EVR / Evercore (EVR) Q3 Earnings Miss, Shares Fall on Lower Revenues

The decline in the net revenues of the Investment Banking & Equities segment has affected the overall top line for Evercore (EVR) in the third quarter more_horizontal

Evercore Inc. (NYSE:EVR ) Q3 2023 Earnings Conference Call October 25, 2023 8:00 AM ET Company Participants Katy Haber - Managing Director-Investor Re more_horizontal

Evercore (EVR) came out with quarterly earnings of $1.30 per share, missing the Zacks Consensus Estimate of $1.31 per share. This compares to earnings more_horizontal

Recent results reflect a tough environment for deals, with Evercore's revenues steadily decreasing due to rising rates. Concerns arise about whether d more_horizontal

Though near-erm concerns remain, the Zacks Investment Bank industry sees green shoots in underwriting and advisory businesses. This, along with decent more_horizontal

Efforts to boost its client base and steady capital distributions are likely to support Evercore (EVR). However, rising expenses and muted Investment more_horizontal

Ralph Schlosstein, Evercore Senior Chairman & Founder, discusses the impact of interest rates on M&A. He speaks with David Westin on "Wall Street Week more_horizontal

Although a decline in expenses and efforts to improve capital deployment activities are positives, decreasing net revenues affect overall earnings of more_horizontal