Announcement • 4h
Evercore Announces Appointment of Clay Mccoy as Senior Managing Director in Private Capital Advisory Evercore announced that Clay McCoy has joined the firm as a senior managing director in its private capital advisory (PCA) group, based in New York. Mr. McCoy joins Evercore from Campbell Lutyens, where he was a managing director and led North American infrastructure secondaries advisory. Previously, he was a director at Solomon Partners, where he advised on a range of private capital and M&A transactions. Earlier in his career, Mr. McCoy held roles at RBC Capital Markets and Bank of America Merrill Lynch. Mr. McCoy earned a Master of Science in accountancy from Wake Forest University and a Bachelor of Arts in economics and commerce and psychology from Hampden-Sydney College. Declared Dividend • 16h
First quarter dividend of US$0.89 announced Shareholders will receive a dividend of US$0.89. Ex-date: 29th May 2026 Payment date: 12th June 2026 Dividend yield will be 1.1%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 19
Evercore Announces Appointment of Chris Connelly as Senior Managing Director in Industrials Investment Banking Group Evercore announced that Chris Connelly has joined the firm as a senior managing director in its New York-based industrials investment banking group. He will support the continued investment in Evercore's business services efforts, bringing extensive expertise across the commercial, industrial, and technical services industries. Previously, Mr. Connelly spent more than a decade at J.P. Morgan, most recently as a managing director on the global business services team, where he advised private equity groups, corporations and family-owned businesses on M&A and capital raising transactions. He began his career as an engineer at Kiewit Corp. Mr. Connelly holds a B.S. in civil engineering from Bucknell University and an MBA from Carnegie Mellon University's Tepper School of Business. Announcement • May 13
Evercore Inc. Announces Appointment of Mark Hibbert as Senior Managing Director in Equities Evercore Inc. announced that Mark Hibbert has joined the firm’s Equities business as a senior managing director in equity trading, serving as a senior sales trader. Mr. Hibbert brings more than 25 years of industry experience across equities, derivatives, ETFs, convertible securities and special situations. Most recently, he led the cross-asset execution desk within equities at Goldman Sachs, covering many of the industry’s leading hedge funds and asset management firms. He was also responsible for the desk’s strategy, client coverage and profit growth. Prior to Goldman Sachs, he held senior roles in trading and sales trading at Deutsche Bank and UBS. Mr. Hibbert holds a B.S. in business and finance from Providence College. Announcement • May 02
Evercore Inc., Annual General Meeting, Jun 10, 2026 Evercore Inc., Annual General Meeting, Jun 10, 2026. Announcement • Apr 30
Evercore Inc. announces Quarterly dividend, payable on June 12, 2026 Evercore Inc. announced Quarterly dividend of USD 0.8900 per share payable on June 12, 2026, ex-date on May 29, 2026 and record date on May 29, 2026. Announcement • Apr 15
Evercore Inc. to Report Q1, 2026 Results on Apr 29, 2026 Evercore Inc. announced that they will report Q1, 2026 results at 6:45 AM, US Eastern Standard Time on Apr 29, 2026 Announcement • Mar 13
Evercore Appoints David Ke As Senior Managing Director In Equity Capital Markets Group Evercore announced that David Ke has joined the firm as a senior managing director in the equity capital markets group, focused on biotechnology. He will be based in New York. Mr. Ke joins Evercore with nearly 20 years of investment banking experience across both public and private capital formation. Most recently, he served as a managing director at J.P. Morgan, where he also held roles including executive director, vice president and associate. Mr. Ke earned a bachelor’s in finance from New York University. Announcement • Feb 24
Evercore Appoints Ben Hart as Senior Managing Director and Head of Asia Private Capital Advisory Evercore announced that Ben Hart has joined the firm as a senior managing director and head of its Asia Private Capital Advisory (PCA) division, effective February 23, 2026. Based in Singapore, Mr. Hart will oversee Evercore PCA’s activities across the Asia-Pacific region and work closely with the global PCA team to further expand the firm’s secondaries advisory and broader private markets capabilities in the region. Mr. Hart brings more than two decades of experience in private markets fundraising, institutional investor relations, capital formation and business development across the Asia-Pacific region. He most recently served as partner and head of investor relations (Asia) at Adams Street Partners, where he led the firm’s business-development and client-service efforts across institutional and private wealth channels. Mr. Hart holds a Bachelor of Business Administration from the University of Colorado Boulder. Announcement • Feb 04
Evercore Inc. Declares Quarterly Dividend , Payable on March 13, 2026 Evercore declared a quarterly dividend of $0.84 per share to be paid on March 13, 2026 to common stockholders of record on February 27, 2026. Announcement • Feb 03
Evercore Inc. Appoints Jonathan Dale as Senior Managing Director in the Consumer Group Evercore Inc. announced that Jonathan Dale has joined the firm as a senior managing director in its consumer group, based in London. Mr. Dale will further strengthen Evercore’s consumer franchise in EMEA and work closely with senior managing directors across the region and globally to serve the firm’s clients. Mr. Dale brings nearly 20 years of investment banking experience to Evercore. He joins from Rothschild & Co, where he was a managing director and co-head of European consumer. Previously, he was a strategy consultant at Mars & Co in London. Mr. Dale holds a degree in chemistry from the University of Oxford. Announcement • Jan 21
Evercore Inc. to Report Q4, 2025 Results on Feb 04, 2026 Evercore Inc. announced that they will report Q4, 2025 results at 6:45 AM, US Eastern Standard Time on Feb 04, 2026 Announcement • Jan 15
Evercore Announces Appointment of Kaan Kesedar as Senior Managing Director in Financial Sponsors Group Evercore announced that Kaan Kesedar has joined the firm as a Senior Managing Director in the Financial Sponsors Group, based in London. Mr. Kesedar brings nearly 20 years of investment banking experience to Evercore. Most recently, he served as Managing Director at Citi. Previously, he held positions at Credit Suisse and Accenture. Mr. Kesedar earned an MBA at the University of Chicago Booth School of Business and a B.A. at Vanderbilt University. Announcement • Jan 05
Evercore Appoints Chris Macios as Senior Managing Director in the Financial Sponsors Group Evercore announced that Chris Macios has joined the firm as a senior managing director in the financial sponsors group. He will be based in New York. Mr. Macios joins Evercore with nearly 20 years of investment banking experience. Most recently, he was a senior managing director at Guggenheim Securities. Before that, he served as a director in Houlihan Lokey’s financial sponsors coverage group and earlier held a director role in Wells Fargo’s financial sponsors group. He began his career as an associate at NewStar Financial. Announcement • Dec 09
Evercore Inc. Receives License from the Capital Markets Authority in the Kingdom of Saudi Arabia Evercore Inc. announced that it has received its Arranging License from the Capital Markets Authority in the Kingdom of Saudi Arabia. Announcement • Dec 04
Evercore Appoints Ashish Varshneya as Senior Managing Director in Healthcare Investment Banking Group Evercore announced that Ashish Varshneya has joined the firm as a senior managing director in the healthcare investment banking group, focused on healthcare technology. Mr. Varshneya joins Evercore with nearly two decades of healthcare technology investment banking experience. Most recently, he served as a managing director at TripleTree, where he specialized in healthcare technology, focusing on platforms serving the payer, provider and employer markets. Before that, he served as a director of healthcare investment banking at Citigroup. Earlier in his career, he worked in corporate development at The TriZetto Group (acquired by Cognizant). Announcement • Nov 19
Lars Ingemarsson Joins Evercore as Senior Managing Director and Head of Evercore’S Nordic Region Evercore announced that Lars Ingemarsson has joined the firm as senior managing director and head of the firm’s Nordic region. His appointment marks a significant step in the firm’s ongoing international expansion. Mr. Ingemarsson will be based in Stockholm, where Evercore is establishing its first office in the Nordic region. Mr. Ingemarsson will lead the firm’s strategic growth across the region. He will collaborate closely with Evercore’s existing advisory team in EMEA, the Americas and Asia to drive the buildout of the firm’s Nordic presence, deepen relationships with clients and advance the firm’s position as a trusted advisor across the area. He is joined by Kristoffer Elshult, managing director, from Citi. Mr. Ingemarsson brings over 30 years of investment banking experience to Evercore. Most recently, he served as managing director, head of Nordic investment banking at Citi. Prior to Citi, he held positions as managing director at J.P. Morgan, managing director at Merrill Lynch and an analyst at Alfred Berg. Mr. Ingemarsson studied economics at the University of Constance and received his master’s from ESCP Business School. Announcement • Nov 04
Evercore Inc. Announces Board Appointments Evercore announced that Keith Prusek and Hugh Rabb have joined the firm as senior managing directors in its transportation investment banking group. Both will be based in Richmond, Virginia, where Evercore has opened a new office as part of its ongoing initiative to further expand its presence and capabilities across the United States. Mr. Prusek and Mr. Rabb will lead the logistics coverage effort and work closely with Evercore’s established transportation team in New York. Mr. Prusek joins Evercore with over two decades of experience in transportation & logistics investment banking. Most recently, he served as managing director, global co-head of transportation & logistics investment banking at Jefferies, and previously was co-head of transportation & logistics investment banking at BB&T Capital Markets and corporate banking relationship manager at SunTrust Bank. Mr. Prusek holds a B.S. in business administration from Washington and Lee University and an MBA from the University of Virginia’s Darden School of Business. Mr. Rabb joins Evercore with over two decades of experience in transportation & logistics investment banking. Most recently, he served as managing director, global co-head of transportation & logistics investment banking at Jefferies. Previously, he was co-head of transportation & logistics investment banking at BB&T Capital Markets and an analyst at Harris Williams & Co.Mr. Rabb also earned a B.S. in business administration from Washington and Lee University and an MBA from the University of Virginia’s Darden School of Business. Announcement • Oct 29
Evercore Inc. Declares Quarterly Dividend, Payable on December 12, 2025 On October 28, 2025, the Board of Directors of Evercore declared a quarterly dividend of $0.84 per share to be paid on December 12, 2025 to common stockholders of record on November 28, 2025. Announcement • Oct 21
Evercore Inc. Appoints Ovadiah Jacob as A Senior Managing Director in the Private Capital Markets and Debt Advisory Group Evercore announced that Ovadiah Jacob has joined the firm as a senior managing director in the private capital markets and debt advisory group, focused on ratings advisory. He will be based in New York. Mr. Jacob joins Evercore with over 15 years of experience as a trusted advisor on marquee transactions across technology, media and telecom; insurance; banks; asset management; industrials; healthcare; and real estate. He has helped clients navigate their most important transactions, including M&A, take-privates, spins, dispositions, and public and private debut and follow-on debt and equity financings. Most recently, he was a managing director at Goldman Sachs. Previously, he was an associate director at Standard & Poor’s with responsibility for rating a portfolio of North American life insurance companies. Mr. Jacob holds a B.S. from Yeshiva University and an MBA from New York University’s Stern School of Business. Announcement • Oct 15
Evercore Inc. to Report Q3, 2025 Results on Oct 29, 2025 Evercore Inc. announced that they will report Q3, 2025 results at 6:45 AM, US Eastern Standard Time on Oct 29, 2025 Announcement • Sep 15
Evercore Inc. announces Alexander Virgo Joins Evercore ISI as Senior Managing Director Evercore Inc. announced that Alexander Virgo has joined Evercore ISI as a senior managing director, based in London, covering global multi-industry companies. Mr. Virgo brings nearly 25 years of experience covering industrial companies, including 15 years in equity research. Most recently, he co-led European industrials coverage at Bank of America, consistently ranked among the top 3 by Extel/Institutional Investor since 2020, including No. 1 or 2 over the past three years. Previously, he held senior roles at Nomura and Berenberg after beginning his sell-side research career covering U.S. multi-industrials at Credit Suisse. Earlier in his career, he covered cyclicals at U.S. hedge fund Och Ziff in London and worked in industrials investment banking at UBS. Mr. Virgo holds a master’s degree in mechanical engineering from Imperial College London. Announcement • Jul 25
Evercore Appoints Luigi De Vecchi as Senior Managing Director and Chairman of Its Continental European Advisory Business, Effective in September 2025 Evercore announced that Luigi de Vecchi will be joining the firm in September 2025 as senior managing director and chairman of its continental European advisory business. He will be based in Milan, Italy, where Evercore is in the process of opening an office. Mr. de Vecchi brings over 35 years of investment banking experience to Evercore and has advised on some of Europe and Italy's largest and most high-profile transactions. At Evercore, he will spearhead the buildout of the firm’s presence in Italy, and Europe more broadly. He will work in close partnership with Evercore’s existing team in Paris, focusing on the firm’s large European and global strategic clients. Mr. de Vecchi joins Evercore from Citigroup, where he was chairman of continental Europe for corporate and investment banking. Prior to joining Citi in 2012, he was global co-head of investment banking at Credit Suisse, and previously worked at Goldman Sachs and Kleinwort Benson. Mr. de Vecchi received his MA in Business Studies and Economics from the L.U.I.S.S. University in Rome, where he is currently a finance professor and member of the advisory board. He is chairman of Fondazione Sylva, a charity focused on reforestation, and a member of the advisory board of both Save the Children Italia and Fondazione Nuovo Millennio. Announcement • Jul 16
Evercore Inc. to Report Q2, 2025 Results on Jul 30, 2025 Evercore Inc. announced that they will report Q2, 2025 results at 6:45 AM, US Eastern Standard Time on Jul 30, 2025 Announcement • Jul 12
Evercore Inc. announced that it expects to receive $250 million in funding Evercore Inc. announced that it has entered into a note purchase agreement for a private placement of $125,000,000 aggregate principal amount of 5.17% Series K senior notes due 2030 and $125,000,000 of 5.47% Series L senior notes due 2032 for aggregate gross proceeds of $250,000,000 on July 10, 2025. Interest on the Notes will be payable semi-annually in arrears on April 30 and October 30 of each year, commencing on October 30, 2025. Interest on the Notes will accrue from and including July 24, 2025. The Series K Notes will mature on July 24, 2030 and the Series L Notes will mature on July 24, 2032. The company will issue the notes on July 24, 2025 in a private placement exempt from registration under the Securities Act. Announcement • Jul 07
Evercore Inc. Appoints Jon Josephs as Senior Managing Director in the Industrials Investment Banking Group Evercore Inc. announced that Jon Josephs has joined the firm as a senior managing director in the Industrials Investment Banking group, focused on capital goods and large-cap diversified companies, based in New York. Mr. Josephs joins Evercore with over two decades of experience in industrials investment banking. Most recently, he served as managing director and global head of capital goods at J.P. Morgan, where he focused on industrials coverage. Prior to J.P. Morgan, he held positions in financial operations at Internet Capital Group and as a senior auditor at Arthur Andersen. Mr. Josephs holds a B.S. in accounting from Villanova University and an MBA from Georgetown University’s McDonough School of Business. Announcement • Jun 18
Bennett Blau Joins Evercore as Senior Managing Director in the Healthcare Investment Banking Group Evercore announced that Bennett Blau has joined the firm as a senior managing director in the healthcare investment banking group, where he will focus on the medical technology sector. He will be based in San Francisco. Mr. Blau joins Evercore with over 15 years of investment banking experience. Most recently, he was a managing director in Goldman Sachs’ healthcare investment banking group. He holds a B.A. from The George Washington University. Announcement • Jun 05
Mike Addeo Joins Evercore as Senior Managing Director in Private Capital Advisory Evercore announced that Mike Addeo has joined the firm as a senior managing director in its Private Capital Advisory (PCA) group, based in New York. Mr. Addeo joins Evercore with 15 years of credit investing experience. Most recently, he was a managing director and head of restructuring at Blackstone Credit & Insurance. In this role, he led the firm’s restructuring and liability management efforts, including recapitalizations of existing investments and sourcing new opportunities in complex public and private credit situations. Previously, Mr. Addeo was a vice president in equity research at Wolfe Research, covering the transportation sector. He began his career in Deutsche Bank’s private wealth management group. Mr. Addeo earned a Bachelor of Science in business administration from Georgetown University’s McDonough School of Business. He is also a CFA charterholder. Announcement • Apr 16
Evercore Inc. to Report Q1, 2025 Results on Apr 30, 2025 Evercore Inc. announced that they will report Q1, 2025 results at 6:45 AM, US Eastern Standard Time on Apr 30, 2025 Announcement • Mar 03
Evercore Appoints Joe Modisett as Senior Managing Director in the Healthcare Investment Banking Group Evercore announced that Joe Modisett has joined the firm as a senior managing director in the Healthcare Investment Banking group, based in New York. Mr. Modisett joins Evercore with over 25 years of healthcare investment banking experience, beginning his career at Morgan Stanley in 1998. He most recently served as managing director and global head of healthcare investment banking at Morgan Stanley. He holds a B.S. from the University of North Carolina at Chapel Hill. Announcement • Feb 15
Evercore Inc. Announces Edward S. Hyman Notifies the Company of His Decision to Transition to A Non-Executive Officer Role Evercore Inc. announced that on February 10, 2025, Edward S. Hyman, Chairman of Evercore ISI, notified the Company of his decision to transition to a non-executive officer role within the Company, where he will continue to support the Evercore ISI business. Announcement • Feb 10
Evercore Inc. Appoints David Kamo as Senior Managing Director in Investment Banking Evercore Inc. announced that David Kamo has joined the firm as a senior managing director to support its growing financial sponsor M&A advisory business,based in New York. Mr. Kamo joins Evercore with over 25 years of M&A experience. Most recently, he was a partner and Global Head of Financial Sponsor M&A at Goldman Sachs. Mr. Kamo holds a B.S. from Binghamton University’s School of Management. Announcement • Feb 05
Evercore Inc. Declares Quarterly Dividend, Payable on March 14, 2025 On February 4, 2025, the Board of Directors of Evercore Inc. declared a quarterly dividend of $0.80 per share to be paid on March 14, 2025 to common stockholders of record on February 28, 2025. Announcement • Nov 12
Evercore Appoints Eric Neveux and Graham Nix as Senior Managing Directors in the Financial Institutions Group Evercore announced 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. Mr. Neveux brings over two decades of investment banking experience to Evercore from Goldman Sachs. Most recently, he was a partner, head of banks and specialty finance for the Americas and co-head of investment banking for the Midwest region, focused on strategic advice for banks and specialty finance companies. Mr. Neveux began his career at Goldman Sachs as an analyst in 2001. He holds a B.S. in finance from Indiana University’s Kelley School of Business. Mr. Nix joins Evercore from Morgan Stanley, where he most recently served as a managing director in the financial institutions group. He has nearly 20 years of investment banking experience advising banks and financial companies across mergers and acquisitions, capital markets and balance sheet solutions. Prior to Morgan Stanley, Mr. Nix was a director advising regional banks at Keefe, Bruyette & Woods, and an associate at PricewaterhouseCoopers. He holds a B.S. in accounting and business administration from Washington & Lee University. Recent Insider Transactions • Nov 11
Founder recently sold €28m worth of stock On the 8th of November, Edward Hyman sold around 96k shares on-market at roughly €291 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €32m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to €294, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 13x in the Capital Markets industry in Germany. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €281 per share. Declared Dividend • Oct 25
Third quarter dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 1.2%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (20% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 66% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 23
Third quarter 2024 earnings released: EPS: US$2.05 (vs US$1.38 in 3Q 2023) Third quarter 2024 results: EPS: US$2.05 (up from US$1.38 in 3Q 2023). Revenue: US$734.2m (up 29% from 3Q 2023). Net income: US$78.4m (up 50% from 3Q 2023). Profit margin: 11% (up from 9.1% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. New Risk • Oct 21
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Significant insider selling over the past 3 months (€926k sold). Announcement • Oct 09
Evercore Inc. to Report Q3, 2024 Results on Oct 23, 2024 Evercore Inc. announced that they will report Q3, 2024 results at 6:45 AM, US Eastern Standard Time on Oct 23, 2024 New Risk • Oct 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Shareholders have been diluted in the past year (7.4% increase in shares outstanding). Significant insider selling over the past 3 months (€926k sold). Recent Insider Transactions • Aug 25
Senior MD & CFO recently sold €804k worth of stock On the 21st of August, Timothy LaLonde sold around 4k shares on-market at roughly €214 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Timothy has been a net seller over the last 12 months, reducing personal holdings by €1.8m. Upcoming Dividend • Aug 23
Upcoming dividend of US$0.80 per share Eligible shareholders must have bought the stock before 30 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Announcement • Aug 01
Nile Capital Group, LLC acquired 23% stake in ABS Investment Management LLC from Evercore Inc. (NYSE:EVR). Nile Capital Group, LLC acquired 23% stake in ABS Investment Management LLC from Evercore Inc. (NYSE:EVR) on July 31, 2024. ABS will continue to operate under the leadership of its current management team. Berkshire Global Advisors acted as Nile's exclusive financial advisor, and Reed Smith provided legal counsel.
Nile Capital Group, LLC completed the acquisition of 23% stake in ABS Investment Management LLC from Evercore Inc. (NYSE:EVR) on July 31, 2024. Declared Dividend • Jul 29
Second quarter dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 30th August 2024 Payment date: 13th September 2024 Dividend yield will be 1.3%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (26% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 96% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 25
Second quarter 2024 earnings released: EPS: US$1.92 (vs US$0.97 in 2Q 2023) Second quarter 2024 results: EPS: US$1.92 (up from US$0.97 in 2Q 2023). Revenue: US$689.2m (up 38% from 2Q 2023). Net income: US$73.8m (up 98% from 2Q 2023). Profit margin: 11% (up from 7.4% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Announcement • Jul 24
Evercore Inc. Declares Quarterly Dividend, Payable on September 13, 2024 On July 23, 2024, the Board of Directors of Evercore Inc. declared a quarterly dividend of $0.80 per share to be paid on September 13, 2024 to common stockholders of record on August 30, 2024. New Risk • Jul 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Announcement • Jul 11
Evercore Inc. to Report Q2, 2024 Results on Jul 24, 2024 Evercore Inc. announced that they will report Q2, 2024 results at 6:45 AM, US Eastern Standard Time on Jul 24, 2024 New Risk • Jun 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Upcoming Dividend • May 24
Upcoming dividend of US$0.80 per share Eligible shareholders must have bought the stock before 31 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 45% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (2.7%). Announcement • May 10
Jeffrey Haller Joins Evercore as Senior Managing Director Evercore announced that Jeffrey Haller has joined the firm as a senior managing director in the financial institutions group based in New York. Mr. Haller has more than 20 years of experience working with financial institutions clients. Prior to joining Evercore, Mr. Haller was a managing director in the financial institutions investment banking group at Goldman Sachs, where he helped lead coverage of the wealth and traditional asset management sectors. Prior to joining Goldman Sachs in 2017, Mr. Haller was at RBC Capital Markets in New York and focused on building out investment banking coverage of the U.S. asset management sector. He also previously worked at Citigroup and Lehman Brothers. Mr. Haller holds a B.S. in finance from Indiana University’s Kelley School of Business. New Risk • May 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.6% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (11% net profit margin). Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Significant insider selling over the past 3 months (€1.7m sold). Declared Dividend • Apr 26
First quarter dividend of US$0.80 announced Shareholders will receive a dividend of US$0.80. Ex-date: 31st May 2024 Payment date: 14th June 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 103% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 25
First quarter 2024 earnings released: EPS: US$2.23 (vs US$2.17 in 1Q 2023) First quarter 2024 results: EPS: US$2.23 (up from US$2.17 in 1Q 2023). Revenue: US$580.8m (up 1.5% from 1Q 2023). Net income: US$85.7m (up 2.8% from 1Q 2023). Profit margin: 15% (in line with 1Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • Apr 24
Evercore Inc. Declares Quarterly Dividend, Payable on June 14, 2024 On April 23, 2024, the Board of Directors of Evercore Inc. declared a quarterly dividend of $0.80 per share to be paid on June 14, 2024 to common stockholders of record on May 31, 2024. Announcement • Apr 11
Evercore Inc. to Report Q1, 2024 Results on Apr 24, 2024 Evercore Inc. announced that they will report Q1, 2024 results at 6:45 AM, US Eastern Standard Time on Apr 24, 2024 Announcement • Apr 03
Mark Lipacis Joins Evercore ISI as Senior Managing Director Evercore announced 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 University and an MBA from University of Virginia’s Darden School of Business. Reported Earnings • Feb 25
Full year 2023 earnings released: EPS: US$6.71 (vs US$12.15 in FY 2022) Full year 2023 results: EPS: US$6.71 (down from US$12.15 in FY 2022). Revenue: US$2.43b (down 12% from FY 2022). Net income: US$255.5m (down 46% from FY 2022). Profit margin: 11% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Upcoming Dividend • Feb 16
Upcoming dividend of US$0.76 per share at 1.6% yield Eligible shareholders must have bought the stock before 22 February 2024. Payment date: 08 March 2024. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.8%). Recent Insider Transactions • Feb 14
Senior MD recently sold €946k worth of stock On the 8th of February, Jason Klurfeld sold around 6k shares on-market at roughly €161 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.1m more than they bought in the last 12 months. Declared Dividend • Feb 02
Fourth quarter dividend of US$0.76 announced Shareholders will receive a dividend of US$0.76. Ex-date: 22nd February 2024 Payment date: 8th March 2024 Dividend yield will be 1.8%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (31% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 95% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 01
Full year 2023 earnings released: EPS: US$6.71 (vs US$12.15 in FY 2022) Full year 2023 results: EPS: US$6.71 (down from US$12.15 in FY 2022). Revenue: US$2.43b (down 12% from FY 2022). Net income: US$255.5m (down 46% from FY 2022). Profit margin: 11% (down from 17% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • Feb 01
Evercore Inc. Declares Quarterly Dividend, Payable on March 8, 2024 On January 30, 2024, the Board of Directors of Evercore Inc. declared a quarterly dividend of $0.76 per share to be paid on March 8, 2024 to common stockholders of record on February 23, 2024. Announcement • Jan 18
Evercore Inc. to Report Q4, 2023 Results on Jan 31, 2024 Evercore Inc. announced that they will report Q4, 2023 results at 6:45 AM, US Eastern Standard Time on Jan 31, 2024 Announcement • Jan 16
Neil Wolitzer Joins Evercore as Senior Managing Director in the Real Estate Investment Banking Group Evercore announced that Neil Wolitzer has joined the firm as a senior managing director in the Real Estate Investment Banking group. Previously, Mr. Wolitzer was a partner and managing director in the real estate investment banking group at Goldman Sachs where he served real estate clients across a broad range of strategic and capital-raising transactions for almost 20 years. Prior to that, Mr. Wolitzer was an investment banker at Bear Stearns and previously practiced corporate law in New York. Mr. Wolitzer holds a J.D. from Duke University School of Law and an A.B. (magna cum laude) from Princeton University. Announcement • Dec 21
Tammy Kiely Joins Evercore as Senior Managing Director Evercore announced that Tammy Kiely has joined the firm as a senior managing director in the technology investment banking practice, focusing primarily on the semiconductor sector. Previously, Ms. Kiely was at Goldman Sachs for almost 25 years, where she most recently was partner and co-head of technology investment banking. She held a variety of roles at Goldman Sachs, including global head of the semiconductor and autotech investment banking practice and co-head of TMT investment banking services. Ms. Kiely holds an MBA from Stanford University Graduate School of Business, where she was an Arjay Miller scholar, and a B.S. in business administration and accounting from California Polytechnic State University in San Luis Obispo. She is president of the board of trustees for the San Jose Museum of Art and also serves on Junipero Serra High School’s advisory board of regents. Recent Insider Transactions • Dec 10
Independent Director recently sold €914k worth of stock On the 5th of December, Richard Beattie sold around 7k shares on-market at roughly €140 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.4m more than they bought in the last 12 months. Announcement • Nov 20
Evercore Appoints Stephen Withnell as Senior Advisor in the Metals, Materials & Mining EMEA Advisory Practice Evercore announced 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 John Startin, who heads the Metals, Materials & Mining Group, as well as with Evercore’s senior leaders globally to help grow the firm’s market-leading franchise in the sector. Mr. Withnell is a Professor in Practice in Finance at Durham University Business School. He is a graduate of the INSEAD Directors Programme, and he serves on the Board of Trustees of the London Library. Upcoming Dividend • Nov 15
Upcoming dividend of US$0.76 per share at 2.2% yield Eligible shareholders must have bought the stock before 22 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (3.0%). Announcement • Nov 10
Evercore Inc. Appoints Cory Kasimov Joins as Senior Managing Director Evercore Inc. announced 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. Announcement • Oct 31
Evercore Inc. Announces Executive Appointments Evercore Inc. reported that Seth Bergstein has joined the firm's investment banking business as a senior managing director in the Technology Group based in New York. The company said that Bergstein's longtime colleague Sandeep Sharma will also be joining as a managing director, and the two will lead coverage of consulting, professional, technology & digital services, and business process outsourcing. According to a release, Bergstein comes to Evercore from Morgan Stanley, where he started his career in 1988 as a financial analyst. In 2001, he founded the global services group, which he led until 2021 when he became a vice chairman of investment banking, responsible for leading coverage of several of the firm's most important clients. Bergstein also served as a member of the management committee of investment banking for 13 years. Reported Earnings • Oct 26
Third quarter 2023 earnings released: EPS: US$1.38 (vs US$2.11 in 3Q 2022) Third quarter 2023 results: EPS: US$1.38 (down from US$2.11 in 3Q 2022). Revenue: US$570.2m (down 1.2% from 3Q 2022). Net income: US$52.1m (down 37% from 3Q 2022). Profit margin: 9.1% (down from 14% in 3Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 26
Evercore Inc. Declares Quarterly Dividend, Payable on December 8, 2023 The Board of Directors of Evercore Inc. declared a quarterly dividend of $0.76 per share to be paid on December 8, 2023 to common stockholders of record on November 24, 2023. Announcement • Oct 15
Evercore Enhances Risk Management After Fast-Paced SaaS Implementation of Behavox Quantum for Compliance Behavox announced that Evercore has in five months successfully implemented Behavox Quantum© for compliance supervision. Behavox recently commemorated its one-year anniversary of Behavox Quantum AI. Evercore becomes the latest organization to have implemented Behavox Quantum AI for communications monitoring, joining a growing number of multinational banks, prominent hedge funds, asset managers and private equity firms. Announcement • Oct 12
Evercore Inc. to Report Q3, 2023 Results on Oct 25, 2023 Evercore Inc. announced that they will report Q3, 2023 results at 6:45 AM, US Eastern Standard Time on Oct 25, 2023 Announcement • Sep 27
Evercore Inc. Appoints Michael Tarulli as Senior Managing Director Evercore Inc. announced that Michael Tarulli has joined the firm as a senior managing director in the industrials investment banking practice, focusing on the aerospace, defense and government services sectors, based in New York. Previously, Mr. Tarulli spent 15 years at Goldman Sachs, most recently in the global industrials group, heading the aerospace, defense and government services investment banking practice. In this role, he was responsible for some of the firm’s most important clients and advised on many of the sector’s prominent transactions. Mr. Tarulli holds an MBA from New York University, a B.S. in finance from Villanova University and a chartered financial analyst designation. He also serves on the New York Board for Children of Fallen Patriots. Announcement • Sep 19
Evercore Inc. Appoints Nick Pomponi as Senior Managing Director in the Technology Group Evercore Inc. announced Nick Pomponi joined Evercore on September 18, 2023 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. Mr. Pomponi holds an MBA From the University of Virginia Darden School of Business and a B.A. in economics from Villanova University. Announcement • Sep 06
Evercore Inc. Appoints Seth Bergstein as Senior Managing Director in the Technology Group Based in New York Evercore Inc. announced that Seth Bergstein has joined the firm’s investment banking business as a senior managing director in the Technology Group based in New York. His longtime colleague Sandeep Sharma will also be joining as a managing director, and the two will lead coverage of consulting, professional, technology & digital services, and business process outsourcing. Mr. Bergstein comes to Evercore from Morgan Stanley, where he started his career in 1988 as a financial analyst. In 2001, he founded the global services group, which he led until 2021 when he became a vice chairman of investment banking, responsible for leading coverage of several of the firm’s most important clients. Mr. Bergstein also served as a member of the management committee of investment banking for 13 years. Mr. Bergstein holds an MBA from Northwestern University and a B.A. in economics, psychology and cognitive science from Wesleyan University. He is a trustee of both the Jewish Board and The Institute of International Education. New Risk • Aug 18
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €330k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (14% net profit margin). Significant insider selling over the past 3 months (€330k sold). Upcoming Dividend • Aug 17
Upcoming dividend of US$0.76 per share at 2.3% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 08 September 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (3.1%). Announcement • Aug 15
Carolyn Crooks Joins Evercore as Senior Managing Director in the Financial Sponsors Group Carolyn Crooks joins Evercore as a senior managing director in the Financial Sponsors Group and will be based in New York. Ms. Crooks comes to Evercore after 21 years at Barclays, where she was a managing director in the financial sponsors group. She was responsible for the firm’s relationship with numerous private equity firms after spending over a decade in Barclays’ equity capital markets focusing on structuring and marketing equity securities for clients in the retail, consumer and industrials sectors. Ms. Crooks started her career as an industry coverage analyst in the global real estate group at Lehman Brothers. Ms. Crooks earned a B.S. in commerce from the McIntire School of Commerce at the University of Virginia. She is a Chartered Financial Analyst®. Announcement • Jul 27
Evercore Declares Quarterly Dividend, Payable on September 8, 2023 On July 25, 2023, the Board of Directors of Evercore declared a quarterly dividend of $0.76 per share to be paid on September 8, 2023 to common stockholders of record on August 25, 2023. Reported Earnings • Jul 27
Second quarter 2023 earnings released: EPS: US$0.97 (vs US$2.40 in 2Q 2022) Second quarter 2023 results: EPS: US$0.97 (down from US$2.40 in 2Q 2022). Revenue: US$499.4m (down 21% from 2Q 2022). Net income: US$37.2m (down 61% from 2Q 2022). Profit margin: 7.4% (down from 15% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 13
Evercore Inc. to Report Q2, 2023 Results on Jul 26, 2023 Evercore Inc. announced that they will report Q2, 2023 results at 6:45 AM, US Eastern Standard Time on Jul 26, 2023 Announcement • Jul 12
Evercore Inc. Appoints Binetti as Senior Managing Director At Evercore ISI Michael Binetti has joined Evercore ISI as a Senior Managing Director, US-based investment banking advisory firm Evercore. Mr. Binetti will cover Department Stores & Specialty Retail. Mr. Binetti joins Evercore ISI with nearly 20 years of research experience. He has been ranked by Institutional Investor as an All-American Analyst since 2012, and notably ranked #1 with the largest asset managers for 4 of the last 5 years. Mr. Binetti most recently was a Managing Director at Credit Suisse, where he covered Retail & Digital Commerce for over five years. Prior to that he spent 13 years at UBS as an Equity Analyst in the Retail Group. Board Change • Jun 14
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 6 highly experienced directors. Chairman Emeritus Ralph Schlosstein was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 03
Senior MD & Chief Financial Officer recently sold €255k worth of stock On the 31st of May, Timothy LaLonde sold around 3k shares on-market at roughly €102 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Timothy's only on-market trade for the last 12 months. Upcoming Dividend • May 18
Upcoming dividend of US$0.76 per share at 2.8% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 09 June 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (3.0%). 
