secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001628280-23-035178
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard Q3 adjusted EPS $0.10, revenue down 27% YoY; plans C-corp conversion
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- Adjusted net income $10M ($0.10/diluted); GAAP net income $7M ($0.06).
- Financial Advisory revenue $261M, down 42% YoY; Asset Mgmt revenue $262M flat.
- AUM $228B (+15% YoY); net outflows $2.0B in Q3.
- Converting to U.S. C-corp effective Jan 1, 2024; expects low single-digit tax rate increase.
- Q4 dividend $0.50/share; YTD returned $285M to shareholders ($102M buybacks).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828023035178/0001628280-23-035178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828023035178/laz-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035178

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