Lazard Stock Drops 21% as Fundamentals Lag S&P 500 Peers
1 report, 1 independent
Updated Sep 21
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What happened
Over nine trading days, Lazard stock lost about $938 million in market value, representing a 21% cumulative loss. During this period, the S&P 500 returned -0.9%. Reports indicate that Lazard's fundamentals trail the medians for S&P 500 Financials stocks, particularly regarding revenue growth and operating margin.
From yahoo.com
Why it matters
The stock's performance suggests internal issues, as Lazard's revenue growth over the last twelve months (6.3%) was below the sector median (10.2%). Furthermore, its operating margin (11.1%) is significantly below the median for its peers (26.9%).
From yahoo.com
Who's involved
- LazardGlobal financial advisory and asset management firm
- Peter R. OrszagChairman and CEO of Lazard
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The entities involved
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Lazard
Global Financial advisory and asset management firm