SocialPicks Sentiment:
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This Quarter's Sentiment:
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SocialPicks Community
Another M&A Play
LAZ
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+0.23%
in
834 days
An established player being swept under by retreating tide caused by other exposed financial service players. Has it overpaid for recent acquisitions? Looks attractive to me at current price...
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Lazard
LAZ
-17.41%
in
884 days
<> Even though the market is near record highs, there still are some (quality) stocks that have fallen. One of them that I really like is Lazard (nyse:laz). IF you dont know this company, they have two divisions: Financial Advisory - advisory on mergers and restructuring and Asset Management - managing money for institutions and wealthy individuals. As you know, the M&A market has been really strong lately, and thus, Lazard’s profits have grown tremendously. Also, over the past few years, Lazard has made a huge investment in the AM division, which now represents 43% of the firm’s revenu<>>>...
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From the Blogosphere
Analyst upgrades, downgrades and initiations: BRCM, D, FRED, INTC, LAZ, SCSC ...
Filed under: Analyst reports, Analyst upgrades and downgrades, Intel (INTC), Analyst initiations Analyst upgrades:
<> Pali Capital upgraded Lazard (LAZ) to buy from neutral, citing a healthy restructuring environment, improving M&A and strength in the asset management segment. The firm has a $46 target on shares. Baird upgraded Scansource (SCSC) to outperform from neutral, citing strength in the channel business and growth drivers from improved telephony and security. The firm has a $30 target on shares. <>Citigroup upgraded Liberty Interactive (LINTA) to buy from hold, citing the comp>>...
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Lazard Puts Future in MA with New CEO
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By Bob Blandeburgo
Associate Editor
Money Morning
In a signal of confidence for the future of mergers-and-acquisitions (M&A), Lazard Ltd. (NYSE: LAZ) appointed Kenneth Jacobs as its chairman and chief executive officer following the unexpected death of famed dealmaker Bruce Wasserstein.
Jacobs, a 21-year company veteran, was most recently CEO of Lazard North America and has a history of [...]
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An interesting metric at Goldman…
Yesterday, Goldman Sachs (GS) reported third quarter profits of $3.19 billion on revenues of $12.37 billion, which prompted stories like this one in the New York Times about Goldman’s public relations problems over giving high bonuses.
While the release didn’t talk about the controversial bonuses directly, it did have this to say on pg. 3: <><>Compensation and benefits expenses (including salaries, estimated year-end discretionary compensation, amortization of equity awards and other items such as payroll taxes, severance costs and benefits) were $5.35 billion, which was higher than the third>>...
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Lazard gets an IPO all star
Filed under: Goldman Sachs Group (GS), Initial public offerings While it's still early, the signs are positive that we'll see a nice comeback in the IPO market. For example, Avago (NASDAQ: AVGO) and Starwood Property Trust (NYSE: STWD) had strong offerings. Moreover, recently we've seen some large IPO filings, such as for Dole Food and Hyatt.
No doubt, Wall Street will make some juicy fees. So, to get a piece of the action, Lazard (NYSE: LAZ) has made a big move: it has hired IPO banker, Tom Tuft. He was the equity capital markets group chairman at Goldman Sachs (NYSE: GS). He joined the firm...
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Earnings of Note Monday-Tuesday
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Some names I am looking at early this week
Monday
Fund holdings - Baidu.com (BIDU) and First National Financial (FNF). The former broke through the 200 day moving average Thursday but I cut it down to 1 share on super froth. The latter has been stagnat the past 8 days, with each day an intraday low hitting the 50 day moving average. Very strange. I cut back a bit to a 2.5% stake since I have double jeopardy in these guys with FNF and FAF. I expect good things but the stock action has been weak"ish" and this is the more expensive of the two - not that it matters because nowadays all secto...
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