Welcome to our dedicated page for Moelis & Co news (Ticker: MC), a resource for investors and traders seeking the latest updates and insights on Moelis & Co stock.
Moelis & Company (NYSE: MC) is a global independent investment bank whose news flow is closely tied to its advisory activities and corporate developments. The firm regularly issues press releases and SEC-referenced announcements covering quarterly and annual financial results, leadership and board changes, senior hiring, and the expansion of its advisory platform across regions and products.
Investors following MC news can expect detailed earnings releases that discuss revenues, net income, operating expenses, and non-GAAP measures such as Adjusted revenues and Adjusted pre-tax margin. These updates often explain how activity in mergers and acquisitions, capital markets, and capital structure advisory has influenced performance, and they may highlight trends in average fees per completed transaction.
Moelis & Company also frequently announces dividend declarations, share repurchases, and commentary on its balance sheet, including references to cash and liquid investments and the absence of funded debt or goodwill in the periods described. In addition, the firm issues news on senior leadership transitions, such as changes in the roles of its founder and co-founders, and on board appointments of independent directors.
Another recurring theme in MC news is growth and hiring. The company reports the addition of Managing Directors focused on M&A, capital markets, metals & mining, technology, business services, and private capital advisory, as well as appointments within its Private Funds Advisory business. Moelis & Company’s participation in financial services conferences hosted by institutions like Goldman Sachs and Morgan Stanley is also highlighted in its announcements.
For readers and investors, this news page provides a centralized view of Moelis & Company’s financial reporting, strategic hires, leadership updates, and capital management actions, offering context on how the firm is evolving within the investment banking and securities dealing industry.
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Moelis & Company (NYSE: MC) reported a significant drop in financial performance for Q1 2023. GAAP revenues fell to $187.8 million, down 38% year-over-year, reflecting a decrease in transaction completions and average fees. Net income was $3.6 million, or $0.05 per diluted share, compared to $73.0 million and $0.95 per share in the prior year. The firm is expanding its technology investment banking segment, appointing Jason Auerbach as Global Head and hiring several new Managing Directors. Despite the challenges, Moelis maintains a strong financial position with $170.3 million in cash and no debt. A quarterly dividend of $0.60 per share was declared, and the firm repurchased 1.1 million shares for $44.5 million to cover employee tax liabilities.
Moelis & Company (NYSE: MC) has announced the appointment of Jason Auerbach as the Global Head of Technology Investment Banking and the addition of 10 Managing Directors to its technology team. This expansion effectively doubles Moelis's technology-focused personnel to 25 globally, located in major US cities including New York, San Francisco, and Boston.
Auerbach, with over 25 years of experience in technology investment banking, aims to enhance the firm's advisory capabilities in crucial technology subsectors such as Application Software, Infrastructure & Security Software, and FinTech. This move aligns with the firm's strategic priority to strengthen its position in the rapidly growing technology sector.
Moelis (NYSE: MC) is set to release its Q1 2023 financial results on April 26, 2023, after market close. The CEO Ken Moelis and CFO Joe Simon will host a conference call at 5:00 PM ET to discuss the results, followed by a Q&A session.
Investors can join the call via phone or listen to the live audio webcast on Moelis' official website. A replay of the call will be available for one month post-event for those unable to attend the live session.
Moelis & Company is a prominent independent investment bank providing strategic advice across various sectors, focusing on M&A, capital markets, and corporate finance.
Moelis & Company (NYSE: MC) announced management changes effective October 1, 2023. Elizabeth Crain, a Founding Partner and COO since 2007, has been appointed Vice Chair. She will lead critical strategic initiatives and client sponsorship globally. Kate Pilcher Ciafone, previously COO of Investment Banking since 2019, has been promoted to COO, taking over from Crain. Both leaders bring extensive experience in investment banking, aiming to drive the firm’s growth and strategic vision. Crain's leadership, recognized by Barron’s as one of the 100 Most Influential Women in U.S. Finance, strengthens Moelis’s commitment to delivering high-quality advice to clients worldwide.
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