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Cranberry Journal

Tuesday, November 3, 2026

Also in this edition
Markets
  • S&P 5007,568.92+0.36%
  • Nasdaq25,372.01+0.82%
  • Dow51,786.72−0.38%
  • 10-yr yield4.95%+1.19%
  • Crude$96.86+0.41%
At the close · Nov 3

Asset Management

Tagged stories

The slender limestone tower of 30 Rockefeller Plaza rising between two lower stone buildings hung with American flags, seen from Fifth Avenue under a pale sky.
Markets

Lazard's Adjusted Revenue Rose 11 Per Cent in the Third Quarter. Its Adjusted Profit Fell 35 Per Cent, as Pay Held at 69.9 Per Cent of Revenue.

Lazard said on 22 October that adjusted net revenue rose 11 per cent to $805 million in the third quarter, with advisory and asset management both up. Adjusted earnings fell 36 per cent to 36 cents a share as the adjusted compensation ratio rose to 69.9 per cent from 65.5 per cent. The firm's long-term target is 60 per cent or below.

By Daniel Okafor  

The glass facade and stone-framed lower floors of 50 Hudson Yards in Manhattan, seen from the street, with neighbouring towers reflected in the windows.
Markets

BlackRock Took In $205 Billion in the Quarter and Ended at $15.5 Trillion. GAAP Earnings Were $10.57 a Share, and the Adjusted Figure Was $15.93.

BlackRock reported on Wednesday 14 October that it ended the third quarter with $15.5 trillion in assets and took in $205 billion of net new money. Revenue rose 19 per cent to $7.75 billion. Diluted earnings were $10.57 a share, or $15.93 as adjusted, and most of the gap is one non-cash charge tied to its own share price.

By Daniel Okafor