Evercore Partners

Evercore has hired Jean Stack and John Song from Robert W. Baird to expand its aerospace, defense and government services coverage. Both are expected to join as senior managing directors in the greater Washington area in a few months, and Evercore plans a new office in Virginia. The hires are part of a broader push to expand coverage of financial sponsors and middle‑market business; the moves are not yet finalised. » Mere på de.investing.com

Josh Hou quit his job as an investment banking analyst at Evercore to cofound Ren, an app that runs personal health experiments to measure the effects of supplements and interventions. He left three months before his bonus to focus full time on product development, beta testing with about 40 users, and preparing for an app store launch. Hou plans to expand Ren to sell related services like supplements and blood tests as the startup seeks investors and growth. » Mere på yahoo.com

Evercore reported Q2 2026 EPS of $2.91 and revenue of $990.2 million, each slightly above consensus, but declined sharply versus the record-high Q1 with $1.4 billion in revenue and EPS of $7.53. The stock fell in pre-market trading as the result did not match the high bar set in Q1 and the company announced only an unchanged quarterly dividend of $0.89. Weaker sequential performance and a slightly negative market environment dampened investor sentiment, although the business is growing year-on-year. » Mere på de.investing.com

Evercore has hired Alexander Tracy from Perella Weinberg; he will be senior managing director in the restructuring division. Tracy had been leading Perella Weinberg’s US restructuring business and was previously managing director at Miller Buckfire. After the news, Perella Weinberg’s stock fell slightly, while Evercore’s rose modestly. » Mere på de.investing.com

Evercore reported adjusted EPS of $7.53 for Q1 2026 versus a forecast of $5.18 (+45.37%) and revenue of $1.4bn, about 20.7% above expectations. Revenue doubled year-on-year, adjusted operating margin rose to 25.3% and operating income reached $354m. The stock rose about 2% in premarket trading. Management attributes the result mainly to large transactions, cautions against broadly extrapolating the performance, and plans to expand its advisory business and invest in technology and AI. » Mere på de.investing.com