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 has appointed Eva Anthony as Managing Director and Wealth & Fiduciary Advisor. Anthony joins from BNY Mellon Wealth Management, bringing extensive experience in fiduciary and planning advice for high net worth clients. With a background as a trusts and estate lawyer, she aims to enhance the firm's services in complex wealth planning. CEO Chris Zander expressed confidence in her ability to support the firm’s growth. Evercore Wealth Management manages $10.6 billion in client assets as of March 31, 2021, further solidifying its position in the financial sector.
Evercore (NYSE: EVR) is set to report its second quarter 2021 financial results on July 28, 2021, at 8:00 a.m. Eastern Time. The conference call will feature insights from Co-Chairmen Ralph L. Schlosstein and John S. Weinberg, along with CFO Robert B. Walsh. A question and answer session will follow the financial review, lasting about one hour. Investors can join the call by dialing (877) 359-9508 for domestic or (224) 357-2393 for international participation. A replay will be available for one week after the call, and a live audio webcast will be accessible on Evercore’s website.
Evercore (NYSE: EVR) has welcomed David Markson as Managing Director in its Private Capital Advisory group, based in New York. Markson, with over 12 years of experience in the secondaries market, aims to enhance advisory services to limited partners in secondary transactions. He is joined by colleagues James Fish and Michael Bynarowicz from Triago. The firm's PCA group is recognized as a leader in private equity secondaries, with expectations of significant growth in this market segment.
Evercore Wealth Management has appointed Justin Miller as Partner and National Director of Wealth Planning, in addition to his role as Senior Wealth and Fiduciary Advisor in San Francisco. Previously, Miller served as a national wealth strategist at BNY Mellon, focusing on tax, trusts, and estates. His extensive background includes leadership roles in bar associations and academia. Evercore Wealth Management, a subsidiary of Evercore (NYSE: EVR), manages approximately $10.6 billion in client assets, providing tailored investment management and fiduciary services.
Evercore (NYSE: EVR) has welcomed George Karalis as a Managing Director in its Debt Advisory Group in London. He will lead the firm's market risk and hedging advisory practice, focusing on foreign exchange, interest rates, inflation, and commodity price risks associated with cross-border M&A and financing. Karalis has over 15 years of experience, previously working at Centrus Advisors and Chatham Financial. Finula Cilliers, the team's founder, transitions to a Senior Advisor role. Head of European Debt Advisory Group, Swag Ganguly, emphasized the significance of independent advice in today's market.
Evercore (NYSE: EVR) announced that Co-CEO John S. Weinberg will participate in the Morgan Stanley Virtual U.S. Financials Conference on June 14, 2021, at 1:15 p.m. ET. The event features a fireside chat session, which aims to provide insights into the financial industry.
A live audio webcast will be available on Evercore's investor website, with a replay accessible for 30 days post-event. Evercore is a leading independent investment banking advisory firm, dedicated to delivering strategic financial advice and raising capital for clients worldwide.
Evercore (NYSE: EVR) has appointed Celeste Mellet Brown as its new Chief Financial Officer, effective September 1, 2021. She succeeds Robert B. Walsh, who is retiring December 31, 2021. Mellet Brown, a seasoned finance executive with over 20 years of experience, previously served as CFO at Fannie Mae and held various roles at Morgan Stanley. Her appointment is expected to support Evercore's growth strategy. Both Co-CEOs praised Walsh's contributions and expressed confidence in Mellet Brown's leadership abilities.
Evercore Wealth Management has appointed Alex Lyden-Horn as Managing Director, overseeing Delaware Trust Services and serving as Trust Counsel. Previously President at Christiana Trust Company, he brings extensive experience in fiduciary services. His addition aims to enhance Evercore's capabilities in trust and fiduciary services. Lyden-Horn, a Yale graduate and a member of the Pennsylvania, New Jersey, and Delaware bars, was recognized in 2021 as one of the “40 Under 40 in Wealth Management” by the American Bankers Association. He will operate from the Wilmington, Delaware office.
Evercore Inc. (NYSE: EVR) reported record results for Q1 2021, achieving net revenues of $662.3 million, a 55% increase year-over-year. Operating income soared by 294% to $194.2 million, with net income attributable to Evercore up 363% at $144.4 million. Diluted EPS reached $3.25. The firm retained its #1 league table ranking in M&A, advising on the largest U.S. transactions. In capital return, a quarterly dividend of $0.68 was announced, up 11.5%, and $275.3 million was returned to shareholders through buybacks and dividends.
Evercore (NYSE: EVR) is set to release its first quarter 2021 financial results on April 28, 2021. The announcement will be followed by a conference call at 8:00 a.m. ET, featuring insights from Co-Chairmen and Co-CEOs Ralph L. Schlosstein and John S. Weinberg, and CFO Robert B. Walsh. Investors can join via telephone or listen to a live webcast on Evercore’s website. A replay will be available for one week post-call.
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