Data News > Lazard Inc. CEO Expresses Concerns Over Economic Uncertainty
- Lazard Inc.'s stock dropped due to economic uncertainty despite growing deal backlog
- CEO Peter Orszag warns of high recession odds if tariff uncertainty persists
- Lazard reports first-quarter 2025 earnings that beat Wall Street estimates
- Company remains focused amidst uncertain business environment
- Investors advised to remain cautious in the current market conditions
Lazard Inc., an investment bank, saw a decline in its stock value as the company revealed its deal backlog has increased, but the current economic uncertainty has created challenges in predicting the second quarter's performance. CEO Peter Orszag expressed concerns about the high likelihood of a recession if the uncertainty surrounding tariffs continues.
During a recent 'Money Movers' segment, Peter Orszag discussed Lazard's quarterly earnings results and advised clients on how to navigate recent trade news amidst the evolving economic landscape. The company's Q1 2025 Earnings Conference Call included key participants such as Chief Financial Officer Mary Ann Betsch and Chief Executive Officer of Asset Management Evan Russo.
Lazard's first-quarter earnings report showcased solid performance, with net revenue totaling $648 million and adjusted net revenue at $643 million for the quarter ending March 31, 2025. The company reported a net income of $60 million or $0.56 per share, on both a U.S. GAAP and adjusted basis, surpassing the Zacks Consensus Estimate of $0.29 per share.
Despite the challenging business environment, CEO Peter Orszag emphasized Lazard's unwavering focus on delivering value to its clients and stakeholders. The company remains committed to navigating the uncertainties in the market and maintaining its reputation for excellence in financial services.
Investors are advised to proceed with caution in the current market conditions, given the heightened levels of economic uncertainty. Lazard's ability to adapt and thrive in challenging environments positions the company well to weather the storm and emerge stronger on the other side.
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Lazard Inc. CEO Expresses Concerns Over Economic Uncertainty
By KlickAnalytics Data Insights | April 25, 2025 08:03PM ET
Key Points
- Lazard Inc.'s stock dropped due to economic uncertainty despite growing deal backlog
- CEO Peter Orszag warns of high recession odds if tariff uncertainty persists
- Lazard reports first-quarter 2025 earnings that beat Wall Street estimates
- Company remains focused amidst uncertain business environment
- Investors advised to remain cautious in the current market conditions
Lazard Inc., an investment bank, saw a decline in its stock value as the company revealed its deal backlog has increased, but the current economic uncertainty has created challenges in predicting the second quarter's performance. CEO Peter Orszag expressed concerns about the high likelihood of a recession if the uncertainty surrounding tariffs continues.
During a recent 'Money Movers' segment, Peter Orszag discussed Lazard's quarterly earnings results and advised clients on how to navigate recent trade news amidst the evolving economic landscape. The company's Q1 2025 Earnings Conference Call included key participants such as Chief Financial Officer Mary Ann Betsch and Chief Executive Officer of Asset Management Evan Russo.
Lazard's first-quarter earnings report showcased solid performance, with net revenue totaling $648 million and adjusted net revenue at $643 million for the quarter ending March 31, 2025. The company reported a net income of $60 million or $0.56 per share, on both a U.S. GAAP and adjusted basis, surpassing the Zacks Consensus Estimate of $0.29 per share.
Despite the challenging business environment, CEO Peter Orszag emphasized Lazard's unwavering focus on delivering value to its clients and stakeholders. The company remains committed to navigating the uncertainties in the market and maintaining its reputation for excellence in financial services.
Investors are advised to proceed with caution in the current market conditions, given the heightened levels of economic uncertainty. Lazard's ability to adapt and thrive in challenging environments positions the company well to weather the storm and emerge stronger on the other side.
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