LAZ

Automation investments are designed to let revenue growth outpace cost growth, a shift that could reshape long-term profitability.

Over the past six months, Lazard’s shares (currently trading at $38.45) have posted a disappointing 19% loss, well below the S&P 500’s 8.2% gain.

Financial advisory firm Lazard (NYSE:LAZ) fell short of the market’s revenue expectations in Q3 2026, but sales rose 11% year on year to $804.6 million. Its non-GAAP profit of $0.36 per share was 13% below analysts’ consensus estimates.

Lazard stock barely moved after its Q3 2026 report, slipping just 0.2% to about US$37. That muted reaction masks a more detailed story in the earnings.

Lazard has seen a mixed share price path in recent years, and that raises a simple question for anyone looking at the stock today. Is the current valuation supported by what the business is actually earning?

Lazard reported third quarter 2026 net income of US$29.16 million, down from US$71.25 million a year earlier, with diluted EPS from continuing operations of US$0.26 and an affirmed quarterly dividend of US$0.50 per share.

Lazard (NYSE:LAZ) appointed David Krap as Co-Head of European Consumer, Retail & Leisure and Senior Managing Director. Michael Gathy notified Lazard of his decision to resign as Chief Accounting Officer.

Lazard (NYSE:LAZ) reported that adjusted net revenue rose 11% year over year in the third quarter of 2026, supported by record quarterly financial advisory revenue and continued growth in asset-management management fees.

Record advisory revenue and $54B in gross inflows drive Lazard's 2030 strategy forward.