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) announced that Ralph Schlosstein will step down as Co-Chairman and Co-CEO on February 25, 2022, transitioning to Chairman Emeritus. John S. Weinberg will assume the role of sole Chairman and CEO. Schlosstein held leadership since May 2009 and contributed significantly to the firm's growth and market position. Roger Altman, Founder, praised Schlosstein's tenure, noting record revenues during his leadership. Weinberg emphasized a commitment to excellence and growth, ensuring a bright future for Evercore.
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Evercore announces the addition of Thomas Sabatier as Vice President in its Private Capital Advisory group in London. With over seven years in the secondaries market, Mr. Sabatier aims to enhance advisory services for limited partners. He joins former colleagues from Triago to focus on sale processes amid an increasing buyer appetite for LP transactions. Evercore (NYSE: EVR) underscores its commitment to market leadership in secondary advisory services, despite notable growth in GP-led solutions.
Evercore (NYSE: EVR) is set to announce its third quarter 2021 financial results on October 27, 2021, at 6:45 a.m. Eastern Time. A related conference call will commence at 8:00 a.m., led by Co-Chairmen Ralph L. Schlosstein and John S. Weinberg, along with CFO Celeste Mellet. This one-hour call will provide insights into the firm’s financial performance and include a Q&A session. Investors can participate by phone or via a live audio webcast available on Evercore's website.
Evercore (NYSE: EVR) has appointed Adi Jayaraman as Senior Managing Director in its Investment Banking division, focusing on Technology Advisory and FinTech globally. With nearly two decades of experience, Jayaraman joins from Citi and aims to enhance Evercore's presence in the rapidly evolving FinTech sector. Co-CEOs Ralph Schlosstein and John S. Weinberg emphasize the strategic priority of building a strong franchise in this area.
Evercore (NYSE: EVR) has appointed Brad David as a Senior Managing Director in its Investment Banking unit, specifically the Financial Sponsors Group, based in Los Angeles. With over 20 years of industry experience, he previously served at Credit Suisse. Co-CEOs Ralph Schlosstein and John S. Weinberg praised his extensive relationships and reputation in the financial sponsor sector. Mr. David expressed enthusiasm for joining Evercore's distinguished advisory team, aiming to leverage its capabilities for financial sponsors.
Evercore Inc. (EVR) reported record financial results for Q2 2021, with net revenues of $687.9 million, a 36% increase from Q2 2020, and year-to-date revenues reaching $1.4 billion, up 45% year-over-year. Operating income surged to $207.0 million, marking a 139% rise compared to the same period last year. The firm achieved a diluted EPS of $3.21, representing a 138% increase. Advisory revenues exceeded $1 billion in the first half of 2021, underscoring strong performance across various capabilities. A quarterly dividend of $0.68 per share was declared, alongside $496.3 million returned to shareholders in the first half of the year.
Evercore Wealth Management has appointed Eva Anthony as Managing Director and Wealth & Fiduciary Advisor. Anthony joins from BNY Mellon Wealth Management, bringing extensive experience in fiduciary and planning advice for high net worth clients. With a background as a trusts and estate lawyer, she aims to enhance the firm's services in complex wealth planning. CEO Chris Zander expressed confidence in her ability to support the firm’s growth. Evercore Wealth Management manages $10.6 billion in client assets as of March 31, 2021, further solidifying its position in the financial sector.
Evercore (NYSE: EVR) has welcomed David Markson as Managing Director in its Private Capital Advisory group, based in New York. Markson, with over 12 years of experience in the secondaries market, aims to enhance advisory services to limited partners in secondary transactions. He is joined by colleagues James Fish and Michael Bynarowicz from Triago. The firm's PCA group is recognized as a leader in private equity secondaries, with expectations of significant growth in this market segment.
Evercore (NYSE: EVR) is set to report its second quarter 2021 financial results on July 28, 2021, at 8:00 a.m. Eastern Time. The conference call will feature insights from Co-Chairmen Ralph L. Schlosstein and John S. Weinberg, along with CFO Robert B. Walsh. A question and answer session will follow the financial review, lasting about one hour. Investors can join the call by dialing (877) 359-9508 for domestic or (224) 357-2393 for international participation. A replay will be available for one week after the call, and a live audio webcast will be accessible on Evercore’s website.