We’re expecting revenue growth to stall at Lazard and other investment banks in 2017.
Lazard had a relatively strong start to 2017, but we remain cautious for the rest of the year. The company reported net income of $108 million, or $0.81 per diluted share, on $623 million of net revenue in the first quarter. Net revenue increased 25% from the previous year, due to $39 million, or 16%, growth in asset management revenue and $45 million, over 100%, growth in restructuring revenue. Over the last five quarters, the company had $3.5 billion of net inflows into its asset management bu...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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