Evercore (EVR) Q2 Earnings Beat on Higher Revenues, Stock Dips
Evercore(EVR) ZACKS·2024-07-26 00:56
Evercore Inc.’s (EVR) second-quarter adjusted earnings per share of $1.81 surpassed the Zacks Consensus Estimate of $1.66. Also, the bottom line compared favorably with the prior-year quarter’s reported figure of 96 cents. Results benefited from an increase in revenues generated from the Investment Management and Investment Banking & Equities segments. Further, an improvement in assets under management (AUM) balance was another positive. However, the rise in expenses was a woe. Shares of Evercore fell 3.2% ...