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) has announced that Adam Frisch has joined Evercore ISI as a senior managing director to lead research coverage of the financial technology and IT services sectors. Frisch brings over 25 years of experience, including roles as a top-ranked research analyst, private company executive, and investment banker. He was previously the CEO of Buy It Mobility and spent 14 years as a research analyst at UBS and Morgan Stanley.
Frisch has been recognized as a No. 1 or No. 2 ranked analyst for five consecutive years in Institutional Investor's All-America Research poll. His addition to Evercore ISI is expected to strengthen the company's financials and technology research franchises, benefiting clients with his extensive knowledge and industry network.
Evercore (NYSE: EVR) has announced significant additions to its Paris office, strengthening its presence in the French market. Andrea Bozzi and Charles Andrez have joined as senior managing directors in the strategic advisory practice, while Charles-Henri Filippi has been appointed chairman of Evercore France. These appointments mark a major step in Evercore's expansion of its Investment Banking business in France.
Mr. Bozzi, with over 20 years at Lazard, will focus on advising leading corporates across Europe. Mr. Andrez, previously with Lazard, will develop Evercore's financial sponsors business. Mr. Filippi, a highly respected banker in France, joins from Lazard where he was co-chairman of Lazard Frères SAS.
The Paris office now has over 20 employees and is expected to continue growing. Evercore's EMEA presence includes offices in London, Paris, Frankfurt, Madrid, Tel Aviv, and Dubai, reflecting its commitment to serving corporate and financial sponsor clients across strategic advisory and private capital advisory services.
Evercore (NYSE: EVR) reported its Q2 2024 results with record net revenues of $689.2 million (U.S. GAAP) and $695.3 million (Adjusted), up 38% YoY. Operating income surged by 88% to $108.2 million (U.S. GAAP) and by 80% to $114.3 million (Adjusted). Net income attributable to Evercore doubled to $73.8 million. Diluted EPS soared to $1.81, reflecting significant profitability improvements.
Year-to-date, the company advised on major deals including GE's $36 billion spin-off, Synopsys' $35 billion acquisition of Ansys, and ConocoPhillips' $22.5 billion acquisition of Marathon Oil. Evercore's compensation ratio improved slightly to 66.6%, while its non-compensation costs rose by 18%.
Evercore announced a quarterly dividend of $0.80 per share. The firm returned $395.6 million to shareholders through dividends and share repurchases. The effective tax rate also decreased, contributing to the improved net income.
Evercore (NYSE: EVR) will announce its second quarter 2024 financial results on July 24, 2024, at 6:45 a.m. Eastern Time.
The announcement will be followed by a conference call hosted by Chairman and CEO John S. Weinberg, and CFO Tim LaLonde at 8:00 a.m. The call will include a review of the financial results and a Q&A session.
Investors and analysts can participate via phone or webcast, with the audio archived on the Evercore website for 30 days.
Evercore is a global independent investment banking advisory firm, offering services in mergers and acquisitions, capital raising, equity research, trading, and wealth management.
Evercore Wealth Management has announced the appointment of Paula Stumne as Managing Director and Wealth and Fiduciary Advisor. Based in Minneapolis, Stumne will work with ultra-high-net-worth client families, foundations, and endowments. She joins from Bremer Bank, where she served as a senior wealth advisor. Prior to that, she spent 17 years at Wells Fargo focusing on estate and financial planning, trust and estate administration, and philanthropic planning. She has also been an estate planning attorney at Briggs and Morgan, now Taft Law. CEO Chris Zander highlighted her 25 years of experience as a strong contributor to the firm's growth in the Midwest. Stumne holds a B.S.B. in accounting from the University of Minnesota and a J.D. and LL.M. in taxation from Mitchell Hamline School of Law.
Evercore (NYSE: EVR) announced that its Chairman and CEO, John S. Weinberg, will participate in the Morgan Stanley U.S. Financials Conference on June 11, 2024. The event will feature a fireside chat session starting at 1:45 p.m. ET. A live audio webcast will be available on Evercore's Investor Relations website, with a replay accessible for 30 days post-event.
Evercore is a global independent investment banking advisory firm that provides strategic advice on mergers and acquisitions, shareholder advisory, restructurings, and capital structure. The company also aids in capital raising, equity research, trading execution, and wealth management services. Founded in 1995, Evercore is headquartered in New York and operates globally.
Behavox announced its Q1 2024 financial results, reporting a 51% increase in revenue and marking its second consecutive quarter of profitability. The growth is driven by high demand for its AI-driven compliance solutions, particularly the Quantum AI product.
Major deals with BNY Mellon, Vitol, and Evercore, as well as successful implementation with Brevan Howard, have bolstered the company's revenue. Behavox aims for 20% operating margins by 2025 while continuing to invest in AI research.
The company's financial stability is underscored by its ongoing investment in cutting-edge AI technology, contributing to higher model accuracy and broader risk coverage.
Evercore (NYSE: EVR) will host its 3rd Annual Global Clean Energy & Transition Technologies Summit on June 11-12, 2024, at the Mandarin Oriental Hotel in New York City. The event will feature over 70 leading companies in sectors like mobility, renewable power, energy storage, and hydrogen. Keynote speakers include John Podesta and Robert Friedland. Industry leaders such as Enphase Energy, General Motors, and Tesla will present, along with investment professionals. This invite-only event aims to foster discussions on energy transition and investment opportunities.
Evercore (NYSE: EVR) welcomed Jeffrey Haller as a senior managing director in the financial institutions group in New York. With over 20 years of experience in financial institutions, Haller will focus on wealth and asset management sectors. Evercore's independent advice and client solutions position them uniquely to serve clients in a changing industry.
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