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 (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.
Evercore Partners Mexico (EPM) announced that CEO Augusto Arellano and Senior Managing Director Arturo Ramirez are leaving to establish TACTIV, an independent advisory firm, while forming a strategic alliance with Evercore. They have extensive experience in the Mexican market and notable achievements, including Fibra transactions. Arellano emphasized the repositioning of their business in Mexico to better serve clients and mentioned the acquisition of Evercore Casa de Bolsa to enhance capital markets advisory. The alliance aims to leverage Evercore's global reach while providing local expertise.
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