|Bid||67.50 x 800|
|Ask||94.99 x 1000|
|Day's Range||76.62 - 79.39|
|52 Week Range||64.37 - 110.42|
|Beta (3Y Monthly)||2.19|
|PE Ratio (TTM)||9.44|
|Forward Dividend & Yield||2.32 (2.93%)|
|1y Target Est||N/A|
Shares of Spotify recovered on Monday, ending the day in the green, after a bearish call from Evercore. In a note to investors, analyst Kevin Rippey wrote the firm "do[es] not see a path by which SPOT can generate the level of gross profit demanded by Street estimates over the medium-term." The Final Round panel reacts.
for a role in Saudi Aramco’s planned stock market listing after a charm offensive by top executives, including former Trump administration official Dina Powell. The Wall Street bank had failed to secure a top advisory role in 2017 when Saudi Aramco nominated banks including JPMorgan Chase, Morgan Stanley, Moelis, Evercore and HSBC for what could be the world’s largest listing. The successful launch of a $12bn international bond by Saudi Aramco this year renewed momentum for the IPO and revived optimism about the Saudi economy after the international condemnation that followed the killing of journalist Jamal Khashoggi.
Zacks Industry Outlook Highlights: Morgan Stanley, Charles Schwab, Goldman Sachs, Evercore and LPL
By John Jannarone Evercore Inc. has hired veteran investment banker Neil Shah as a Senior Managing Director to launch and lead its permanent capital business, which will include a push into special purpose acquisition companies, or SPACs. Mr. Shah, who will be part of Evercore’s advisory practice, has worked closely with financial sponsors for over […]
Bank of America Corp has hired former Evercore Inc banker Amy Lissauer to work on defending companies against activist investors, three sources said on Friday. In her new role, Lissauer will continue working to defend against activists, said the sources, who asked not to be identified because Lissauer's appointment has not yet been announced. In her four years at Evercore, Lissauer was a managing director and worked alongside Bill Anderson, one of the industry’s most prominent defense bankers.
TD Ameritrade's (AMTD) Q3 fiscal 2019 (ending Jun 30) earnings performance highlight top-line strength, higher expenses and steady trading activity.
By John Jannarone Vintage Capital’s Brian Kahn just put his money where his mouth is – 1980s style. The activist investor, which built an 11.6% stake in Red Robin Gourmet Burgers (ticker: RRGB) and had previously said it was willing to make a $40 a share offer, has made a “non-binding proposal” to acquire the […]
LONDON/DUBAI, July 18 (Reuters) - Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said. Evercore, founded and chaired by U.S. banker and former politician Roger Altman, had secured an equity advisory role with the oil giant in 2017 for what is expected to be the world's largest ever initial public offering (IPO). One of the sources also said that the appeal of Aramco's IPO to Evercore had diminished, due to the relatively low level of fees involved.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
By John Jannarone Red Robin Gourmet Burgers Inc.'s third-largest shareholder, Vintage Capital Management, has called a special meeting to oust five of seven directors at the casual dining chain, setting the stage for a fight for control of a business that has underperformed rivals for years. "Given the Board’s unwillingness to pursue a transparent and […]
Red Robin Turned Down Meeting with Large Shareholder and Launched Expensive Defense Campaign By John Jannarone Anyone who looks at a long-term stock chart can conclude that positive change is needed at Red Robin Gourmet Burgers. But rather than make meaningful improvements, the casual dining chain’s latest move was to serve shareholders a costly surprise. […]
In a bid to fortify its investment banking business and establish foothold in Canada, Stifel Financial (SF) seals deal to buy capital markets business of Toronto-based GMP Capital.
Goldman (GS) continues to make efforts to simplify and streamline its business areas that have scope of growth, with a view to boost its stock price.
We at Insider Monkey have gone over 738 13F filings that hedge funds and famous value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article we look at what those investors think of Evercore Inc. (NYSE:EVR). Evercore Inc. (NYSE:EVR) […]