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) reported record Q4 2020 results, achieving net revenues of $927.3 million, up 40% year-over-year, and annual revenues of $2.26 billion, a 13% increase. The operating income surged by 108% to $326.7 million, leading to net income of $220.4 million. Diluted EPS rose to $5.02, reflecting a 102% growth. The company declared a quarterly dividend of $0.61 per share and returned $265.4 million to shareholders in 2020. The strong performance was attributed to recovery in M&A markets and solid capital-raising activities.
Evercore (NYSE: EVR) will announce its Q4 and full year 2020 financial results on February 3, 2021, at 8:00 a.m. ET. Co-Chairmen Ralph Schlosstein and John Weinberg, along with CFO Robert Walsh, will present the results followed by a Q&A session. Investors can join the live conference call by dialing (877) 359-9508 domestically or (224) 357-2393 internationally; passcode: 8631259. A replay will be available for one week, and a live audio webcast will also be accessible on Evercore’s website.
Evercore (NYSE: EVR) has appointed Kristen Grippi as the new Senior Managing Director and Head of Equity Capital Markets (ECM). With over 20 years of experience, Grippi transitions from Goldman Sachs, where she led the Industrials ECM Group. Her experience includes overseeing more than 300 bookrun transactions. Evercore's Co-CEOs expressed confidence in her leadership capabilities, citing the strategic importance of the ECM business, which has seen significant growth. Grippi aims to enhance Evercore's advisory services across various sectors.
Evercore Inc. (NYSE: EVR) reported its third quarter results for 2020, reflecting flat net revenues of $402.5 million, unchanged from Q3 2019. Year-to-date revenues decreased by 1% to $1.34 billion. Operating income fell 9% to $63.7 million, with net income attributed to Evercore at $42.6 million, down 2%. A notable highlight was a 278% increase in underwriting revenue, reaching $66.5 million for the quarter. Evercore increased its quarterly dividend by 5% to $0.61 per share. The firm maintained a strong cash position and continued its capital return strategy, returning $233.9 million to shareholders this year.
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Evercore Partners Mexico (EPM) announced that CEO Augusto Arellano and Senior Managing Director Arturo Ramirez are leaving to establish TACTIV, an independent advisory firm, while forming a strategic alliance with Evercore. They have extensive experience in the Mexican market and notable achievements, including Fibra transactions. Arellano emphasized the repositioning of their business in Mexico to better serve clients and mentioned the acquisition of Evercore Casa de Bolsa to enhance capital markets advisory. The alliance aims to leverage Evercore's global reach while providing local expertise.