75.85 0.00 (0.00%)
After hours: 4:17PM EST
|Bid||75.83 x 900|
|Ask||75.85 x 800|
|Day's Range||74.69 - 75.99|
|52 Week Range||64.37 - 98.90|
|Beta (3Y Monthly)||1.98|
|PE Ratio (TTM)||9.32|
|Earnings Date||Jan 28, 2020 - Feb 3, 2020|
|Forward Dividend & Yield||2.32 (3.08%)|
|1y Target Est||92.14|
Upslope Capital Management, a Denver-based alternative investment management firm, recently released its 2019 Q3 Investor Letter – download a copy here. The investment management company had a good quarter, returning 6.8% for the quarter, bringing its year-to-date return to 26.4%. During the same quarter, the S&P Midcap 400 ETF (MDY) and HFRX Equity Hedge Index respectively returned -0.2% and 1.8%. The investor provided […]
The City of London’s newest insurance broker has abolished fixed working hours and limits on holiday time as it looks to poach staff from rivals in an ultra-competitive market. McGill and Partners, which was set up by former Aon group president Steve McGill this year, is offering staff as much holiday as they want along with flexible hours. Employment contracts would be based on “trust” and “the most progressive in the insurance industry”, said Mr McGill, who added that staff must take a minimum of 20 days’ holiday.
The London-based steel-making and mining company, which mainly operates in Russia, said that third-quarter crude steel production slipped to 3.4 million metric tons, from 3.5 million tons in the second quarter.
(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes.JPMorgan Chase & Co. said its business in Saudi Arabia is growing faster than any other region in the world, helped by the stock exchange’s inclusion in MSCI Inc.’s main emerging markets index.“We at JPMorgan believe that Saudi will become the main hub in the region, as well as one of the main hubs globally,” Carlos Hernandez, head of global banking at the New York-based firm, said on the opening day of the Future Investment Initiative summit in Riyadh.Global investment firms are clamoring to do business with the kingdom, where low oil prices have forced officials to tap international debt markets and seek foreign capital. Advisers hired for the imminent IPO of Saudi Aramco are set to split a fee pool of as much as $450 million, Bloomberg News has reported. JPMorgan is one of nine joint global coordinators on the deal.The bank “made the decision to go onshore in Saudi about eight years ago, open our custody, and our business is growing at the fastest pace than any other region in the world,” Hernandez said.Key Developments:Boutique firm Evercore says Brexit and trade war are hurting cross-border mergers and acquisitionsHSBC’s interim CEO Noel Quinn says the current economic policy in Europe doesn’t work for banksFor more from the summit, where President Donald Trump’s adviser Jared Kushner also speaks later on Tuesday, click back throughout the day. Time stamps are local.Citigroup’s Corbat on Inclusive Workplace (13:10 p.m.)Citigroup Inc. is pushing to close the “big big gap” of women in senior leadership positions and is committed to achieving the goal, CEO Mike Corbat said at the event.“We review those metrics on a regular basis at my leadership table,” he said. “We are actually about 51% female. In terms of fair pay, we did the work around the globe, we found some discrepancies, and we fixed those.”Evercore Says Brexit, Trade War Hurting M&A (11:18 a.m.)Brexit and the trade war between the U.S. and China are hurting large M&A deals, according to boutique bank Evercore Inc.“The trade configuration and inability to sort out Brexit have a dampener on larger transactions because you have to wait a year and half, two years, to get a transaction done,” said Chief Executive Officer Ralph Schlosstein. Cross borders deals, which need the approval of 20 to 25 regulators, are particularly being hit hard.Takeover volumes since the start of September have fallen to the lowest level in eight years, according to data compiled by Bloomberg. Slow growth and political turmoil in Europe have kept U.S. acquirers away from the continent -- a traditional driver of M&A in the region.“Historically, companies competed based on the quality of their products or services,” Schlosstein said. “Today we run the risk of going into a decoupled world where companies are going to compete on the basis of where they happen to be domiciled and with whom they happen to be allied. That will be an economic and growth destroyer.”Mubadala Sells Assets Ahead of Market Correction (10:29 a.m.)Abu Dhabi’s Mubadala Investment Co. is selling assets that have reached maturity as the sovereign fund prepares for a market correction, Chief Executive Officer Khaldoon Al Mubarak said.“Mubadala is preparing for a correction that’s bound to come. I don’t know when that correction is gonna come.”Abu Dhabi, the holder of about 6% of the world’s oil reserves, has been selling stakes in some assets in an effort to diversify its economy by turning oil revenue into profitable investments.Mubadala in April agreed to sell a stake valued at as much as $4.8 billion in Spanish oil refiner Cepsa to Carlyle Group LP. It’s also said to be exploring options for Nova Chemicals Corp., a Canadian plastics maker that could be valued at more than $10 billion.HSBC Says Economics of Europe Don’t Work for Banks (09:55 a.m.)Europe needs to revert to “normalized monetary economics” as the current policies don’t work for banks, according to Noel Quinn, acting Chief Executive Officer of HSBC Holdings Plc.“It’s very hard to run a financial institution in an environment of negative interest rate,” Quinn said.Job cuts announced by banks this year were approaching 60,000 last month, almost all of them in Europe, where negative interest rates and a slowing economy prompt lenders, including Germany’s Commerzbank AG, to step up cost reductions.HSBC on Monday embarked on its biggest overhaul in years after profit missed estimates.Schwarzman on Being a Central Banker (9:51 a.m.)Blackstone Group Inc. Chief Executive Officer Stephen Schwarzman joined the outcry against low and negative interest rates, saying that central bankers have run out of firepower to propel economic growth.“Interest rates around the world are so low, I don’t know what I would do as a central banker,” Schwarzman, who spoke on the same panel with Dalio, said. “You certainly run out of effectiveness. I don’t even know how to run a financial institution. We will have a downturn, it will be challenging, and we will need a lot of fiscal stimulus.”On Monday, outgoing European Central Bank President Mario Draghi used his farewell address to make one last plea for euro-zone fiscal support, saying low interest rates can no longer provide the same degree of stimulus as in the past.Dalio Sees a ‘Scary Situation’ for the Global EconomyBillionaire hedge-fund founder Ray Dalio said the global economy is under threat from an explosive mix of ineffective monetary policy, a rise in the wealth gap and climate change.The combination will lead to a “scary situation” over the next decade, according to Dalio, whose investment management firm, Bridgewater Associates, is the world’s biggest hedge fund.“The technology and increasing use of artificial intelligence and increased productivity will also substantially increase the wealth gap, the job gap, the wealth and ideological conflicts within countries,” he said.\--With assistance from Arif Sharif, Farah Elbahrawy, Fahad Alzahrani and Archana Narayanan.To contact the reporters on this story: Matthew Martin in Riyadh at email@example.com;Nicolas Parasie in Riyadh at firstname.lastname@example.org;Dinesh Nair in London at email@example.comTo contact the editors responsible for this story: Alaa Shahine at firstname.lastname@example.org, ;Stefania Bianchi at email@example.com, Claudia MaedlerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Evercore Wealth Management today announced the appointment of Steven Chung as a Managing Director and Portfolio Manager.
Evercore (EVR) today announced the appointment of Pamela G. Carlton to its Board of Directors. After 22 years as an investment banker on Wall Street, Ms. Carlton launched Springboard – Partners in Cross Cultural Leadership, LLC where she has been President since 2003. In addition, in 2014 Ms. Carlton co-founded The Everest Project research initiative focused on the challenges and facilitators of women leading change and innovation.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of June 28. The results of that effort will be put on display in this article, as […]
NEW YORK, NY / ACCESSWIRE / October 23, 2019 / Evercore, Inc. (NYSE: EVR ) will be discussing their earnings results in their 2019 Third Quarter Earnings to be held on October 23, 2019 at 8:00 AM Eastern ...
TD Ameritrade's (AMTD) Q4 fiscal 2019 (ending Sep 30) earnings performance highlights top-line strength, higher expenses and steady trading activity.
LONDON/PARIS/NEW YORK (Reuters) - Several U.S. boutique investment banks are looking to hire senior staff in Paris in the wake of Britain's departure from the EU and have poached bankers from France's most established advisory firms, including Lazard, sources told Reuters. New York-based Evercore Inc has tapped headhunting firm Charta Partners to hire French bankers with long-standing relationships with the country's key companies, sources said, as it prepares to open an office in Paris.
For the sixth consecutive year, Evercore ISI was recognized as the top ranked independent firm in Institutional Investor’s All-America Equity Research survey. Overall, Evercore ISI placed second on a commission weighted rank basis, marking the sixth year in a row that the team placed in the top five, and was tied for the most #1 ranked analysts.
Evercore (EVR) will release its third quarter 2019 financial results on Wednesday, October 23, 2019. Evercore will host a related conference call, accessible via telephone and the internet, beginning at 8:00 a.m. Eastern Time that same day. Ralph L. Schlosstein, President and Chief Executive Officer, John S. Weinberg, Executive Chairman, and Robert B. Walsh, Chief Financial Officer, will review the Firm’s third quarter 2019 financial results.
NEW YORK, Sept. 24, 2019 /PRNewswire/ -- Evercore (EVR) announced today that Len Rosen has joined the Firm as a Senior Managing Director and CEO of the Firm's new business in Israel. Mr. Rosen was most recently the CEO of Barclays Israel, and before that held the same position at Lehman Brothers. Over the course of his 25-year career as a trusted advisor to clients in Israel, he has advised clients on many of the largest and most important M&A transactions, including Orbotech's sale to KLA, Orbotech's acquisitions of Photon Dynamics and Frontline, Given Imaging's sale to Covidien, Verint's acquisition of Witness Systems, SuperDerivatives' sale to ICE Noble Energy's sale of a stake in the Tamar natural gas field and a number of acquisitions for Teva Pharmaceuticals.
Evercore (EVR) announced today that Andrew MacNiven has joined the Firm's investment banking business as a Senior Managing Director. Based in Toronto, Mr. MacNiven will focus on providing strategic and financial advice to Canadian companies and global companies operating in Canada. Mr. MacNiven has been a trusted advisor in the Canadian market for sixteen years, most recently as a Managing Director with RBC Capital Markets.
Evercore's (EVR) strong balance sheet position and robust fundamentals are key positives. However, rising expenses deter bottom-line growth.
Zacks Industry Outlook Highlights: Morgan Stanley, Charles Schwab, Goldman Sachs, Evercore and LPL