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) has appointed Lyle Schwartz as the new senior managing director and head of its Equity Capital Markets business in EMEA, effective late April. Based in London, Schwartz will collaborate with Jim Renwick, the new chairman of EMEA Equity Capital Markets. Schwartz, with over 20 years of experience, joins from Goldman Sachs, where he led efforts for Equity Private Placement in EMEA. Matthew Lindsey-Clark, CEO of European Advisory, expressed optimism about Schwartz's leadership to expand Evercore's equity services within capital markets. Schwartz aims to establish a London-based Equity Private Placements team to support disruptive growth companies in the region.
Evercore (NYSE: EVR) has appointed Scott Silverglate as a senior managing director in its investment banking division, focusing on the software sector. Based in Menlo Park, Silverglate brings nearly 10 years of experience from Goldman Sachs, where he led the industrial software practice. His 20 years of industry expertise includes significant roles at SVB Securities and Jefferies, concentrating on tech mergers and acquisitions. Naveen Nataraj, co-head of Evercore's U.S. Advisory, expressed enthusiasm for Silverglate's addition, citing his industry knowledge as a valuable asset. Silverglate is eager to enhance Evercore's advisory capabilities in the software domain.
Evercore (NYSE: EVR) will announce its first quarter 2023 financial results on April 26, 2023, at 6:45 a.m. Eastern Time. Following the release, a conference call hosted by Chairman and CEO John S. Weinberg and CFO Tim LaLonde will take place at 8:00 a.m.. Investors can join via telephone or webcast, with a Q&A session expected to last about one hour. The call can be accessed by dialing (800) 225-9448 (toll-free) or (203) 518-9708 (international); passcode: EVRQ123. A live audio webcast will also be available on Evercore’s website and archived for 30 days. Founded in 1995, Evercore is a leading independent investment banking advisory firm, providing strategic advisory services encompassing mergers, acquisitions, and capital structure solutions.
Behavox has announced a partnership with Evercore (NYSE: EVR), an independent investment banking advisory firm. Evercore selected Behavox after evaluating multiple vendors, citing its effective AI capabilities for compliance and risk management. The decision underscores Behavox's ability to meet diverse communication monitoring requirements and enhance compliance systems rapidly. Evercore’s Chief Compliance Officer highlighted the responsiveness and evolving AI-driven approach of Behavox. This collaboration adds Evercore to a list of investment banks utilizing Behavox's communication surveillance solutions.
Evercore Wealth Management has promoted Michael Kirkbride, Aldo Palles, and Ross Saia to partner. Kirkbride, based in New York City, specializes in managing investment assets for families and foundations, contributing to core equity strategies and ESG investments. Palles, located in Palm Beach, manages investment assets and participates in the national investment committee, while Saia offers fiduciary advice to high-net-worth clients. CEO Chris Zander acknowledged their leadership and commitment to client-focused service. Evercore manages approximately $10.5 billion in client assets as of December 31, 2022.
Evercore (NYSE: EVR) announced the appointment of Joy Savchenko as a senior managing director in its Private Capital Advisory (PCA) group, based in New York. With 19 years at UBS, she will focus on expanding investor relationships and advising clients on private capital transactions. Nigel Dawn, Head of PCA, expressed enthusiasm about Savchenko's addition, highlighting the rapid expansion of the PCA business. Savchenko expressed excitement in joining Evercore's recognized platform, aiming to deepen investor relationships. Evercore, established in 1995, is a global independent investment banking advisory firm.
Evercore (NYSE: EVR) received the 'Best M&A Adviser in Singapore' award from The Asset magazine during its 2022 Triple A Country Awards on February 23, 2023. This marks the sixth time Evercore has achieved this recognition since 2015, highlighting its expertise in advising on significant transactions in Singapore. Keith Magnus, Chairman of Evercore Asia, expressed gratitude for the acknowledgment, emphasizing the firm's commitment to delivering superior client outcomes. Evercore's Singapore office, established in 2013, is critical for supporting clients globally with strategic advisory services in the Asia-Pacific region.
Evercore Inc. (EVR) reported its financial results for Q4 and the full year 2022, revealing a 25% drop in net revenues to $831.3 million and a 16% decline for the full year at $2.8 billion. Q4 net income attributable to shareholders fell 53% year-over-year to $140.4 million. The firm declared a quarterly dividend of $0.72 per share, payable on March 10, 2023. Notably, advisory fees decreased 27% and 13% for Q4 and the full year respectively. Despite these challenges, Evercore remains confident in its market position, marking its second-best year historically.
Evercore (NYSE: EVR) has appointed Tim LaLonde as its new Chief Financial Officer, effective March 6, 2023. Mr. LaLonde, who joined Evercore in 2001, has held various leadership roles and will now oversee financial operations, tax, internal audit, and investor relations. He succeeds Celeste Mellet, who is leaving the company. LaLonde emphasized his commitment to building upon Evercore's success and executing its long-term strategic plan. Evercore is a leading independent investment banking advisory firm, focused on delivering innovative advice and capital-raising services.
Evercore (NYSE: EVR) is set to announce its fourth quarter and full-year 2022 financial results on February 1, 2023, at 6:45 a.m. ET. This will be followed by a conference call at 8:00 a.m., featuring Chairman and CEO John S. Weinberg and CFO Celeste Mellet. The call will provide insights into the financial performance and will include a Q&A session. The call can be accessed via phone at (800) 245-3047 (domestic) or (203) 518-9765 (international), with a passcode of EVRQ422. A live audio webcast will also be available on Evercore's website, archived for 30 days.
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