Lazard Reports October 2024 Assets Under Management
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Lazard, Inc. (NYSE: LAZ) reported its preliminary assets under management (AUM) for October 2024, totaling approximately $235.8 billion. The AUM saw a decrease due to market depreciation, foreign exchange depreciation, and net outflows.
November 12, 2024 | 12:00 pm
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Lazard's AUM for October 2024 decreased to $235.8 billion, affected by market depreciation, foreign exchange depreciation, and net outflows.
The decrease in AUM is significant due to market and foreign exchange depreciation, along with net outflows, which could negatively impact investor sentiment and short-term stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100