Aug. 13 at 5:59 PM
$LAZ sees a 2.1% AUM boost in July — what’s driving the increase? 📈
➡️ Net inflows:
$4.5B
➡️ Market appreciation:
$3.9B
⚠️ Offset by
$3.2B forex depreciation
With a Zacks Rank #1 (Strong Buy), the cost-management efforts are expected to aid the company’s bottom line. https://www.zacks.com/stock/news/2708096/lazards-july-aum-rises-21-on-net-inflows-market-gains?cid=sm-stocktwits-2-2708096-body-7770&ADID=SYND_STOCKTWITS_TWEET_2_2708096_BODY_7770