Lazard Shares Drop After Large Client Loss
Update: 2025-12-10
Description
Lazards shares plummeted by three percent following the announcement of a significant drop in assets under management, primarily due to an unexpected eighteen billion dollar net outflow, largely attributed to the closure of a single U.S. client relationship. This early loss of a major client, initially anticipated for later, triggered a negative market reaction, though the companys overall market view remains largely unchanged.
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