Evercore Inc. - EVR STOCK NEWS

Evercore (NYSE: EVR) announced that Co-CEO Ralph L. Schlosstein will speak at the Goldman Sachs 2021 U.S. Financial Services Conference in New York on December 8, 2021, at 11:20 a.m. ET. A live audio webcast will be available on Evercore's website, with a replay accessible for 30 days post-event. As a global independent investment banking advisory firm, Evercore specializes in strategic advisory services such as mergers and acquisitions and capital raising.

Evercore (NYSE: EVR) announced the onboarding of Jonathon Kaufman and Ted Michaels as Senior Managing Directors in its Investment Banking division, focusing on the Infrastructure, Utilities, and Renewables Group. Kaufman, formerly with Credit Suisse, will lead initiatives in Utilities and Renewables, leveraging his extensive experience in M&A and capital markets. Michaels, also from Credit Suisse, has a notable track record in clean energy transactions. Evercore Co-CEOs emphasized the importance of energy transition and the strategic opportunities in renewables, highlighting Kaufman’s and Michaels’ industry expertise as a significant asset.

Evercore Inc. (NYSE: EVR) reported record Q3 2021 revenues of $823.6 million, a 105% increase from Q3 2020, with net income of $159.5 million. Year-to-date results show revenues of $2.17 billion, up 63% from 2020. Advisory fees surged 162%, while underwriting fees decreased 18%. The company declared a quarterly dividend of $0.68 per share, to be paid on December 10, 2021. With strong advisory performance and a robust hiring strategy, the firm remains optimistic about future growth. Evercore also returned $631.5 million to shareholders YTD, demonstrating confidence in financial stability.

Evercore (NYSE: EVR) announced that Ralph Schlosstein will step down as Co-Chairman and Co-CEO on February 25, 2022, transitioning to Chairman Emeritus. John S. Weinberg will assume the role of sole Chairman and CEO. Schlosstein held leadership since May 2009 and contributed significantly to the firm's growth and market position. Roger Altman, Founder, praised Schlosstein's tenure, noting record revenues during his leadership. Weinberg emphasized a commitment to excellence and growth, ensuring a bright future for Evercore.

Evercore announces the addition of Thomas Sabatier as Vice President in its Private Capital Advisory group in London. With over seven years in the secondaries market, Mr. Sabatier aims to enhance advisory services for limited partners. He joins former colleagues from Triago to focus on sale processes amid an increasing buyer appetite for LP transactions. Evercore (NYSE: EVR) underscores its commitment to market leadership in secondary advisory services, despite notable growth in GP-led solutions.

Evercore (NYSE: EVR) is set to announce its third quarter 2021 financial results on October 27, 2021, at 6:45 a.m. Eastern Time. A related conference call will commence at 8:00 a.m., led by Co-Chairmen Ralph L. Schlosstein and John S. Weinberg, along with CFO Celeste Mellet. This one-hour call will provide insights into the firm’s financial performance and include a Q&A session. Investors can participate by phone or via a live audio webcast available on Evercore's website.

Evercore (NYSE: EVR) has appointed Adi Jayaraman as Senior Managing Director in its Investment Banking division, focusing on Technology Advisory and FinTech globally. With nearly two decades of experience, Jayaraman joins from Citi and aims to enhance Evercore's presence in the rapidly evolving FinTech sector. Co-CEOs Ralph Schlosstein and John S. Weinberg emphasize the strategic priority of building a strong franchise in this area.

Evercore (NYSE: EVR) has appointed Brad David as a Senior Managing Director in its Investment Banking unit, specifically the Financial Sponsors Group, based in Los Angeles. With over 20 years of industry experience, he previously served at Credit Suisse. Co-CEOs Ralph Schlosstein and John S. Weinberg praised his extensive relationships and reputation in the financial sponsor sector. Mr. David expressed enthusiasm for joining Evercore's distinguished advisory team, aiming to leverage its capabilities for financial sponsors.