Lazard (LAZ) Q3 Results Deepen Concern Over Margin Pressure

Lazard stock barely moved after its Q3 2026 report, slipping just 0.2% to about US$37. That muted reaction masks a more detailed story in the earnings. Advisory and asset management revenue combined reached about US$814.2m for the quarter, while basic earnings per share landed at roughly US$0.29. The central focus is profitability. Net income excluding one off items came in at about US$29.2m, which keeps the pressure on Lazard’s margins after a challenging period for earnings quality. Short...