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 Wealth Management has appointed Justin Miller as Partner and National Director of Wealth Planning, in addition to his role as Senior Wealth and Fiduciary Advisor in San Francisco. Previously, Miller served as a national wealth strategist at BNY Mellon, focusing on tax, trusts, and estates. His extensive background includes leadership roles in bar associations and academia. Evercore Wealth Management, a subsidiary of Evercore (NYSE: EVR), manages approximately $10.6 billion in client assets, providing tailored investment management and fiduciary services.
Evercore (NYSE: EVR) has welcomed George Karalis as a Managing Director in its Debt Advisory Group in London. He will lead the firm's market risk and hedging advisory practice, focusing on foreign exchange, interest rates, inflation, and commodity price risks associated with cross-border M&A and financing. Karalis has over 15 years of experience, previously working at Centrus Advisors and Chatham Financial. Finula Cilliers, the team's founder, transitions to a Senior Advisor role. Head of European Debt Advisory Group, Swag Ganguly, emphasized the significance of independent advice in today's market.
Evercore (NYSE: EVR) announced that Co-CEO John S. Weinberg will participate in the Morgan Stanley Virtual U.S. Financials Conference on June 14, 2021, at 1:15 p.m. ET. The event features a fireside chat session, which aims to provide insights into the financial industry.
A live audio webcast will be available on Evercore's investor website, with a replay accessible for 30 days post-event. Evercore is a leading independent investment banking advisory firm, dedicated to delivering strategic financial advice and raising capital for clients worldwide.
Evercore (NYSE: EVR) has appointed Celeste Mellet Brown as its new Chief Financial Officer, effective September 1, 2021. She succeeds Robert B. Walsh, who is retiring December 31, 2021. Mellet Brown, a seasoned finance executive with over 20 years of experience, previously served as CFO at Fannie Mae and held various roles at Morgan Stanley. Her appointment is expected to support Evercore's growth strategy. Both Co-CEOs praised Walsh's contributions and expressed confidence in Mellet Brown's leadership abilities.
Evercore Wealth Management has appointed Alex Lyden-Horn as Managing Director, overseeing Delaware Trust Services and serving as Trust Counsel. Previously President at Christiana Trust Company, he brings extensive experience in fiduciary services. His addition aims to enhance Evercore's capabilities in trust and fiduciary services. Lyden-Horn, a Yale graduate and a member of the Pennsylvania, New Jersey, and Delaware bars, was recognized in 2021 as one of the “40 Under 40 in Wealth Management” by the American Bankers Association. He will operate from the Wilmington, Delaware office.
Evercore Inc. (NYSE: EVR) reported record results for Q1 2021, achieving net revenues of $662.3 million, a 55% increase year-over-year. Operating income soared by 294% to $194.2 million, with net income attributable to Evercore up 363% at $144.4 million. Diluted EPS reached $3.25. The firm retained its #1 league table ranking in M&A, advising on the largest U.S. transactions. In capital return, a quarterly dividend of $0.68 was announced, up 11.5%, and $275.3 million was returned to shareholders through buybacks and dividends.
Evercore (NYSE: EVR) is set to release its first quarter 2021 financial results on April 28, 2021. The announcement will be followed by a conference call at 8:00 a.m. ET, featuring insights from Co-Chairmen and Co-CEOs Ralph L. Schlosstein and John S. Weinberg, and CFO Robert B. Walsh. Investors can join via telephone or listen to a live webcast on Evercore’s website. A replay will be available for one week post-call.
Evercore (NYSE: EVR) has appointed Juan Pedro Pérez Cózar as Senior Managing Director and Head of Advisory for Iberia. Based in Madrid, he brings 23 years of experience, having previously worked at Rothschild and Dresdner Kleinwort Wasserstein. Pérez Cózar has advised on around 100 transactions in the Iberian market, including significant M&A deals and equity capital markets. This strategic hire aims to expand Evercore's advisory business in Europe and strengthens its local capabilities by adding expertise in equity capital and debt advisory.
Evercore (NYSE: EVR) has announced the appointment of Mark S. Mahaney as Senior Managing Director and Head of Internet Research. Mahaney brings over 20 years of experience in Internet stock analysis, previously recognized as a top analyst by Institutional Investor. CEO Mike Paliotta emphasized the strategic importance of this hire in enhancing Evercore ISI's research capabilities. Mahaney expressed eagerness to lead the Internet team during this dynamic period. Evercore provides independent advisory services and equity research, focusing on mergers, restructurings, and capital fundraising.
Evercore Wealth Management has announced the promotion of three individuals to Partner and two to Managing Director. The new Partners include Ruth Calaman, General Counsel, who has extensive compliance experience, Howard Cure, Director of Municipal Bond Research, and Ashley Ferriello, a Wealth & Fiduciary Advisor. The new Managing Directors are Paulo Coelho, also a Wealth & Fiduciary Advisor, and Jennifer Tse, focused on financial planning. CEO Chris Zander praised the promoted employees for their dedication and client focus, enhancing Evercore's leadership structure.