Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers strategic advisory services, such as mergers and acquisitions, strategic shareholder advisory, special committee assignments, and transaction structuring; Capital Markets Advisory, including equity capital markets, restructuring, debt advisory, private placement advisory, market risk management and hedging, private capital advisory, and private funds; and research, sales, and trading professionals services on a content-led platform to its institutional investor clients. The Investment Management segment provides wealth management services to high-net-worth individuals, foundations, and endowments; and manages financial assets for institutional investors. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.
IPO Year: 2006
Exchange: NYSE
Website: evercore.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/12/2024 | $258.00 | Equal Weight | Wells Fargo |
| 9/11/2024 | $246.00 → $276.00 | Neutral → Buy | Goldman |
| 1/29/2024 | Mkt Perform | Keefe Bruyette | |
| 1/9/2024 | $160.00 → $176.00 | Buy → Neutral | UBS |
| 8/22/2023 | $158.00 → $140.00 | Buy → Neutral | Goldman |
| 4/12/2023 | Sell → Buy | UBS | |
| 4/12/2023 | $102.00 → $131.00 | Equal-Weight → Overweight | Morgan Stanley |
| 1/11/2023 | $105.00 → $125.00 | Neutral → Buy | Goldman |
| 10/27/2022 | $106.00 → $109.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 9/23/2022 | $99.00 → $85.00 | Neutral → Sell | UBS |
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Evercore Wealth Management today announced the appointment of Tracy Schneider to managing director and director of marketing and sales coordination. Based in New York City, Ms. Schneider manages the firm's marketing efforts and works with Evercore Wealth Management and Evercore Trust Company advisors to serve ultra-high-net-worth families, foundations and endowments. Ms. Schneider joins Evercore from J.P. Morgan Wealth Management, where she was an executive director in an ultra-high-net-worth advisory team, and previously led the ultra-high-net-worth advisor marketing program. Prior to J.P. Morgan, she was a director at AllianceBernstein, in the private wealth management group. "We are
Evercore (NYSE:EVR) announced today that Eric Neveux and Graham Nix have joined the firm as senior managing directors in the Financial Institutions Group based in Chicago and New York, respectively. Their arrival marks Evercore's latest effort in continuing to build its financial institutions business, which has been an area of significant investment and expansion. Jason Sobol, co-head of U.S. Investment Banking, said, "The financial institutions business remains a core focus of expansion for Evercore, and adding banking sector expertise is a crucial step in this strategy. We believe the banking sector is poised for growth and consolidation as we move into 2025 and beyond. Eric and Graham
Team Excels with Most No. 1 Ranked Analysts for the Second Consecutive Year Evercore ISI was ranked No. 1 among all firms for top-ranked analysts on a weighted basis in Extel's (previously Institutional Investor) All-America Equity Research survey for the third consecutive year. This overall rank is determined by applying the greatest weight to the highest-ranked individuals in each category. Evercore ISI analysts were recognized as Top 3 or Runner Up in 47 categories, and they maintained the largest number of No. 1 position rankings at 17, up from 15 in 2023. Evercore ISI Founder and Chairman Ed Hyman once again topped the polls and received the No. 1 rank in Economics for the 44th year.
Evercore (NYSE:EVR) announced today that Katrina Niehaus has joined the firm as a senior managing director to lead the firm's structured finance effort, based in New York. Daniel Mendelow, co-head of U.S. Investment Banking, said, "Katrina is a trusted expert in the structured finance industry and has cultivated strong relationships over the course of her career. We are looking forward to welcoming her to the team to provide creative capital solutions to Evercore's clients. With her hiring, Evercore continues to invest in high-growth areas that include our strong debt, equity and infrastructure capital markets advisory teams." Ms. Niehaus said, "In today's financial markets, private ABS a
Evercore Inc. (NYSE:EVR): Third Quarter Results Year to Date Results U.S. GAAP Adjusted U.S. GAAP Adjusted Q3 2024 Q3 2023 Q3 2024 Q3 2023 YTD 2024 YTD 2023 YTD 2024 YTD 2023 Net Revenues ($ mm) $ 734.2 $ 570.2 $ 739.5 $ 576.1 $ 2,004.3 $ 1,641.8 $ 2,022.1 $ 1,659.0 Operating Income ($ mm) $ 122.0 $ 76.8 $ 134.6 $ 82.7 $ 314.4 $ 241.4 $ 339.5 $ 261.6 Net Income A
Evercore (NYSE:EVR) will release its third quarter 2024 financial results on Wednesday, October 23, 2024 at 6:45 a.m. Eastern Time. Evercore will host a related conference call, accessible via telephone and webcast, beginning at 8:00 a.m. Eastern Time that same day. Evercore's Chairman and Chief Executive Officer, John S. Weinberg, and Chief Financial Officer, Tim LaLonde, will review the Firm's third quarter 2024 financial results. Following the review, there will be a question and answer session. This conference call is expected to last approximately one hour. Investors and analysts may participate in the live conference call by dialing (800) 225-9448 (toll-free domestic) or (203) 518-9
Evercore (NYSE:EVR), the Digital Therapeutics Alliance (DTA) and HLTH, a leading platform bringing together the health ecosystem, will co-host a dedicated program on digital health and digital therapeutics at HLTH 2024 in Las Vegas, Oct. 20-23. This program marks Evercore's sixth consecutive year hosting at HLTH and third year collaborating with thought leaders from DTA. The program, Tech Meets Therapy: Evaluating the Digital Health Landscape, is scheduled for Monday, Oct. 21, 8-9 a.m. PST at the Venetian Expo Center in Las Vegas. Two panels of leading industry executives will focus on the current investment environment within digital health as well as opportunities and insights to establi
Evercore (NYSE:EVR) announced today that Adam Frisch has joined Evercore ISI as a senior managing director to lead research coverage of the financial technology and IT services sectors. Mr. Frisch brings over 25 years of diverse insight as a top-ranked research analyst, a private company executive and an investment banker. Most recently, he was the CEO of Buy It Mobility, an emerging fintech payments company. Prior to this role, he spent 14 years as a research analyst at UBS and Morgan Stanley. Mr. Frisch was recognized as the No. 1 or No. 2 ranked analyst for five consecutive years in Institutional Investor's All-America Research poll and is well known by investors for his deep understand
Evercore announced today (NYSE:EVR) that Andrea Bozzi and Charles Andrez have joined the firm as senior managing directors in its strategic advisory practice based in Paris. They are being joined by Charles-Henri Filippi, who has been appointed chairman of Evercore France. Their arrival marks the latest step in Evercore's continuing build-out of its Investment Banking business in France. In an investment banking career spanning three decades, Andrea Bozzi has advised some of France's largest companies on a broad range of complex and transformative M&A and capital markets transactions. At Evercore, he will focus on advising leading corporates in France and other European countries across a
Evercore Inc. (NYSE:EVR): Second Quarter Results Year to Date Results U.S. GAAP Adjusted U.S. GAAP Adjusted Q2 2024 Q2 2023 Q2 2024 Q2 2023 YTD 2024 YTD 2023 YTD 2024 YTD 2023 Net Revenues ($ mm) $ 689.2 $ 499.4 $ 695.3 $ 505.1 $ 1,270.0 $ 1,071.6 $ 1,282.6 $ 1,082.9 Operating Income ($ mm) $ 108.2 $
Evercore Wealth Management today announced the appointment of Tracy Schneider to managing director and director of marketing and sales coordination. Based in New York City, Ms. Schneider manages the firm's marketing efforts and works with Evercore Wealth Management and Evercore Trust Company advisors to serve ultra-high-net-worth families, foundations and endowments. Ms. Schneider joins Evercore from J.P. Morgan Wealth Management, where she was an executive director in an ultra-high-net-worth advisory team, and previously led the ultra-high-net-worth advisor marketing program. Prior to J.P. Morgan, she was a director at AllianceBernstein, in the private wealth management group. "We are
Evercore (NYSE:EVR) announced today that Adam Frisch has joined Evercore ISI as a senior managing director to lead research coverage of the financial technology and IT services sectors. Mr. Frisch brings over 25 years of diverse insight as a top-ranked research analyst, a private company executive and an investment banker. Most recently, he was the CEO of Buy It Mobility, an emerging fintech payments company. Prior to this role, he spent 14 years as a research analyst at UBS and Morgan Stanley. Mr. Frisch was recognized as the No. 1 or No. 2 ranked analyst for five consecutive years in Institutional Investor's All-America Research poll and is well known by investors for his deep understand
Evercore announced today (NYSE:EVR) that Andrea Bozzi and Charles Andrez have joined the firm as senior managing directors in its strategic advisory practice based in Paris. They are being joined by Charles-Henri Filippi, who has been appointed chairman of Evercore France. Their arrival marks the latest step in Evercore's continuing build-out of its Investment Banking business in France. In an investment banking career spanning three decades, Andrea Bozzi has advised some of France's largest companies on a broad range of complex and transformative M&A and capital markets transactions. At Evercore, he will focus on advising leading corporates in France and other European countries across a
Evercore Wealth Management today announced the appointment of Paula Stumne to managing director, wealth and fiduciary advisor. Ms. Stumne is based in Minneapolis and works directly with ultra-high-net-worth client families, foundations and endowments, delivering comprehensive strategic wealth planning and fiduciary services. Ms. Stumne joins Evercore from Bremer Bank, where she was a senior wealth advisor to ultra-high-net-worth families. Earlier, she worked for Wells Fargo for 17 years, focusing on estate and financial planning, trust and estate administration, and philanthropic planning. She also was an estate planning attorney at Briggs and Morgan, now Taft Law. "We are pleased to we
Evercore announced today (NYSE:EVR) that Jeffrey Haller has joined the firm as a senior managing director in the financial institutions group based in New York. Jason Sobol, co-head of U.S. Investment Banking, said, "Jeff has built a strong reputation as a leading advisor in the financial institutions sector, particularly to wealth and asset management firms. We are looking forward to welcoming him to the team to help drive the expansion of our financial institutions effort." Mr. Haller added, "Evercore's distinct combination of independent, world-class advice and multiple client solutions make us uniquely positioned to meet our wealth and asset management clients' needs as they grow an
Evercore (NYSE:EVR) announced today that Mark Lipacis has joined Evercore ISI as a senior managing director to lead research coverage of semiconductor and capital equipment companies. Mr. Lipacis brings over 25 years of semiconductor device and semi-cap equipment investing expertise. He joined Evercore from Jefferies and has sell-side experience across Wall Street, including with Morgan Stanley, Prudential and Merrill Lynch. Mr. Lipacis ranked No. 1 in Institutional Investor's All-America Research poll for the past two years and is well recognized for his thematic industry content, client focus and creative marketing strategies. He holds a master's in electrical engineering from Drexel Un
Evercore Wealth Management today announced the appointment of Sean Brady to Managing Director, Wealth and Fiduciary Advisor. Mr. Brady is based in New York City and will work directly with ultra-high-net-worth client families, foundations and endowments, delivering comprehensive strategic wealth planning and fiduciary services. Mr. Brady joins Evercore from Clarfeld Citizens Private Wealth, where he worked for 14 years as a senior advisor to ultra-high-net-worth families, business owners, private equity principals, and corporate executives. He contributed to the firm's financial planning strategy and business development efforts throughout the Northeast. "We are pleased to welcome Sean
Evercore (NYSE:EVR) announced today that Stephen Withnell has joined the firm and is based in London as a senior advisor with a focus on metals, materials & mining. Mr. Withnell will provide senior leadership for the firm's advisory business in the sector, with a focus on Europe, the Middle East and Africa. He comes to Evercore with over 20 years of advisory and investment banking experience. Until 2019, Mr. Withnell served as head of EMEA metals and mining investment banking at Goldman Sachs. Since that time, he has served as a non-executive director for a number of global companies, and as a trustee for several charitable foundations and endowments. Mr. Withnell will work closely with
Evercore (NYSE:EVR) announced today that Cory Kasimov has joined Evercore ISI as a Senior Managing Director. Mr. Kasimov will lead coverage of small-and midcap biotech companies. Mr. Kasimov's two decades of research experience includes over 15 years as a senior biotech analyst at JPMorgan. His differentiated, actionable research product and related events have led to consistent recognition in Institutional Investor's All-America Research poll, where Mr. Kasimov most recently repeated a top 3 ranking in the large-cap biotech sector and regularly achieves runner-up status in the SMID biotech category. Mike Paliotta, Chief Executive Officer of Evercore ISI, said, "We're proud of our track
Nick Pomponi joins Evercore today (NYSE:EVR) as a senior managing director in the Technology group and will be based in New York. Mr. Pomponi comes to the firm after spending nearly 16 years at Goldman Sachs, where he was a partner and global co-head of software within the investment banking division. Over his tenure, he has advised technology companies at all stages of the business life cycle, from growth to maturity, working on their most important transactions, including strategic M&A and raising capital through IPOs, equity and debt raises. Naveen Nataraj, co-head of Evercore's U.S. investment banking business said, "Nick has deep industry relationships and an exceptional record of
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Wells Fargo initiated coverage of Evercore with a rating of Equal Weight and set a new price target of $258.00
Goldman upgraded Evercore from Neutral to Buy and set a new price target of $276.00 from $246.00 previously
Keefe Bruyette resumed coverage of Evercore with a rating of Mkt Perform
UBS downgraded Evercore from Buy to Neutral and set a new price target of $176.00 from $160.00 previously
Goldman downgraded Evercore from Buy to Neutral and set a new price target of $140.00 from $158.00 previously
UBS upgraded Evercore from Sell to Buy
Morgan Stanley upgraded Evercore from Equal-Weight to Overweight and set a new price target of $131.00 from $102.00 previously
Goldman upgraded Evercore from Neutral to Buy and set a new price target of $125.00 from $105.00 previously
Keefe Bruyette downgraded Evercore from Outperform to Mkt Perform and set a new price target of $109.00 from $106.00 previously
UBS downgraded Evercore from Neutral to Sell and set a new price target of $85.00 from $99.00 previously
Evercore Inc. (NYSE:EVR): Third Quarter Results Year to Date Results U.S. GAAP Adjusted U.S. GAAP Adjusted Q3 2024 Q3 2023 Q3 2024 Q3 2023 YTD 2024 YTD 2023 YTD 2024 YTD 2023 Net Revenues ($ mm) $ 734.2 $ 570.2 $ 739.5 $ 576.1 $ 2,004.3 $ 1,641.8 $ 2,022.1 $ 1,659.0 Operating Income ($ mm) $ 122.0 $ 76.8 $ 134.6 $ 82.7 $ 314.4 $ 241.4 $ 339.5 $ 261.6 Net Income A
Evercore (NYSE:EVR) will release its third quarter 2024 financial results on Wednesday, October 23, 2024 at 6:45 a.m. Eastern Time. Evercore will host a related conference call, accessible via telephone and webcast, beginning at 8:00 a.m. Eastern Time that same day. Evercore's Chairman and Chief Executive Officer, John S. Weinberg, and Chief Financial Officer, Tim LaLonde, will review the Firm's third quarter 2024 financial results. Following the review, there will be a question and answer session. This conference call is expected to last approximately one hour. Investors and analysts may participate in the live conference call by dialing (800) 225-9448 (toll-free domestic) or (203) 518-9
Evercore Inc. (NYSE:EVR): Second Quarter Results Year to Date Results U.S. GAAP Adjusted U.S. GAAP Adjusted Q2 2024 Q2 2023 Q2 2024 Q2 2023 YTD 2024 YTD 2023 YTD 2024 YTD 2023 Net Revenues ($ mm) $ 689.2 $ 499.4 $ 695.3 $ 505.1 $ 1,270.0 $ 1,071.6 $ 1,282.6 $ 1,082.9 Operating Income ($ mm) $ 108.2 $
Evercore (NYSE:EVR) will release its second quarter 2024 financial results on Wednesday, July 24, 2024 at 6:45 a.m. Evercore will host a related conference call, accessible via telephone and webcast, beginning at 8:00 a.m. Eastern Time that same day. Evercore's Chairman and Chief Executive Officer John S. Weinberg, and Chief Financial Officer, Tim LaLonde, will review the Firm's second quarter 2024 financial results. Following the review, there will be a question and answer session. This conference call is expected to last approximately one hour. Investors and analysts may participate in the live conference call by dialing (800) 225-9448 (toll-free domestic) or (203) 518-9708 (internati
Evercore Inc. (NYSE:EVR): First Quarter Results U.S. GAAP Adjusted Q1 2024 Q1 2023 Q1 2024 Q1 2023 Net Revenues ($ mm) $ 580.8 $ 572.1 $ 587.3 $ 577.8 Operating Income ($ mm) $ 84.1 $ 106.9 $ 90.6 $ 115.5 Net Income Attributable to Evercore Inc. ($ mm) $ 85.7 $ 83.4 $ 92.9 $ 93.3 Diluted Earnings Per Share $
Evercore (NYSE:EVR) will release its first quarter 2024 financial results on Wednesday, April 24, 2024 at 6:45 a.m. Evercore will host a related conference call, accessible via telephone and webcast, beginning at 8:00 a.m. Eastern Time that same day. Evercore's Chairman and Chief Executive Officer John S. Weinberg, and Chief Financial Officer, Tim LaLonde, will review the Firm's first quarter 2024 financial results. Following the review, there will be a question and answer session. This conference call is expected to last approximately one hour. Investors and analysts may participate in the live conference call by dialing (800) 225-9448 (toll-free domestic) or (203) 518-9708 (internatio
Evercore Inc. (NYSE:EVR): Fourth Quarter Results Full Year Results U.S. GAAP Adjusted U.S. GAAP Adjusted Q4 2023 Q4 2022 Q4 2023 Q4 2022 2023 2022 2023 2022 Net Revenues ($ mm) $ 784.2 $ 831.3 $ 790.3 $ 836.7 $ 2,425.9 $ 2,762.0 $ 2,449.3 $ 2,785.6 Operating Income ($ mm)
Evercore (NYSE:EVR) will release its fourth quarter and full year 2023 financial results on Wednesday, January 31, 2024 at 6:45 a.m. Evercore will host a related conference call, accessible via telephone and webcast, beginning at 8:00 a.m. Eastern Time that same day. Evercore's Chairman and Chief Executive Officer John S. Weinberg, and Chief Financial Officer, Tim LaLonde, will review the Firm's fourth quarter and full year 2023 financial results. Following the review, there will be a question and answer session. This conference call is expected to last approximately one hour. Investors and analysts may participate in the live conference call by dialing (800) 274-8461 (toll-free domesti
Evercore Inc. (NYSE:EVR): Third Quarter Results Year to Date Results U.S. GAAP Adjusted U.S. GAAP Adjusted Q3 2023 Q3 2022 Q3 2023 Q3 2022 YTD 2023 YTD 2022 YTD 2023 YTD 2022 Net Revenues ($ mm) $ 570.2 $ 576.9 $ 576.1 $ 583.2 $ 1,641.8 $ 1,930.7 $ 1,659.0 $ 1,948.9 Operating Income ($ mm) $ 76.8 $ 1
Evercore (NYSE:EVR) will release its third quarter 2023 financial results on Wednesday, October 25, 2023 at 6:45 a.m. Evercore will host a related conference call, accessible via telephone and webcast, beginning at 8:00 a.m. Eastern Time that same day. Evercore's Chairman and Chief Executive Officer John S. Weinberg, and Chief Financial Officer, Tim LaLonde, will review the Firm's third quarter 2023 financial results. Following the review, there will be a question and answer session. This conference call is expected to last approximately one hour. Investors and analysts may participate in the live conference call by dialing (800) 343-4136 (toll-free domestic) or (203) 518-9814 (internat
Keefe, Bruyette & Woods analyst Aidan Hall maintains Evercore (NYSE:EVR) with a Market Perform and raises the price target from $219 to $245.
Goldman Sachs analyst James Yaro maintains Evercore (NYSE:EVR) with a Neutral and raises the price target from $223 to $251.
Evercore (NYSE:EVR) reported quarterly earnings of $1.81 per share which beat the analyst consensus estimate of $1.63 by 11.04 percent. The company reported quarterly sales of $695.270 million which beat the analyst consensus estimate of $611.910 million by 13.62 percent. This is a 37.64 percent increase over sales of $505.142 million the same period last year.
Across the recent three months, 5 analysts have shared their insights on Evercore (NYSE:EVR), expressing a variety of opinions spanning from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 2 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 2 0 0 2M Ago 0 1 0 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $233.2, a high estimate of $276.00, and a low estimate of $219.00. Witnessing a positive shift
Morgan Stanley analyst Ryan Kenny maintains Evercore (NYSE:EVR) with a Overweight and raises the price target from $231 to $276.
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Evercore (NYSE:EVR) has outperformed the market over the past 5 years by 7.17% on an annualized basis producing an average annual return of 20.62%. Currently, Evercore has a market capitalization of $8.68 billion. Buying $1000 In EVR: If an investor had bought $1000 of EVR stock 5 years ago, it would be worth $2,585.71 today based on a price of $225.47 for EVR at the time of writing. Evercore's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
Keefe, Bruyette & Woods analyst Michael Brown maintains Evercore (NYSE:EVR) with a Market Perform and raises the price target from $193 to $219.
UBS analyst Brennan Hawken maintains Evercore (NYSE:EVR) with a Neutral and raises the price target from $195 to $220.
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