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Evercore Inc. (NYSE: EVR) is a leading global independent investment banking advisory firm, renowned for delivering superior results through independent and innovative advice. Established in 1995 and headquartered in New York, Evercore is dedicated to assisting its clients with strategic matters that are of critical importance to boards of directors, management teams, and shareholders. The firm's core services include mergers and acquisitions, strategic shareholder advisories, restructurings, and capital structure consulting.
Evercore is also a prominent player in capital markets, supporting clients in raising both public and private capital. Additionally, the firm offers comprehensive equity research, sales, and trading execution services. High net worth and institutional investors benefit from Evercore's wealth and investment management services, further solidifying the firm's all-encompassing approach to financial advisory.
The company's global presence is marked by its offices and affiliate locations in key financial hubs across North America, Europe, South America, the Middle East, and Asia. Evercore went public in 2006 and, as of the end of 2023, employs approximately 2,200 professionals. Notably, about 75% of Evercore's revenue is generated from its operations within the United States, with financial advisory being the primary revenue driver.
Evercore's commitment to excellence and independent advice has established it as a trusted advisor in the financial industry. The firm continues to evolve, embracing new opportunities and delivering unparalleled value to its clients. For more information, please visit www.evercore.com.
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.
Evercore (NYSE: EVR) has appointed Juan Pedro Pérez Cózar as Senior Managing Director and Head of Advisory for Iberia. Based in Madrid, he brings 23 years of experience, having previously worked at Rothschild and Dresdner Kleinwort Wasserstein. Pérez Cózar has advised on around 100 transactions in the Iberian market, including significant M&A deals and equity capital markets. This strategic hire aims to expand Evercore's advisory business in Europe and strengthens its local capabilities by adding expertise in equity capital and debt advisory.
Evercore (NYSE: EVR) has announced the appointment of Mark S. Mahaney as Senior Managing Director and Head of Internet Research. Mahaney brings over 20 years of experience in Internet stock analysis, previously recognized as a top analyst by Institutional Investor. CEO Mike Paliotta emphasized the strategic importance of this hire in enhancing Evercore ISI's research capabilities. Mahaney expressed eagerness to lead the Internet team during this dynamic period. Evercore provides independent advisory services and equity research, focusing on mergers, restructurings, and capital fundraising.
Evercore Wealth Management has announced the promotion of three individuals to Partner and two to Managing Director. The new Partners include Ruth Calaman, General Counsel, who has extensive compliance experience, Howard Cure, Director of Municipal Bond Research, and Ashley Ferriello, a Wealth & Fiduciary Advisor. The new Managing Directors are Paulo Coelho, also a Wealth & Fiduciary Advisor, and Jennifer Tse, focused on financial planning. CEO Chris Zander praised the promoted employees for their dedication and client focus, enhancing Evercore's leadership structure.
Evercore (NYSE: EVR) reported record Q4 2020 results, achieving net revenues of $927.3 million, up 40% year-over-year, and annual revenues of $2.26 billion, a 13% increase. The operating income surged by 108% to $326.7 million, leading to net income of $220.4 million. Diluted EPS rose to $5.02, reflecting a 102% growth. The company declared a quarterly dividend of $0.61 per share and returned $265.4 million to shareholders in 2020. The strong performance was attributed to recovery in M&A markets and solid capital-raising activities.
Evercore (NYSE: EVR) will announce its Q4 and full year 2020 financial results on February 3, 2021, at 8:00 a.m. ET. Co-Chairmen Ralph Schlosstein and John Weinberg, along with CFO Robert Walsh, will present the results followed by a Q&A session. Investors can join the live conference call by dialing (877) 359-9508 domestically or (224) 357-2393 internationally; passcode: 8631259. A replay will be available for one week, and a live audio webcast will also be accessible on Evercore’s website.
Evercore (NYSE: EVR) has appointed Kristen Grippi as the new Senior Managing Director and Head of Equity Capital Markets (ECM). With over 20 years of experience, Grippi transitions from Goldman Sachs, where she led the Industrials ECM Group. Her experience includes overseeing more than 300 bookrun transactions. Evercore's Co-CEOs expressed confidence in her leadership capabilities, citing the strategic importance of the ECM business, which has seen significant growth. Grippi aims to enhance Evercore's advisory services across various sectors.
Evercore Inc. (NYSE: EVR) reported its third quarter results for 2020, reflecting flat net revenues of $402.5 million, unchanged from Q3 2019. Year-to-date revenues decreased by 1% to $1.34 billion. Operating income fell 9% to $63.7 million, with net income attributed to Evercore at $42.6 million, down 2%. A notable highlight was a 278% increase in underwriting revenue, reaching $66.5 million for the quarter. Evercore increased its quarterly dividend by 5% to $0.61 per share. The firm maintained a strong cash position and continued its capital return strategy, returning $233.9 million to shareholders this year.
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