Lazard Inc

LAZ: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$11.00	Llmvzb	Rhptgzrp

Lazard: Achieving Management Goals Is a Stretch, but There's Still Good Value in the Shares

Michael Wong

Apr 5, 2024

Business Strategy and Outlook

Lazard’s revenue will likely remain relatively depressed in 2024, as it takes time for corporate confidence to recover and merger deals to close. Approximately 55% of Lazard’s net revenue is from acquisition and restructuring advisory, with the remaining 45% coming from institutional asset management.

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