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 first quarter results for 2022, with net revenues reaching $722.9 million, a 9% increase year-over-year. Adjusted diluted earnings per share rose to $3.79, up 17%. Advisory revenues surged by 22% to $624.6 million, driven by a high volume of transactions. The quarterly dividend increased by 6% to $0.72 per share, payable on June 10, 2022. Share repurchases totaled $298.3 million this quarter, reflecting strong capital return initiatives.
Evercore (NYSE: EVR) is set to announce its first quarter 2022 financial results on April 27, 2022, at 6:45 a.m. Eastern Time. A conference call will follow at 8:00 a.m., led by John S. Weinberg, Chairman and CEO, alongside Celeste Mellet, CFO. Investors can join by calling (877) 359-9508 for domestic or (224) 357-2393 for international participation, passcode 1168879. The call will last about an hour, and a replay will be accessible for one week. A live audio webcast will be available on Evercore’s website.
Evercore (NYSE: EVR) has been recognized as the Best M&A Adviser in Asia for the first time and the Best M&A Adviser in Singapore for the fifth time by The Asset magazine during its 2021 Triple A Country Awards. The firm has advised on significant transactions, including Jurong Port's S$3 billion acquisition of Universal Terminal and Pacific International Lines' US$3.3 billion debt restructuring. The Singapore office, established in 2015, has grown to become a key hub for Evercore in Asia, reflecting its commitment to delivering top-tier advisory services.
Evercore Wealth Management has appointed Sebastian Granzo as Partner while he continues as Head of Operations and COO at Evercore Trust Company. Granzo, who joined Evercore in 2019 as Managing Director, has a rich background with experience at Shepherd Kaplan Krochuk and JPMorgan Chase. CEO Chris Zander praised Granzo's contributions and leadership. Evercore Wealth Management manages $12.2 billion in client assets and provides investment management, financial planning, and trust services.
Evercore (NYSE: EVR) has authorized a $1.4 billion share repurchase program, allowing for the buyback of up to 10 million shares of its Class A common stock and/or Evercore LP Units. This program aims to offset dilution from annual bonus equity and new hire grants while returning excess cash not needed for business investment. The repurchase will take place in various market conditions without an expiration date, depending on liquidity and other factors.
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.