividend is payable on November 22, 2019, to stockholders of record on November 11, 2019.

  • Lazard appoints Girodolle CEO of Lazard France
    Reuters

    Lazard appoints Girodolle CEO of Lazard France

    Lazard said on Sunday it had appointed Jean-Louis Girodolle as CEO of Lazard Investment Banking in France, just a week after its chairman and CEO Matthieu Pigasse resigned. The firm has come under increasing pressure from U.S. boutique banks including Evercore and Centerview which are looking to open offices in Paris and have poached some of Lazard's dealmakers including Nicolas Constant. Girodolle joined Lazard in 2007 and he primarily advises companies on M&A and financial transactions.

  • Business Wire

    Lazard Appoints Jean-Louis Girodolle Chief Executive Officer of Investment Banking in France

    Lazard Ltd today announced that, effective immediately, it has named Jean-Louis Girodolle as Chief Executive Officer of Lazard Investment Banking in France. Also appointed are Charles-Henri Filippi and François Kayat as Co-Chairs of Investment Banking in France.

  • Lazard Ltd (LAZ): Hedge Funds In Wait-and-See Mode
    Insider Monkey

    Lazard Ltd (LAZ): Hedge Funds In Wait-and-See Mode

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 700 world-class investment firms that we track and now have access to the collective wisdom contained in […]

  • Why Lazard Ltd (NYSE:LAZ) Could Be Worth Watching
    Simply Wall St.

    Why Lazard Ltd (NYSE:LAZ) Could Be Worth Watching

    Lazard Ltd (NYSE:LAZ), which is in the capital markets business, and is based in Bermuda, saw a double-digit share...