Lazard Ltd (LAZ)
After hours:
| Previous close | 38.83 |
| Open | 38.64 |
| Bid | 0.00 x 1800 |
| Ask | 0.00 x 800 |
| Day's range | 38.12 - 39.42 |
| 52-week range | 25.82 - 42.24 |
| Volume | |
| Avg. volume | 1,039,603 |
| Market cap | 3.516B |
| Beta (5Y monthly) | 1.46 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -0.28 |
| Earnings date | N/A |
| Forward dividend & yield | 2.00 (5.13%) |
| Ex-dividend date | 03 May 2024 |
| 1y target est | 48.29 |
- Yahoo Finance Video
Lazard Pres. talks markets, AI energy needs, election risks
The Milken Institute Global Conference continues in California, with Lazard (LAZ) President Ray McGuire joining Yahoo Finance executive editor Brian Sozzi and anchor Akiko Fujita to discuss market outlooks, AI investments, election risks, and more. McGuire says that investors approach markets from two perspectives: "What's in front of us and what's ahead of us." Regarding the immediate concerns, he notes that Lazard clients are primarily focused on "the impact of inflation, the markets, and valuations," as well as the Federal Reserve's policy decisions. On the other hand, the "what's ahead of us" perspective focuses on geopolitical and geo-economic risks that may materialize. Turning to the generative AI front, McGuire highlights the energy requirements associated with this rapidly evolving technology. He cites the Chips Act, emphasizing "the recognition that we need to be able to manufacture our own chips." This realization has prompted companies to invest heavily in capital expenditures, driving the construction of data centers and other AI infrastructure. However, McGuire says this movement will force the United States to simultaneously develop new energy sources to support the demand. As the US presidential election nears, McGuire notes that companies are "actively" considering the potential outcome and its impact on markets. Lazard aims to assist organizations with "scenario planning" for such pivotal events. However, McGuire notes that the risks extend beyond just the US election, as global elections could significantly influence supply chain investments. McGuire characterizes the current regulatory environment as "a headwind." He emphasizes that regulations "have become a factor in ways they haven't historically" when companies contemplate growth or expansion through mergers, acquisitions, and other deals. Catch more of Yahoo Finance's coverage at the 2024 Milken Institute Global Conference. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
ReutersLazard hires veteran healthcare dealmaker Colocci as vice chairman
Investment bank Lazard Ltd has appointed veteran healthcare dealmaker Michele Colocci as vice chairman and managing director, aiming to boost the growth of its healthcare advisory, according to a company announcement. Colocci, former chairman of mergers and acquisitions at Morgan Stanley, where he also held positions as global co-head of healthcare investment banking and deputy head of investment banking for Europe, is set to join the firm in June. In his new role, Colocci will be part of Lazard's healthcare franchise, led by David Gluckman and overseen in Europe by Jean-Louis Girodolle and Cyrus Kapadia.
Business WireLazard Welcomes Michele Colocci as Vice Chairman, Investment Banking and Managing Director, Healthcare
NEW YORK, May 09, 2024--Lazard, Inc. (NYSE: LAZ) today announced Michele Colocci is joining the firm on 3rd June 2024 as Vice Chairman, Investment Banking and Managing Director, Healthcare. Based in London, Mr. Colocci’s appointment accelerates the growth of Lazard’s best-in-class global healthcare franchise, led by David Gluckman, and further reinforces its leading position in Europe, which is headed by Jean-Louis Girodolle and Cyrus Kapadia.
