Welcome to our dedicated page for Evercore news (Ticker: EVR), a resource for investors and traders seeking the latest updates and insights on Evercore stock.
Evercore Inc. reports developments tied to its role as a global independent investment banking advisory firm. Its recurring updates cover results for the Investment Banking & Equities and Investment Management segments, including advisory work on mergers, acquisitions, divestitures, restructurings, shareholder advisory and capital structure matters, as well as public and private capital raising, equity research, sales and agency trading.
Company news also includes dividend actions, senior banker additions in sector groups such as healthcare, biotechnology and private capital advisory, and Evercore-hosted research forums focused on technology, media, telecommunications and private markets. Wealth management updates address planning, investment management, trust and custody services for high-net-worth families, foundations, endowments and institutional clients.
Evercore (NYSE: EVR) has appointed Alexander Krolick as a Senior Managing Director in the Private Capital Markets Group. Based in New York, Krolick will focus on expanding the firm's Infrastructure and Energy debt advisory activities. Previously the Head of Infrastructure and Energy finance at Macquarie Capital, he brings over twenty years of experience in advising on debt capital market transactions. Evercore's leadership expressed optimism about growth opportunities in these sectors.
Evercore (NYSE: EVR) is hosting its second annual Technology Conference in New York on September 7-8, 2022. This invite-only event aims to connect leaders in the technology sector, featuring fireside chats and discussions with over 100 industry participants. Key themes include the evolving technology ecosystem and investment implications.
Marc Harris, Evercore ISI Director of Research, emphasized the conference's role in exploring digital innovation, while John Weinberg, Chairman and CEO, highlights technology as vital for the firm’s growth.
Evercore Inc. (NYSE: EVR) reported net revenues of $630.9 million for Q2 2022, an 8% decline from $687.9 million in Q2 2021. Year-to-date revenues remained flat at $1.4 billion. Advisory revenues hit a record $1.2 billion, marking a 12% increase year-over-year. The company declared a quarterly dividend of $0.72 per share, payable on September 9, 2022. Operating income for Q2 was $146.2 million, down 29% from $207 million in the previous year. The effective tax rate increased to 26%. Evercore continues to focus on capital return, having returned $502 million to shareholders in the first half of the year.
Evercore (NYSE: EVR) has appointed Jason Fournier as a Senior Managing Director in its Equity Capital Markets (ECM) practice, based in Menlo Park, CA. Fournier, who previously led the Consumer & Retail ECM at JPMorgan, will focus on expanding Evercore's Consumer & Retail ECM business. With a 20-year career in structuring and marketing IPOs and private placements, his expertise is expected to drive growth in a changing environment. Evercore aims to continue providing high-quality, independent advisory services, reinforcing its position in the investment banking sector.
Evercore (NYSE: EVR) has appointed Chris Buddin as a Senior Managing Director in its Technology Advisory practice, based in Menlo Park, CA. Buddin, previously a Managing Director at Goldman Sachs, brings over twenty years of experience in advising on equity capital markets and M&A transactions. His addition aims to bolster Evercore’s Technology Capital Markets and Strategic Advisory services. Evercore, founded in 1995 and headquartered in New York, focuses on independent investment banking advisory, including mergers, acquisitions, and capital raising.
Evercore (NYSE: EVR) is set to announce its second quarter 2022 financial results on July 27, 2022, at 6:45 a.m. ET. Following this, a conference call will commence at 8:00 a.m. ET, led by CEO John S. Weinberg and CFO Celeste Mellet. Investors can register for the call and access the details via the provided links. The live audio webcast will be available on Evercore’s website, archived for 30 days.
Evercore specializes in independent investment banking advisory, focusing on mergers, capital raising, and investment management.
TA Associates and Evercore have launched the second year of TA-CORE, enhancing diversity within private equity and investment banking. This program targets historically underrepresented candidates, offering mentorship and career opportunities. In 2021, eight candidates participated, and this year, 21 have enrolled, doubling last year's numbers. The initiative is designed to educate young talent about the industry and create pathways for success. Both firms emphasize the importance of diverse teams in driving innovation and performance.
Evercore (NYSE: EVR) announced that CEO John S. Weinberg will participate in the Morgan Stanley U.S. Financials Conference on Tuesday, June 14, 2022, at 3:15 p.m. ET. A live audio webcast of the session will be accessible on Evercore’s website, with a replay available for 30 days post-event. Evercore is a leading independent investment banking advisory firm, offering services such as mergers and acquisitions advisory, capital raising, and wealth management since its establishment in 1995. More details can be found at www.evercore.com.
Evercore (NYSE: EVR) is hosting its first Global Clean Energy & Transition Technologies Summit on June 14-15, 2022, in New York. This event will focus on the energy transition towards a sustainable economy, featuring discussions and fireside chats with top executives from leading clean energy companies. Evercore ISI is committed to sustainability and is backed by leading researchers in the field. Notable speakers include executives from firms like Chargepoint and Plug Power. The summit is invite-only, targeting institutional investors and industry leaders.
Evercore (NYSE: EVR) announced the appointment of Herb Yeh as a Senior Managing Director in its Technology practice, based in Silicon Valley. Yeh, previously with Citi as Global Co-Head of Technology Investment Banking, brings over 25 years of experience in strategic M&A and capital raising for tech firms. John S. Weinberg, CEO, highlighted the growth opportunities in the Software sector. Yeh expressed his commitment to Evercore's client-centric vision and aims to enhance the firm's Technology practice.