Lazard Inc (LAZ)
NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
$45.00+1.51%
Close 2026-09-04 · 1-day change
NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-09-04
QuarterlyIQ Insights · LAZ
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -1.4% |
| Our one-year growth estimate | diamond | 14.8% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 16.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name has been missing across recent quarters and is on a run of consecutive earnings misses. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 27 industry peers
LAZ — earnings miss
Dated 2026-07-23
Results of Operations and Financial Condition. On July 23, 2026, Lazard, Inc. (the “Company”) issued a press release announcing financial results for its second quarter ended June 30, 2026. A copy of the Company’s press release containing this information is being furnished as Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by reference. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of th…
Why it matters: Successful acquisitions can help growth. They also support Lazard's strategy and future revenue.
Supportive ifLook for news about completed acquisitions. These will help Lazard's market position.
Worry ifNo new acquisitions announced. This shows a slowdown in growth strategy.
Why it matters: Keeping the dividend shows strong finances and care for shareholders. It impacts investor trust.
Supportive ifDividend per share remains at $0.5 for the next quarter.
Worry ifDividend per share drops below $0.5. This shows financial pressure.
Why it matters: A drop worse than -6% shows ongoing problems in Lazard's advisory business.
Worry ifQ3 Financial Advisory revenue down year over year worse than -6%.
Less concerning ifFinancial Advisory revenue stays steady or grows each year.
Why it matters: This report will give insights into Lazard's financial health. It will show progress on goals.
Watch forEarnings report shows adjusted net income growth compared to the previous quarter.
Also watch forThe earnings report shows a drop in adjusted net income from the last quarter.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$195 on $10,000 · ±1.9% | How much price usually moves either way. |
| Bad day | $395 loss on $10,000 · 3.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $3,139 loss on $10,000 · 31.4% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: This acquisition is important for Lazard's growth. It aims to increase revenue a lot.
Supportive ifThe acquisition closes successfully. It adds about $500 million to revenue in 2027.
Worry ifThe acquisition faces regulatory delays or fails to close by the end of 2026.
Why it matters: Sustained inflows show strong demand for Lazard's investment products. This will help revenue growth.
Supportive ifNet inflows in Asset Management exceed $7 billion for the next quarter.
Worry ifNet outflows happen in Asset Management. This goes against recent trends.
Why it matters: Improving cash flow is key for Lazard's growth plans. It shows the company's ability to generate cash.
Supportive ifCash from operations goes back to positive in Q2.
Worry ifCash from operations stays negative or drops more in Q2.
Why it matters: A drop in revenue growth signals a slowdown in the financial sector. This could hurt Lazard's performance.
Worry ifLazard's Q2 revenue growth prints below the median of its historical growth rates.
Less concerning ifLazard's Q2 revenue growth stays at or above the median of its historical growth rates.
Why it matters: A big change in the tax rate could affect net income and overall profits.
Watch forEffective tax rate drops below 20% in the next quarter.
Also watch forEffective tax rate rises above 70% in the next quarter.
Why it matters: An increase in adjusted net income shows Lazard is making more money.
Supportive ifAdjusted net income exceeds $60 million in Q3.
Worry ifAdjusted net income remains below $50 million in Q3.
Why it matters: If net income goes up, it shows better financial health and efficiency.
Supportive ifQ3 net income rises to at least $20 million. This shows recovery from Q2.
Worry ifQ3 net income stays below $5 million. This shows ongoing financial problems.
Why it matters: Growth in Asset Management is important for Lazard. It helps with overall performance and plans.
Supportive ifAsset Management revenue grows year over year by more than 20% in Q3.
Worry ifAsset Management revenue growth falls below 10% year over year in Q3.
Why it matters: Strong growth in Assets Under Management (AUM) helps Lazard's revenue and profits.
Supportive ifAUM growth exceeds 15% year over year in the next quarterly report.
Worry ifAUM growth falls below 10% year over year in the next quarterly report.
Why it matters: This deal could help Lazard make more money. It will also boost its advisory work.
Supportive ifThe deal closes in the second half of 2026. There are no regulatory delays.
Worry ifThe deal has regulatory problems. It is delayed past 2026.
Why it matters: Growth in AUM shows strong client demand and good management.
Supportive ifAUM increases by at least 5% in Q3 2026, confirming ongoing client inflows.
Worry ifAUM falls or stays the same. This shows possible client retention issues.
Why it matters: Successful acquisitions can boost growth and market position. Investors will want to see progress.
Supportive ifA strategic acquisition is announced. It fits with growth goals.
Worry ifNo new acquisitions are announced. This shows a slowdown in growth plans.
Why it matters: Keeping the dividend shows strong cash flow and a commitment to shareholders.
Supportive ifLazard declares a dividend of $0.50 per share as planned.
Worry ifLazard cuts or suspends the dividend payment.
Why it matters: Completing acquisitions could boost growth and improve Lazard's market position. Investors will watch for progress.
Supportive ifA press release will confirm that a new acquisition is complete.
Worry ifNo acquisitions completed by the end of the quarter.