Investment bank Lazard rises after profit beats estimates

Lazard

29/01/2026 18:05

** Shares of Lazard LAZ.N rise 3.94% to $54.69 after Q4 profit beats estimates

** Co posts adjusted profit of 80 cents per share, above analysts' estimates of 69 cents per share

** Adjusted financial advisory revenue jumps 7% to $542 million

** Adjusted asset management business revenue rises 18% to $339 million

** Co announces insider Tracy Farr as chief financial officer, effective February 1

** 5 of 11 analysts rate stock "strong buy" or "buy", 4 "hold" and 2 "sell"; median PT is $59 - data compiled by LSEG

** LAZ fell 5.6% in 2025

(Reporting by Pragyan Kalita in Bengaluru)

((Pragyan.Kalita@thomsonreuters.com;))