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Jun 30, 2024
Evercore Q2 2024 Earnings Report
Evercore reported record second quarter net revenues, driven by growth in advisory fees and strategic senior managing director hires.
Key Takeaways
Evercore reported a strong second quarter with record net revenues of $689.2 million on a U.S. GAAP basis, representing a 38% increase compared to the same period last year. The firm's operating income increased by 88% to $108.2 million, and diluted earnings per share rose to $1.81.
Second quarter net revenues reached a record $689.2 million (GAAP) and $695.3 million (Adjusted).
Operating income increased 88% to $108.2 million (GAAP) and 80% to $114.3 million (Adjusted) compared to Q2 2023.
Advised on three of the six largest global transactions year-to-date.
Returned $395.6 million to shareholders during the first six months of 2024 through dividends and share repurchases.
Revenue by Segment
Forward Guidance
Evercore is in the midst of a gradual market recovery and is encouraged as momentum builds across many of its businesses. The firm provides a broader range of products than they ever have before to a larger, more diverse set of clients, presenting significant opportunity for Evercore.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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