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Evercore - EVR STOCK NEWS

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.

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.

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Behavox announced its Q1 2024 financial results, reporting a 51% increase in revenue and marking its second consecutive quarter of profitability. The growth is driven by high demand for its AI-driven compliance solutions, particularly the Quantum AI product.

Major deals with BNY Mellon, Vitol, and Evercore, as well as successful implementation with Brevan Howard, have bolstered the company's revenue. Behavox aims for 20% operating margins by 2025 while continuing to invest in AI research.

The company's financial stability is underscored by its ongoing investment in cutting-edge AI technology, contributing to higher model accuracy and broader risk coverage.

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Evercore (NYSE: EVR) will host its 3rd Annual Global Clean Energy & Transition Technologies Summit on June 11-12, 2024, at the Mandarin Oriental Hotel in New York City. The event will feature over 70 leading companies in sectors like mobility, renewable power, energy storage, and hydrogen. Keynote speakers include John Podesta and Robert Friedland. Industry leaders such as Enphase Energy, General Motors, and Tesla will present, along with investment professionals. This invite-only event aims to foster discussions on energy transition and investment opportunities.

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Evercore (NYSE: EVR) welcomed Jeffrey Haller as a senior managing director in the financial institutions group in New York. With over 20 years of experience in financial institutions, Haller will focus on wealth and asset management sectors. Evercore's independent advice and client solutions position them uniquely to serve clients in a changing industry.

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Evercore Inc. (NYSE: EVR) reported its First Quarter 2024 Results with Net Revenues of $580.8 million on a U.S. GAAP basis, a 2% increase compared to the same period in 2023. The company also increased its Quarterly Dividend to $0.80 per share. Evercore advised on major global transactions, showcasing growth and expertise in various sectors. The company's leadership expressed confidence in continued positive momentum for the year.
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Evercore (EVR) will announce its first quarter 2024 financial results on April 24, 2024. The conference call, led by CEO John S. Weinberg and CFO Tim LaLonde, will provide insights into the firm's performance.
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Evercore (EVR) appoints Mark Lipacis as senior managing director to lead semiconductor and capital equipment research. With extensive experience and accolades in the industry, Lipacis aims to enhance Evercore ISI's technology research capabilities.
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Evercore (EVR) appoints Marcelo Pizzimbono as senior managing director and head of sales at Evercore ISI, bringing over 30 years of financial services experience. Pizzimbono's previous roles include managing partner at CrossRegional Management and leadership positions at Goldman Sachs and Deutsche Bank.
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Evercore Inc. (NYSE: EVR) reported fourth-quarter and full-year results for 2023, with net revenues of $784.2 million and $2.4 billion, respectively, on a U.S. GAAP basis. Full-year net revenues decreased 12% on both a U.S. GAAP and an Adjusted basis versus 2022. Evercore was involved in four of the 10 largest global deals in 2023, with strong momentum in early 2024. The company returned $523.5 million to shareholders during 2023 through dividends and repurchases of 3.0 million shares at an average price of $129.04. Evercore's quarterly results may fluctuate significantly due to the timing and amount of transaction fees earned, as well as other factors. The effective tax rate for the year is principally impacted by the deduction associated with the appreciation in the Firm's share price upon vesting of employee share-based awards above the original grant price.
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Evercore (EVR) announced that Sarah Bianchi has rejoined as senior managing director and chief strategist of international political affairs and public policy. Bianchi has nearly 30 years’ experience in both public and private sectors, including deputy U.S. Trade Representative. She will enhance the firm's research and advisory work, leveraging her significant international trade experience and insights into key areas across the supply chain.
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Behavox, a leader in AI-driven compliance and security solutions, has announced its 2023 full-year results, showcasing a remarkable 58% growth in revenues, accelerating from the 34% growth in 2022. The company is poised to achieve profitability by March 2024, with expected revenue growth of 30-40% for the year. Behavox secured significant partnerships with industry giants such as BNY Mellon (NYSE: BK), Vitol, and Evercore (NYSE: EVR), showcasing global influence and dedication to providing exceptional service. The company strategically formed partnerships with two prominent oil and gas firms, underscoring a significant step towards global growth and reflecting the escalating demand for their product in the Commodities vertical. The rollout of GenAI and large language models (LLMs) through the Quantum AI product continues to set industry standards, offering unmatched efficiency and accuracy. Behavox's AI-driven solutions played a pivotal role in assisting several leading banks in the US, Europe, Latin America, and Japan to pass their regulatory inspections. The launch of the Behavox Intelligent Archive, developed in partnership with Google Cloud, offers a comprehensive end-to-end communications archiving and surveillance system, enhanced with state-of-the-art AI technologies. Behavox Voice20's best-in-class transcription results and its unparalleled alert quality represent a breakthrough in voice analysis technology. In 2024, Behavox will introduce its own foundation model, designed for customization, enabling customers to tailor it for specific use cases in compliance and front-office applications. The model has successfully passed CFA, CPA, and Series 7 exams, and can be deployed in any cloud environment controlled by customers.
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FAQ

What is the current stock price of Evercore (EVR)?

The current stock price of Evercore (EVR) is $250.13 as of February 21, 2025.

What is the market cap of Evercore (EVR)?

The market cap of Evercore (EVR) is approximately 10.5B.

What is Evercore Inc.?

Evercore Inc. (NYSE: EVR) is a global independent investment banking advisory firm offering services in mergers and acquisitions, strategic shareholder advisory, restructurings, and capital structure.

When was Evercore founded?

Evercore was founded in 1995 and has since grown into a leading financial advisory firm.

Where is Evercore headquartered?

Evercore is headquartered in New York, with offices and affiliate locations in major financial centers worldwide.

What services does Evercore offer?

Evercore offers a range of services including mergers and acquisitions, strategic shareholder advisory, restructurings, capital structure consulting, equity research, equity sales and trading, and wealth and investment management.

How does Evercore generate its revenue?

The majority of Evercore's revenue comes from financial advisory services, including merger, acquisition, and restructuring advisory. Around 20% of its revenue is from institutional equities trading, equity underwriting, and investment management businesses.

How many employees does Evercore have?

As of the end of 2023, Evercore employs approximately 2,200 professionals.

What percentage of Evercore's revenue is generated in the United States?

About 75% of Evercore's revenue is derived from its operations within the United States.

When did Evercore go public?

Evercore went public in 2006.

What types of clients does Evercore serve?

Evercore serves a diverse array of clients including boards of directors, management teams, shareholders, high net worth individuals, and institutional investors.

Where can I find more information about Evercore?

For more information about Evercore, visit their official website at www.evercore.com.
Evercore

NYSE:EVR

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10.49B
35.34M
6.95%
90.24%
2.6%
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