Evercore Stock Price, News & Analysis

Evercore (NYSE: EVR) has announced its 2nd annual Private Markets Forum to be held in New York City on March 11-12, 2025. The event will bring together executives and experts from over 20 leading private markets asset management companies alongside investment professionals.

Glenn Schorr, Evercore ISI senior managing director, highlighted the significance of the forum during "one of the most interesting times in the history of the asset management industry." Marc Harris, Evercore ISI Director of Research, noted that discussions will focus on critical topics including:

• Opportunities within private credit and insurance
• Private markets financing for infrastructure and energy transition
• LP consolidation trends with fewer, larger GPs
• Evolving landscape for nontraditional liquidity events
• Growth opportunities across wealth management channels

Participating companies include industry leaders such as Apollo, BlackRock/GIP, Blackstone, KKR & Co., and TPG. This is an invite-only event, with institutional investors directed to contact their Evercore ISI salesperson for details.

Evercore (NYSE: EVR) has announced the appointment of David Kamo as Senior Managing Director to enhance its financial sponsor M&A advisory business in New York. Kamo brings over 25 years of M&A experience, most recently serving as partner and Global Head of Financial Sponsor M&A at Goldman Sachs.

Jason Sobol, co-head of Evercore's U.S. Investment Banking business, highlighted Kamo's M&A execution excellence and strong relationships within the sponsor community. The appointment aims to strengthen Evercore's M&A expertise across industries and complement their existing financial sponsor coverage.

Founded in 1995, Evercore is a global independent investment banking advisory firm headquartered in New York, offering services in strategic and financial advisory, capital raising, equity research, and wealth management.

Evercore (NYSE: EVR) reported strong financial results for Q4 and full year 2024. Fourth quarter net revenues reached $975.3 million (U.S. GAAP) and $980.5 million (Adjusted), increasing 24% versus 2023. Full year revenues hit $3.0 billion on both GAAP and Adjusted basis, up 23% from 2023.

Q4 operating income grew 81% to $212.6 million (GAAP) and 76% to $217.7 million (Adjusted). Operating margins improved significantly to 21.8% (GAAP) and 22.2% (Adjusted). Advisory fees increased 29% in Q4 and 24% for the full year, driven by large transactions.

The company advised on three of the top seven global transactions in 2024, including Summit Materials' $11.5 billion sale to Quikrete. Evercore returned $590.6 million to shareholders through dividends and share repurchases in 2024, buying back 2.3 million shares at an average price of $193.40. The company declared a quarterly dividend of $0.80 per share.

Evercore (NYSE: EVR) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 5, 2025, at 6:45 a.m. Eastern Time. The company will host a conference call at 8:00 a.m. ET the same day, featuring Chairman and CEO John S. Weinberg and CFO Tim LaLonde, who will review the financial results followed by a Q&A session.

Participants can join the call by dialing (800) 445-7795 (domestic) or (785) 424-1699 (international) with passcode EVRQ424. A live audio webcast will be available on Evercore's website and archived for 30 days. The conference call is expected to last approximately one hour.

Evercore Wealth Management has appointed Jonathan Kropf as partner and head of its San Francisco office, as well as managing director at Evercore Trust Company NA. Kropf, who joined in January 2025 from IEQ Capital, brings experience from First Republic Private Wealth Management and the SEC. He succeeds Keith McWilliams, who continues as a partner and wealth advisor at the firm.

The appointment aims to strengthen Evercore's presence in San Francisco and enhance its wealth management services. The firm, listed on NYSE as EVR, manages $13.8 billion in client assets as of September 30, 2024, serving high-net-worth families, foundations, and endowments across the United States through customized strategic wealth planning, investment management, and trust services.

Evercore (NYSE: EVR) has announced its 11th annual Utility CEO Conference, scheduled for January 8-10, 2025, in Scottsdale, Arizona. The conference will feature 33 leading utility companies, marking a record-breaking attendance, with most represented by their CEOs.

The event focuses on the power & utilities sector's important role in the AI revolution, particularly regarding data center power demands. According to Evercore ISI Managing Director Durgesh Chopra, data center load is expected to surge from 25 GW in 2024 to over 80 GW by 2030. The conference will explore key themes including renewable energy generation, grid resiliency investments, and smart grid technologies.

Matthew Aks, senior strategist of international political affairs and public policy at Evercore ISI, will deliver a keynote address on Trump administration policies affecting the sector. The invite-only event brings together top-tier companies and influential investors to discuss the future of utilities in driving sustained economic growth.

Evercore (NYSE: EVR) announced that its CEO, John S. Weinberg, will participate in the Goldman Sachs 2024 Financial Services Conference in New York on December 10, 2024. The session will start at 10:40 a.m. Eastern Time. A live audio webcast will be available on Evercore's website under the Investor Relations section, with a replay accessible for 30 days post-event.

Evercore is a global independent investment banking advisory firm, providing strategic and financial advice on mergers and acquisitions, shareholder advisory, restructurings, and capital structure. They assist in raising public and private capital, offer equity research, sales, trading execution, and wealth management services. Founded in 1995, the firm has offices in major financial centers worldwide.

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Evercore Wealth Management has appointed Tracy Schneider as Managing Director and Director of Marketing and Sales Coordination. Based in New York City, Schneider will manage marketing efforts and work with Evercore Wealth Management and Trust Company advisors serving ultra-high-net-worth families, foundations, and endowments. She joins from J.P. Morgan Wealth Management, where she was an executive director. Evercore Wealth Management currently manages $13.8 billion in client assets as of September 30, 2024, offering strategic wealth planning, investment management, and trust services through its subsidiary Evercore Trust Company N.A.

Evercore (NYSE: EVR) has strengthened its Financial Institutions Group with the appointment of Eric Neveux and Graham Nix as senior managing directors based in Chicago and New York, respectively. Neveux joins from Goldman Sachs with over 20 years of experience, where he was partner and head of banks and specialty finance for the Americas. Nix brings nearly 20 years of experience from Morgan Stanley, where he served as managing director in the financial institutions group. The appointments align with Evercore's strategic expansion of its banking sector expertise, as the company anticipates growth and consolidation in the banking sector moving into 2025 and beyond.