NEW YORK - Lazard Ltd (NYSE: NYSE:LAZ), the global financial advisory and asset management firm, announced today that its CEO, Peter R. Orszag, will participate in a fireside chat at the upcoming Goldman Sachs U.S. Financial Services Conference. The event is scheduled for Tuesday, Dec 5, 2023, at 1:40 p.m. UTC and will be broadcast live for online attendees.
This year marks a significant milestone for Lazard as it celebrates its 175th anniversary. The firm has a storied history of providing strategic financial advice and services to a diverse clientele, which includes corporations, partnerships, institutions, governments, and individuals across North and South America, Europe, Asia, and Australia.
During the conference, attendees can expect insights from Orszag on a range of topics. Lazard is known for its expertise in mergers and acquisitions, restructuring, liability management, and capital markets strategy. The firm's long-standing presence in the industry positions Orszag's discussion to potentially cover trends in global finance and strategic development areas that may impact investors and businesses worldwide.
The live audio webcast of the CEO's chat will be hosted on Lazard's Investor Relations site. A replay of the session will also be available following the conference. This gives an opportunity for those who cannot attend the live event to listen to the discussions at their convenience.
Lazard's shares are publicly traded on the New York Stock Exchange, with Registered (A) Stock listed at $26.82. As Lazard continues to advise on high-profile financial matters globally, the investment community and stakeholders will be looking forward to Orszag's commentary for potential signals on the firm's strategic direction and outlook on financial markets as they head into 2024.
InvestingPro Insights
Our InvestingPro data reveals that Lazard Ltd (NYSE: LAZ) has a market capitalization of 2340M USD. The firm's Price / Earnings ratio is -23.48, suggesting that investors are willing to pay a high price for the company's earnings. The adjusted P/E ratio as of Q3 2023 stands at 12.13, while the Price / Book ratio for the same period is 6.51. Despite a challenging environment, the firm's revenue for the last twelve months as of Q3 2023 totaled 2431.4M USD.
In terms of InvestingPro Tips, we've noted that Lazard's management has been aggressively buying back shares, indicating confidence in the company's future. The firm also boasts a high shareholder yield, which is further reinforced by its significant dividend payments to shareholders. It's worth noting that Lazard has maintained these payments for an impressive 19 consecutive years.
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