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.
Overview
Evercore (EVR) is a premier global independent investment banking advisory firm known for its expertise in investment banking, corporate advisory and equity research. Since its inception, the firm has established a reputation for delivering independent and innovative advice on strategic transactions to a sophisticated clientele including boards of directors, management teams, and institutional investors.
Business Model and Service Offerings
At its core, Evercore operates by providing tailored advisory services across a range of financial and strategic areas. The firm’s comprehensive service portfolio is designed to support clients through complex decisions and transactions. Its offerings include:
- Mergers and Acquisitions Advisory: Guiding clients through intricate merger and acquisition transactions with a focus on strategic fit and value creation.
- Restructuring and Capital Structure Advisory: Assisting companies in optimizing capital structures and navigating corporate restructurings.
- Strategic Shareholder Advisory: Helping boards of directors and management teams in making informed decisions regarding shareholder engagements.
- Capital Raising: Facilitating both public and private capital initiatives that enable companies to secure growth capital.
- Equity Research and Sales: Delivering research-driven insights and execution capabilities in equity markets.
- Wealth and Investment Management: Providing investment management strategies to high net worth individuals and institutional investors.
Global Presence and Market Position
With its headquarters located in New York and a network of offices in major financial centers across North America, Europe, South America, the Middle East, and Asia, Evercore has cultivated a truly global presence. This expansive geographic reach enables the firm to leverage local market insights while maintaining globally recognized standards of excellence and independence. Evercore’s meticulous approach in advising on strategic matters and complex financial transactions has positioned it as a trusted partner in the competitive landscape of financial services.
Competitive Distinction and Expertise
Evercore distinguishes itself through its commitment to providing independent advice that is free from conflicts of interest. The firm’s analytical rigor, coupled with a deep understanding of market dynamics and transactional intricacies, underpins its ability to craft innovative solutions tailored to each client’s unique needs. This focus on expertise and trustworthiness is further enhanced by its ability to integrate research insights with practical advisory experience, thereby creating a balanced and comprehensive support system for corporate decision-making.
Client Focus and Strategic Insights
Evercore serves a diverse range of clients—from large multinational corporations to high net worth individuals—ensuring that the advisory process is both holistic and deeply informed by industry- and market-specific trends. The firm’s strategic insights into mergers and acquisitions, corporate restructuring, and capital market transactions provide clients with a robust platform for decision-making. This client-centric approach is embodied in every aspect of the firm’s work, from initial consultations to the execution of nuanced financial strategies.
Integration of Research and Advisory Services
Complementing its advisory functions, Evercore also operates a significant equity research division that informs its market strategies and client recommendations. By integrating comprehensive research with actionable insights, the firm ensures that its client solutions are not only innovative but also based on a solid foundation of market intelligence and financial analysis. This dual focus on research and execution makes Evercore a reliable resource for understanding complex financial landscapes.
Summary
Overall, Evercore has built a legacy on the pillars of independent advisory expertise, global reach, and high-caliber execution in the realm of strategic financial planning. Its ability to interlink detailed market research with strategic advisory services underscores its commitment to delivering value and informed decision-making support to its clients in an ever-evolving financial environment.
Evercore Wealth Management (NYSE: EVR) has announced the promotion of three professionals to partner positions. Paulo Coelho and Neza Gallitano serve as wealth & fiduciary advisors, while Alex Lyden holds the position of chief fiduciary officer at Evercore Trust Company.
Coelho, who joined in 2012, specializes in strategic wealth planning for families and foundations. Gallitano, a 2023 hire, brings expertise in comprehensive wealth planning with CFP® and CDFA® certifications. Lyden, who joined in 2021, serves as director of Delaware Trust Services and chairs both the Personal Trust Advisory Committee and Fiduciary Oversight Group.
The firm manages $13.8 billion in client assets as of December 31, 2024, providing strategic wealth planning, investment management, and trust services to high-net-worth families, foundations, and endowments across the United States through its wealth management subsidiary and Wilmington-based trust company.
Evercore (NYSE: EVR) has announced the appointment of Joe Modisett as Senior Managing Director in their Healthcare Investment Banking group, based in New York. Modisett brings over 25 years of healthcare investment banking experience, most recently serving as managing director and global head of healthcare investment banking at Morgan Stanley.
The appointment strengthens Evercore's healthcare division, particularly in biopharma, where Modisett's deep industry connections are expected to enhance the firm's existing relationships. Modisett, who holds a B.S. from the University of North Carolina at Chapel Hill, expressed enthusiasm about joining Evercore, citing the pharmaceutical industry's critical need for innovative financial strategies to support medical advancements.
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.
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