Lazard (LAZ, Financial) was featured in the LVS Advisory 2024 Q4 letter for its 31% stock price increase, driven by its strategic focus on M&A advisory services. The fund manager, Luis V. Sanchez, emphasized Lazard's ability to leverage its market expertise to capture opportunities in a rebounding M&A market, positioning it well for continued success in 2025.
"M&A activity is expected to explode higher in 2025. One interesting proxy for this anticipated trend is the share price appreciation of boutique investment banks which generate a disproportionate amount of fees from M&A deals." — Luis V. Sanchez, LVS Advisory, Q4 2024 Fund Letter
Read full letter at gurufocus LVS Advisory 2024 Q4 page.