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北京时间·🕒 发布 19:15:56时区推断·⟳ 抓取 19:22:47·⚡ 决策 07-23 19:35:56 +13m09s·96.3 天前
Lazard二季度利润因税率上升和财务顾问收入下滑大幅下降
本条为Lazard（LAZ.US）二季度财报转述：净利润同比大降91%，财务顾问收入下滑9%，但资产管理收入增长20%且AUM创新高。
📄 原文Reuters↗ 原文
Investment bank Lazard (LAZ.N) reported a 91% plunge in second-quarter profit on Thursday, hurt by a higher tax rate an…
不做 Lazard（LAZ.US）
同一Lazard二季度财报催化已在近72小时内处理过，且财报负面被税率一次性因素和资产管理业务改善部分对冲，不重复交易。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-23 · 扩散 medium · price-in 风险 medium ↗
关键理由
- 本条为Lazard（LAZ.US）二季度财报转述：净利润同比大降91%，财务顾问收入下滑9%，但资产管理收入增长20%且AUM创新高。
- 近72小时已处理过同一具体催化，且上一条结论为不做，本次不重复推送交易卡。
主要风险
- 财报核心负面来自高税率和投行业务波动，CFO称税率不代表全年，削弱做空持续性。
- 盘前薄量一度下跌接近7%，但实时行情源显示价格未延续该跌幅，追空边际不足。
反向证据
- 做空前查反向 · 来源 kb_search · 影响 weakens
内部KB未命中Lazard本次财报的独立新增反证，但事件本身已有资产管理收入增长20%和AUM创新高的正向分项。
检索:Lazard Q2 2026 earnings advisory revenue tax rate asset management inflows
工具调用 · 历史记录,结果未知(3 种)
- search_processed_events · 结果未知
- stock_quote · 结果未知
- kb_search · 结果未知
原文全文
展开原文 · 1,578 字
Investment bank Lazard (LAZ.N) reported a 91% plunge in second-quarter profit on Thursday, hurt by a higher tax rate and a drop in revenue in its financial advisory business.
Net income fell to $5 million, or 3 cents per share, in the three months ended June 30. That compares with $55 million, or 52 cents per share, a year earlier.
Lazard also said the provision for income taxes was $24 million in the second quarter.
"This quarter's earnings were impacted by an elevated tax rate, which is not indicative of the full-year rate," CFO Tracy Farr said in a statement.
Shares of the company were down nearly 7% in thin premarket trading.
While periods of market stability have encouraged companies to pursue acquisitions and public listings, bouts of volatility have repeatedly delayed transactions, creating an uneven recovery for investment banks.
Revenues at its financial advisory business slid 9% in the quarter to $450 million.
Asset management results were a bright spot. Lazard said it posted its best first-half net inflows in nearly 20 years and reached record reported assets under management.
Geopolitical tensions, shifting interest rate expectations and the fast pace of AI-driven change have kept global markets volatile, encouraging clients to reposition portfolios and boosting fee-based revenue for asset managers across the industry.
Revenue from asset management climbed 20% to $351 million in the second quarter.
Lazard ended the quarter with $285 billion in assets under management, compared with $248 billion a year earlier.
Net income fell to $5 million, or 3 cents per share, in the three months ended June 30. That compares with $55 million, or 52 cents per share, a year earlier.
Lazard also said the provision for income taxes was $24 million in the second quarter.
"This quarter's earnings were impacted by an elevated tax rate, which is not indicative of the full-year rate," CFO Tracy Farr said in a statement.
Shares of the company were down nearly 7% in thin premarket trading.
While periods of market stability have encouraged companies to pursue acquisitions and public listings, bouts of volatility have repeatedly delayed transactions, creating an uneven recovery for investment banks.
Revenues at its financial advisory business slid 9% in the quarter to $450 million.
Asset management results were a bright spot. Lazard said it posted its best first-half net inflows in nearly 20 years and reached record reported assets under management.
Geopolitical tensions, shifting interest rate expectations and the fast pace of AI-driven change have kept global markets volatile, encouraging clients to reposition portfolios and boosting fee-based revenue for asset managers across the industry.
Revenue from asset management climbed 20% to $351 million in the second quarter.
Lazard ended the quarter with $285 billion in assets under management, compared with $248 billion a year earlier.
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