Evercore Inc - EVR STOCK NEWS

Evercore (EVR) will announce its first quarter 2024 financial results on April 24, 2024. The conference call, led by CEO John S. Weinberg and CFO Tim LaLonde, will provide insights into the firm's performance.

Evercore (EVR) appoints Mark Lipacis as senior managing director to lead semiconductor and capital equipment research. With extensive experience and accolades in the industry, Lipacis aims to enhance Evercore ISI's technology research capabilities.

Evercore (EVR) appoints Marcelo Pizzimbono as senior managing director and head of sales at Evercore ISI, bringing over 30 years of financial services experience. Pizzimbono's previous roles include managing partner at CrossRegional Management and leadership positions at Goldman Sachs and Deutsche Bank.

Evercore Inc. (NYSE: EVR) reported fourth-quarter and full-year results for 2023, with net revenues of $784.2 million and $2.4 billion, respectively, on a U.S. GAAP basis. Full-year net revenues decreased 12% on both a U.S. GAAP and an Adjusted basis versus 2022. Evercore was involved in four of the 10 largest global deals in 2023, with strong momentum in early 2024. The company returned $523.5 million to shareholders during 2023 through dividends and repurchases of 3.0 million shares at an average price of $129.04. Evercore's quarterly results may fluctuate significantly due to the timing and amount of transaction fees earned, as well as other factors. The effective tax rate for the year is principally impacted by the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price.

Evercore (EVR) announced that Sarah Bianchi has rejoined as senior managing director and chief strategist of international political affairs and public policy. Bianchi has nearly 30 years’ experience in both public and private sectors, including deputy U.S. Trade Representative. She will enhance the firm's research and advisory work, leveraging her significant international trade experience and insights into key areas across the supply chain.

Behavox, a leader in AI-driven compliance and security solutions, has announced its 2023 full-year results, showcasing a remarkable 58% growth in revenues, accelerating from the 34% growth in 2022. The company is poised to achieve profitability by March 2024, with expected revenue growth of 30-40% for the year. Behavox secured significant partnerships with industry giants such as BNY Mellon (NYSE: BK), Vitol, and Evercore (NYSE: EVR), showcasing global influence and dedication to providing exceptional service. The company strategically formed partnerships with two prominent oil and gas firms, underscoring a significant step towards global growth and reflecting the escalating demand for their product in the Commodities vertical. The rollout of GenAI and large language models (LLMs) through the Quantum AI product continues to set industry standards, offering unmatched efficiency and accuracy. Behavox's AI-driven solutions played a pivotal role in assisting several leading banks in the US, Europe, Latin America, and Japan to pass their regulatory inspections. The launch of the Behavox Intelligent Archive, developed in partnership with Google Cloud, offers a comprehensive end-to-end communications archiving and surveillance system, enhanced with state-of-the-art AI technologies. Behavox Voice20's best-in-class transcription results and its unparalleled alert quality represent a breakthrough in voice analysis technology. In 2024, Behavox will introduce its own foundation model, designed for customization, enabling customers to tailor it for specific use cases in compliance and front-office applications. The model has successfully passed CFA, CPA, and Series 7 exams, and can be deployed in any cloud environment controlled by customers.

Evercore (NYSE: EVR) will release its Q4 and full year 2023 financial results on January 31, 2024. The conference call hosted by Chairman and CEO John S. Weinberg and CFO Tim LaLonde will review the results and include a Q&A session. Investors and analysts can participate via telephone and webcast.

Evercore (EVR) announced the addition of Neil Wolitzer as a senior managing director in the Real Estate Investment Banking group. The company sees real estate as a priority growth area and believes Wolitzer's integrity and client-focused values align well with their own. Previously with Goldman Sachs, Wolitzer brings almost 20 years of experience in serving real estate clients across strategic and capital-raising transactions. He holds a J.D. from Duke University School of Law and an A.B. (magna cum laude) from Princeton University.

Evercore Wealth Management appoints Sean Brady as Managing Director, Wealth and Fiduciary Advisor. Ticker Symbol: EWM. Sean Brady joins from Clarfeld Citizens Private Wealth, bringing 14 years of experience in financial planning and investment. He will work with ultra-high-net-worth client families, foundations, and endowments in New York City, supporting the firm's growth.