Lazard: Attractive Yield Is Not Enough To Buy Its Shares
Source: SeekingAlpha
2026-05-08 20:54:49 ET
Lazard ( LAZ ) does not hold any moat in the investment banking or asset management industries in my opinion, making me cautious about its growth targets that may be difficult to achieve over the next few years. Its business remains quite cyclical and its valuation doesn’t seem to be cheap, making its dividend yield the most interesting feature of its investment case....
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Lazard: Attractive Yield Is Not Enough To Buy Its Shares
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