Lazard stock falls 1.90 percent near its yearly low

Lazard stock fell 1.90 percent to USD 36.12 on the NYSE on September 24, 2026, leaving the shares only 2.73 percent above the 52-week low of USD 35.16. The move keeps attention on a second-quarter earnings gap that combined higher revenue with sharply weaker profitability.

Revenue beat but EPS missed

According to MarketBeat, Lazard reported second-quarter revenue of USD 786.47 million, up 1.5 percent from the year-earlier period and above the USD 736.29 million consensus estimate. EPS came in at USD 0.12, missing the USD 0.34 consensus by USD 0.22.

The combination matters because revenue growth did not translate into comparable earnings. MarketBeat reported a second-quarter net margin of 6.95 percent, while the earnings miss placed greater weight on compensation, taxes and operating costs in the period.

Asset management adds scale

Morningstar reported that Lazard's preliminary assets under management reached USD 290.3 billion as of August 31, 2026. The monthly figure included USD 3.7 billion in market appreciation, USD 1.8 billion in net outflows and USD 1.5 billion in foreign-exchange appreciation.

That mix gives investors a more precise reading of the business. Asset values benefited from markets and currency, while client flows reduced the total, making recurring inflows an important counterweight to weakness in advisory activity.

Advisory bench expands

Lazard announced on September 21, 2026, that Matt Spence had joined as head of defense technology and emerging technology in its Technology Group, according to PR Newswire. The appointment broadens the firm's advisory coverage in a specialized area while the stock remains close to its yearly low.

Stock stays near yearly low

The latest NYSE quote of USD 36.12 on September 24, 2026, compares with a 52-week range of USD 35.16 to USD 58.75 and a market capitalization of USD 3,519,915,672. For investors, the key comparison is clear: Lazard generated 1.5 percent revenue growth in the second quarter, but USD 0.12 EPS remained USD 0.22 below consensus.