Lazard: Still Decent Value
Lazard(LAZ) Seeking Alpha·2024-08-08 19:39
1 IF D H HT T 100 - 100 1 i T 1 Pgiam/iStock via Getty Images Lazard (NYSE:LAZ) reported a solid quarter. Growth was evident in Q2, but there was some deceleration compared to Q1 which had some big restructuring wins as we covered in our last article, probably related to ECM and DCM activity which did peter out a bit. Importantly, sponsor markets aren't doing that badly as of right now, and a decent franchise to deal with situational sponsor activity has been helpful for the company. Lazard still looks like ...