Evercore Stock Price, News & Analysis

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.

Evercore (NYSE: EVR) announces its 7th annual HealthCONx Conference to be held at the Loews Coral Gables Hotel in Florida, December 3-5, 2024. The invite-only event will feature over 600 industry experts and leaders from more than 225 healthcare companies. The conference will cover major healthcare verticals including Biotechnology, Pharma, Healthcare Distribution, Services & Technology, Life Science Tools & Diagnostics, and Healthcare Facilities & Managed Care. Attendees will participate in panels, fireside chats, investor meetings, and company-hosted dinners.

Evercore ISI has maintained its position as the #1 firm in U.S. Equity Research for the third consecutive year in Extel's All-America Equity Research survey. The firm's analysts secured 47 Top 3 or Runner Up positions, including 17 No. 1 rankings, up from 15 in 2023. Notable achievements include Ed Hyman's 44th consecutive year as No. 1 in Economics, and first-time No. 1 rankings for Elizabeth Anderson, Mark Mahaney, and Oscar Sloterbeck in their respective sectors. The 2024 survey reflects opinions from over 4,300 investment professionals across 1,600+ asset management firms and institutions.