Lazard (LAZ)
Financials · Investment banking and financial advisory
A global independent financial advisory and asset management firm providing M&A, restructuring, capital solutions, and investment management services to institutional, corporate, and government clients worldwide.
What Lazard does
Lazard is a global financial advisory and asset management firm founded in 1848. The company operates through two main business segments: Financial Advisory, which provides M&A advisory, capital solutions, restructuring, and strategic advisory services to corporations, institutions, governments, and individuals; and Asset Management, which offers investment solutions and asset management services. Lazard serves clients across North and South America, Europe, the Middle East, Asia, and Australia.
Themes: ["Investment banking / M&A advisory","Financial restructuring","Asset management","Strategic advisory / corporate finance","Global financial advisory"]
Fundamentals
- Price$41.70 as of 2026-07-09 close
- Market cap$4.1B as of 2026-07-10
- 1-year return-18.0% as of 2026-07-09 close
- P/E14.80 as of 2026-07-10
- Net margin+8.4% as of 2026-07-10
- Gross margin+93.4% as of 2026-07-10
- ROE+33.3% as of 2026-07-10
- Debt / equity2.42 as of 2026-07-10
- Revenue growth (YoY)+9.8% as of 2026-07-10
- Revenue CAGR (3y)+3.7% SEC XBRL
- Beta1.44 as of 2026-07-10
Dividend: yield +4.8%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Highly competitive environment with no long-term contracted revenue sources; each engagement is separately negotiated and awarded","Exposure to macroeconomic conditions and volatility in M&A and capital markets activity","Dependence on senior investment banking talent and risk of losing key professionals and clients to competitors"]
Competitors & peers
- Goldman Sachs (GS)
- Morgan Stanley (MS)
- Centerview Partners
- Evercore (EVR)
- Greenhill & Co. (GHL)
- Heidrick & Struggles (HSII)
- Lazard Asset Management competitors in wealth management space
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.