AllAnalyst Report
logoMorningstarOctober 21, 2020

Evercore Inc.: Third Quarter May Mark Low in Evercore's Advisory Revenue, but Full Recovery May Still Be Slow

Symbols
EVR
Sector(s)
Financial Services
Rating
Premium
Current Price
$93.40
Fair Value
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Economic Moat
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Stewardship
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Summary

Evercore is an independent investment bank that derives the majority of its revenue from financial advisory, including merger, acquisition, and restructuring advisory. It also has institutional equities and investment management businesses that account for 15% to 20% of net revenue. The company was founded in 1996 and went public in 2006. Evercore has around 1,900 employees, and approximately 75% of the company's revenue is derived from the United States.

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