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 Inc. (NYSE: EVR) reported record financial results for 2021, with net revenues rising 45% year-over-year to $3.29 billion. The fourth quarter saw net income attributable to Evercore increase to $296 million, representing a 34% rise. Advisory revenues surged 57% to over $2.7 billion. The company declared a quarterly dividend of $0.68 per share, payable on March 11, 2022. During 2021, Evercore returned $852.3 million to shareholders through dividends and share repurchases. Effective management initiatives strengthened their market position, reflecting strong growth prospects.
Evercore (NYSE: EVR) has appointed David Lischer as a Senior Managing Director in its Debt Advisory practice, based in New York. Previously a Managing Director at Goldman Sachs, Lischer brings over 25 years of experience in debt capital markets, advising on various financial transactions. Evercore's Co-CEOs highlighted the significant growth opportunities in their Capital Markets Advisory businesses, emphasizing Lischer's expertise as crucial for meeting complex client needs. His addition is expected to enhance Evercore's debt advisory and placement services.
Evercore (NYSE: EVR) has appointed Takeshi Inoue as Senior Managing Director and President of its Japan office, based in Tokyo. Inoue previously held senior positions at Barclays and Citigroup, bringing over 20 years of experience in M&A and activist defense advisory. John S. Weinberg and Ralph Schlosstein, Evercore’s Co-CEOs, emphasized that Inoue's expertise will enhance the firm’s M&A capabilities and activist defense strategies in Japan, a market increasingly impacted by activist campaigns. Inoue expressed enthusiasm for joining Evercore, highlighting the firm's commitment to independent advisory services.
Evercore (NYSE: EVR) will announce its fourth quarter and full year 2021 financial results on February 2, 2022, at 6:45 a.m. ET. The announcement will be followed by a conference call at 8:00 a.m. ET, led by Co-Chairmen Ralph Schlosstein and John Weinberg, alongside CFO Celeste Mellet. Investors can participate by dialing (877) 359-9508 for domestic or (224) 357-2393 internationally. A replay will be available for a week, and a live audio webcast will be accessible on Evercore’s website. The conference aims to provide insights into the company’s financial performance.
Evercore (NYSE: EVR) has appointed Benjamin Eldredge as Senior Managing Director in its Investment Banking division's Industrials Advisory practice in New York. He brings over 20 years of experience from Credit Suisse, where he led Basic Materials & Distribution. Eldredge has facilitated significant M&A and capital markets transactions, including advising Spectrum Brands and Core & Main. Evercore's Co-CEOs expressed enthusiasm about his expertise and the growth opportunities in the Industrials sector. Eldredge holds an MBA from Columbia Business School.
Evercore (NYSE: EVR) has appointed Julian Emanuel as Senior Managing Director to lead the Equity, Derivatives, and Quantitative Strategy team at Evercore ISI. Emanuel brings extensive experience, having served as Chief Equity and Derivatives Strategist at BTIG. He is joined by a seasoned team including Paul Huzarski, Michael Chu, and Barak Hurvitz. This strategic hire reflects Evercore's commitment to delivering comprehensive investment insights to clients, as noted by CEO Mike Paliotta.
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Evercore (NYSE: EVR) announced that Co-CEO Ralph L. Schlosstein will speak at the Goldman Sachs 2021 U.S. Financial Services Conference in New York on December 8, 2021, at 11:20 a.m. ET. A live audio webcast will be available on Evercore's website, with a replay accessible for 30 days post-event. As a global independent investment banking advisory firm, Evercore specializes in strategic advisory services such as mergers and acquisitions and capital raising.
Evercore (NYSE: EVR) announced the onboarding of Jonathon Kaufman and Ted Michaels as Senior Managing Directors in its Investment Banking division, focusing on the Infrastructure, Utilities, and Renewables Group. Kaufman, formerly with Credit Suisse, will lead initiatives in Utilities and Renewables, leveraging his extensive experience in M&A and capital markets. Michaels, also from Credit Suisse, has a notable track record in clean energy transactions. Evercore Co-CEOs emphasized the importance of energy transition and the strategic opportunities in renewables, highlighting Kaufman’s and Michaels’ industry expertise as a significant asset.
Evercore Inc. (NYSE: EVR) reported record Q3 2021 revenues of $823.6 million, a 105% increase from Q3 2020, with net income of $159.5 million. Year-to-date results show revenues of $2.17 billion, up 63% from 2020. Advisory fees surged 162%, while underwriting fees decreased 18%. The company declared a quarterly dividend of $0.68 per share, to be paid on December 10, 2021. With strong advisory performance and a robust hiring strategy, the firm remains optimistic about future growth. Evercore also returned $631.5 million to shareholders YTD, demonstrating confidence in financial stability.