Lazard Ltd
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LAZ Lazard Ltd
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Financials : Capital Markets | Small Cap Value
Based in Bermuda
Company profile

Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients. The Asset Management business provides investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds and sovereign entities.

Closing Price
Day's Change
-1.20 (-2.56%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

UPDATE: Cannabis stocks get a big boost after veep-candidate Kamala Harris said Biden administration would decriminalize marijuana

4:38 pm ET October 8, 2020 (MarketWatch)

Tomi Kilgore

Shares of Aurora Cannabis, Canopy Growth, Tilray and others see double-digit gains

Shares of cannabis companies enjoyed a broad rally Thursday, amid growing hopes of federal decriminalization following comments from vice-presidential candidate Sen. Kamala Harris.

"[W]e will decriminalize marijuana, and we will expunge the records of those how have been convicted of marijuana," Harris said in the vice-presidential debate late Wednesday.

The Cannabis ETF (THCX) shot up 7.4% to close at a three-week high of $9.32. It has run up 15.2% since closing at a four-month low two weeks ago.

Among some of the ETF's more active components, the U.S.-listed shares of Aurora Cannabis Inc. (ACB.T) shot up 10.6%, Aphria Inc. (APHA.T) jumped 10.3%, Canopy Growth Corp. (WEED.T) climbed soared 13.5% and Tilray Inc. (TLRY) ran up 18.3%.

Shares of Corona beer brewer Constellation Brands Inc. (STZ) , which has made a large investment in Canopy Growth (, tacked on 2.0%.

The likelihood of former-Vice President Joe Biden winning the presidential election next month has increased recently, after the latest polls ( showed Biden widening his lead over President Trump.

Don't miss: President Trump loses big edge over Biden on the economy as election looms (

Also read: Here's how Trump's positive coronavirus test has shaken up the campaign -- plus what could happen next (

Elsewhere, shares of Cronos Group Inc. (CRON.T) rallied 10.0%, Curaleaf Holdings Inc. surged 10.5%, OrganiGram Holdings Inc. (OGI.T) hiked up 11.5% and Trulieve Cannabis Corp. advanced 6.8%.

The Cannabis ETF has still tumbled 25.7% year to date, while the S&P 500 index has gained 6.7%.

-Tomi Kilgore; 415-439-6400;

(END) Dow Jones Newswires

October 08, 2020 16:38 ET (20:38 GMT)

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