Evercore Stock Price, News & Analysis

Evercore (NYSE: EVR) is co-hosting a program on digital therapeutics with the Digital Therapeutics Alliance at HLTH 2022 in Las Vegas from November 13-16. The event, titled Digital Therapeutics: An Industry is Growing Up & Breaking Out!, will feature discussions on product launch, reimbursement, and regulatory developments in DTx. Evercore, in its fourth year at HLTH, aims to highlight trends and strategies for enhancing coverage and reimbursement in digital therapeutics, which promise significant health outcomes and economic value.

Evercore (NYSE: EVR) has welcomed Michelle McKenna as a Senior Advisor, focusing on technology, entertainment, and sports. With 30 years of experience, she previously served as the chief information officer for the NFL, where she led significant digital transformation initiatives. McKenna holds a CPA and degrees from Auburn University and Rollins College. Evercore aims to leverage her extensive industry relationships and expertise to enhance its technology and media coverage efforts, as stated by Naveen Nataraj, Co-head of Evercore U.S. Advisory.

Evercore (NYSE: EVR) announced the departure of Chief Financial Officer Celeste Mellet, who will transition to a role with a large alternative asset fund manager. Ms. Mellet will remain with Evercore through February to ensure a smooth transfer of responsibilities. Chairman and CEO John Weinberg expressed gratitude for her contributions, highlighting the firm's strong financial position. Evercore also reported its Q3 2022 financial results today, accessible on their website, with a related conference call scheduled for 8:00 a.m. Eastern Time.

Evercore Inc. (NYSE: EVR) reported Q3 2022 net revenues of $576.9 million, a 30% decline year-over-year, and year-to-date revenues of $1.9 billion, down 11%. Operating income fell to $130.4 million with net income at $82.4 million, reflecting decreased advisory fees and underwriting revenues. The compensation ratio increased to 61.7%. Evercore declared a quarterly dividend of $0.72 per share, with a total of $565.3 million returned to shareholders in 2022. The firm remains focused on its growth strategy amidst market challenges, emphasizing talent acquisition and sector leadership.

Evercore (NYSE: EVR) is set to release its Q3 2022 financial results on October 26, 2022, at 6:45 a.m. ET. The conference call will begin at 8:00 a.m. ET, hosted by John S. Weinberg, Chairman, and Celeste Mellet, CFO. Investors can join by dialling (800) 343-4849 or (203) 518-9856 (passcode: EVRQ322). A live audio webcast will be available on Evercore's website and archived for 30 days. Evercore, founded in 1995, is a leading global independent investment banking advisory firm.

Evercore (NYSE: EVR) has appointed Alexander Krolick as a Senior Managing Director in the Private Capital Markets Group. Based in New York, Krolick will focus on expanding the firm's Infrastructure and Energy debt advisory activities. Previously the Head of Infrastructure and Energy finance at Macquarie Capital, he brings over twenty years of experience in advising on debt capital market transactions. Evercore's leadership expressed optimism about growth opportunities in these sectors.

Evercore (NYSE: EVR) is hosting its second annual Technology Conference in New York on September 7-8, 2022. This invite-only event aims to connect leaders in the technology sector, featuring fireside chats and discussions with over 100 industry participants. Key themes include the evolving technology ecosystem and investment implications.
Marc Harris, Evercore ISI Director of Research, emphasized the conference's role in exploring digital innovation, while John Weinberg, Chairman and CEO, highlights technology as vital for the firm’s growth.

Evercore Inc. (NYSE: EVR) reported net revenues of $630.9 million for Q2 2022, an 8% decline from $687.9 million in Q2 2021. Year-to-date revenues remained flat at $1.4 billion. Advisory revenues hit a record $1.2 billion, marking a 12% increase year-over-year. The company declared a quarterly dividend of $0.72 per share, payable on September 9, 2022. Operating income for Q2 was $146.2 million, down 29% from $207 million in the previous year. The effective tax rate increased to 26%. Evercore continues to focus on capital return, having returned $502 million to shareholders in the first half of the year.