Evercore Stock Price, News & Analysis

Evercore (NYSE: EVR) reported strong Q3 2024 results with net revenues of $734.2 million on a U.S. GAAP basis, up 29% year-over-year. Operating income increased 59% to $122.0 million, with operating margins expanding to 16.6%. Advisory fees grew 27% to $593 million, while underwriting fees rose 43% to $44.1 million. The company maintained a quarterly dividend of $0.80 per share and returned $528.8 million to shareholders through dividends and share repurchases in the first nine months of 2024. Notable achievements include leading several major transactions and expanding their team with new senior managing directors.

Evercore (NYSE: EVR) has announced it will release its third quarter 2024 financial results on Wednesday, October 23, 2024 at 6:45 a.m. Eastern Time. The company will host a conference call at 8:00 a.m. Eastern Time the same day, featuring Chairman and CEO John S. Weinberg and CFO Tim LaLonde reviewing the firm's Q3 2024 results.

Investors and analysts can participate in the live conference call by dialing (800) 225-9448 (toll-free domestic) or (203) 518-9708 (international) with the passcode EVRQ324. A live audio webcast will be available on Evercore's website and archived for 30 days. The call is expected to last approximately one hour and will include a question and answer session.

Evercore (NYSE: EVR), the Digital Therapeutics Alliance (DTA), and HLTH are set to co-host a program on digital health and digital therapeutics at HLTH 2024 in Las Vegas, October 20-23. The event, titled 'Tech Meets Therapy: Evaluating the Digital Health Landscape', will take place on October 21 from 8-9 a.m. PST at the Venetian Expo Center.

The program will feature two panels of industry executives discussing the current investment environment in digital health and opportunities for strategic partnerships. This marks Evercore's sixth consecutive year hosting at HLTH and third year collaborating with DTA.

Elizabeth Anderson, Evercore ISI's Healthcare Technology & Distribution analyst, emphasized the importance of exploring sector trends related to investment outlooks and partnership opportunities. The event aims to provide attendees with expert insights on navigating the rapidly evolving digital therapeutics landscape.

Evercore (NYSE: EVR) has announced that Adam Frisch has joined Evercore ISI as a senior managing director to lead research coverage of the financial technology and IT services sectors. Frisch brings over 25 years of experience, including roles as a top-ranked research analyst, private company executive, and investment banker. He was previously the CEO of Buy It Mobility and spent 14 years as a research analyst at UBS and Morgan Stanley.

Frisch has been recognized as a No. 1 or No. 2 ranked analyst for five consecutive years in Institutional Investor's All-America Research poll. His addition to Evercore ISI is expected to strengthen the company's financials and technology research franchises, benefiting clients with his extensive knowledge and industry network.

Evercore (NYSE: EVR) has announced significant additions to its Paris office, strengthening its presence in the French market. Andrea Bozzi and Charles Andrez have joined as senior managing directors in the strategic advisory practice, while Charles-Henri Filippi has been appointed chairman of Evercore France. These appointments mark a major step in Evercore's expansion of its Investment Banking business in France.

Mr. Bozzi, with over 20 years at Lazard, will focus on advising leading corporates across Europe. Mr. Andrez, previously with Lazard, will develop Evercore's financial sponsors business. Mr. Filippi, a highly respected banker in France, joins from Lazard where he was co-chairman of Lazard Frères SAS.

The Paris office now has over 20 employees and is expected to continue growing. Evercore's EMEA presence includes offices in London, Paris, Frankfurt, Madrid, Tel Aviv, and Dubai, reflecting its commitment to serving corporate and financial sponsor clients across strategic advisory and private capital advisory services.

Evercore (NYSE: EVR) reported its Q2 2024 results with record net revenues of $689.2 million (U.S. GAAP) and $695.3 million (Adjusted), up 38% YoY. Operating income surged by 88% to $108.2 million (U.S. GAAP) and by 80% to $114.3 million (Adjusted). Net income attributable to Evercore doubled to $73.8 million. Diluted EPS soared to $1.81, reflecting significant profitability improvements.

Year-to-date, the company advised on major deals including GE's $36 billion spin-off, Synopsys' $35 billion acquisition of Ansys, and ConocoPhillips' $22.5 billion acquisition of Marathon Oil. Evercore's compensation ratio improved slightly to 66.6%, while its non-compensation costs rose by 18%.

Evercore announced a quarterly dividend of $0.80 per share. The firm returned $395.6 million to shareholders through dividends and share repurchases. The effective tax rate also decreased, contributing to the improved net income.

Evercore (NYSE: EVR) will announce its second quarter 2024 financial results on July 24, 2024, at 6:45 a.m. Eastern Time.

The announcement will be followed by a conference call hosted by Chairman and CEO John S. Weinberg, and CFO Tim LaLonde at 8:00 a.m. The call will include a review of the financial results and a Q&A session.

Investors and analysts can participate via phone or webcast, with the audio archived on the Evercore website for 30 days.

Evercore is a global independent investment banking advisory firm, offering services in mergers and acquisitions, capital raising, equity research, trading, and wealth management.

Evercore Wealth Management has announced the appointment of Paula Stumne as Managing Director and Wealth and Fiduciary Advisor. Based in Minneapolis, Stumne will work with ultra-high-net-worth client families, foundations, and endowments. She joins from Bremer Bank, where she served as a senior wealth advisor. Prior to that, she spent 17 years at Wells Fargo focusing on estate and financial planning, trust and estate administration, and philanthropic planning. She has also been an estate planning attorney at Briggs and Morgan, now Taft Law. CEO Chris Zander highlighted her 25 years of experience as a strong contributor to the firm's growth in the Midwest. Stumne holds a B.S.B. in accounting from the University of Minnesota and a J.D. and LL.M. in taxation from Mitchell Hamline School of Law.

Evercore (NYSE: EVR) announced that its Chairman and CEO, John S. Weinberg, will participate in the Morgan Stanley U.S. Financials Conference on June 11, 2024. The event will feature a fireside chat session starting at 1:45 p.m. ET. A live audio webcast will be available on Evercore's Investor Relations website, with a replay accessible for 30 days post-event.

Evercore is a global independent investment banking advisory firm that provides strategic advice on mergers and acquisitions, shareholder advisory, restructurings, and capital structure. The company also aids in capital raising, equity research, trading execution, and wealth management services. Founded in 1995, Evercore is headquartered in New York and operates globally.