Lazard Ltd
News and overview for Lazard Ltd
Lazard Net Tops Views and Signals Resilience
Wall Street Journal, The | 26 days 11 hours 31 minutes ago
Lazard Ltd. signaled that it remains resilient after posting third-quarter results that beat Wall Street expectations.
UPDATE 2-Lazard stock drops following Wasserstein's death
Forbes | 39 days 21 hours 58 minutes ago
PHILADELPHIA/NEW YORK, Oct 15 (Reuters) - Shares of Lazard Ltd dropped as much as 5 percent on Thursday following the death of the investment bank's chief executive, legendary Wall Street dealmaker Bruce Wasserstein.
UPDATE 3-Lazard rides restructuring unit to Q3 profit
Reuters | 26 days 22 hours 17 minutes ago
NEW YORK, Oct 28 (Reuters) - Investment bank Lazard Ltd (LAZ.N), facing questions about succession after the death of CEO Bruce Wasserstein, reported higher-than-expected quarterly profit Wednesday on strong restructuring revenue from a wave of bankruptcies.
Firm Reports 'Serious' Irregular-Heartbeat Condition, Saying He Was Stable
Wall Street Journal, The | 42 days 23 hours 38 minutes ago
Lazard Ltd. Chief Executive Bruce Wasserstein was in serious condition Sunday night after being hospitalized with an irregular heartbeat, the investment bank said in a statement. The brief statement said: "His condition is serious, but he is stable and recovering." [Bruce Wasserstein] Bruce Wasserstein Additional details about the Mr. Wasserstein were scant late Sunday, as a number of Mr. Wasserstein's Lazard colleagues were in search of information about the 61-year-old banker.
UPDATE 4-Lazard stock up slightly after CEO death
Forbes | 39 days 16 hours 55 minutes ago
By Jessica Hall and Elinor Comlay PHILADELPHIA/NEW YORK, Oct 15 (Reuters) - Shares of Lazard Ltd finished up 2 cents after earlier falling as much as 5 percent on Thursday following the death of the investment bank's chief executive, legendary Wall Street dealmaker Bruce Wasserstein.
CORRECT: Lazard Swings To 3Q Profit On Year-Earlier Charge
Wall Street Journal, The | 27 days 2 hours 36 minutes ago
("=Lazard Swings To 3Q Profit On Yr-Earlier Charge," at 7:23 a.m. EDT, misstated revenue in the sixth paragraph. The correct version follows:) DOW JONES NEWSWIRES Lazard Ltd. (LAZ) swung to a profit in the third quarter following year-earlier charges as the New York boutique investment bank saw a surge in assets under management and revenue from its restructuring services.
Wall Street dealmaker and Lazard CEO Bruce Wasserstein dies
Star Tribune (Minneapolis-St. Paul, Minn.) | 40 days 17 hours 43 minutes ago
NEW YORK - Bruce Wasserstein, the CEO of Lazard Ltd., is dead, a company spokeswoman confirms Wednesday .
Lazard CEO Bruce Wasserstein Hospitalized
ABC News | 43 days 2 hours 46 minutes ago
Lazard CEO Wasserstein hospitalized for irregular heartbeat; in serious but stable condition
Wasserstein death leaves big hole at Lazard
Crain's New York Business | 40 days 17 hours 30 minutes ago
Reports of legendary investment banker's demise come as trading is halted on stock of Lazard.
UPDATE 5-Lazard CEO Bruce Wasserstein dies at 61
Reuters | 40 days 9 hours 40 minutes ago
NEW YORK, Oct 14 (Reuters) - Bruce Wasserstein, the legendary Wall Street deal maker identified with an era of no-holds-barred takeover battles, has died at the age of 61. His death leaves major questions about the future direction and leadership of Lazard Ltd. (LAZ.N), the investment bank he headed.
Analyst: "A true giant in the M&A world"
Reuters | 40 days 14 hours 39 minutes ago
NEW YORK (Reuters) - Lazard Ltd Chief Executive Bruce Wasserstein has died at the age of 61, a Lazard spokeswoman said on Wednesday.
Lazard Swings to a Profit; Revenue Rises 1.5%
Wall Street Journal, The | 27 days 2 hours 40 minutes ago
Lazard Ltd. swung to a profit in the third quarter following year-earlier charges as the New York boutique investment bank saw a surge in assets under management and revenue from its restructuring services.
Simon Explores a General Growth Deal
Wall Street Journal, The | 6 days 15 hours 17 minutes ago
Mall giant Simon Property Group Inc. has hired investment adviser Lazard Ltd. and law firm Wachtell, Lipton, Rosen & Katz to help it formulate a strategy for possibly bidding for all or part of rival General Growth Properties Inc., which is operating under Chapter 11 protection.
Lazard's stock drops after CEO dies
Reuters | 39 days 23 hours 16 minutes ago
NEW YORK (Reuters) - Shares of Lazard Ltd dropped nearly 3 percent on Thursday following news that its chief executive, legendary Wall Street deal maker Bruce Wasserstein, had died at the age of 61.
Simon Browses General Growth's Mall Assets
Wall Street Journal, The | 6 days 9 hours 14 minutes ago
Mall giant Simon Property Group Inc. has hired investment adviser Lazard Ltd. and law firm Wachtell, Lipton, Rosen & Katz to help it formulate a strategy for possibly bidding for all or part of rival General Growth Properties Inc., which is operating under Chapter 11 protection.
Company Overview
| Company: | Lazard Ltd |
|---|---|
| Industry: | Large-Market Investment Banking |
| Website: | http://www.lazard.com |
It's all for one and one for all at Lazard. The venerable firm (dating back to 1848 New Orleans) offers financial advisory (some 60% of sales) and asset management services from offices in some two dozen countries. Lazard provides advice in corporate restructurings and mergers & acquisitions. Industry specialties include consumer, health care, energy, real estate, media, and telecom. Its asset management operations have about $134 billion in assets under management. Lazard provides investment management to primarily institutional clients. Subsidiaries include private equity firm Fonds Partenaires-Gestion, which invests in French companies, and Lazard Frères Banque, which manages Lazard's commercial positions.
Key Numbers
| Sales in U.S. Dollars (mil.) | 1,557.2 (2008) |
|---|---|
| One-year % Growth in Sales | -18.8 (2008) |
| Net Income in U.S. Dollars (mil.) | 3.1 (2008) |
| One-year % Growth in Net Income | -98.0 (2008) |
| Number of Employees | 2,434 (2008) |
| One-year % Growth in Number of Employees | 231.2 (2008) |
| Fiscal Year-End | December |
