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Dec 31, 2019
Evercore Q4 2019 Earnings Report
Evercore's Q4 2019 earnings decreased due to lower advisory fees and increased non-compensation costs, despite growth in underwriting revenue.
Key Takeaways
Evercore reported a decrease in net revenues by 14% compared to Q4 2018, primarily driven by a decrease in Advisory Fees. Despite the revenue decline, Underwriting Fees increased by 217%.
Net Revenues exceeded $2 billion.
Underwriting Revenue of $89.7 million was up 25% to a record level.
AUM from Wealth Management exceeded $9 billion.
Implemented realignment strategy for growth opportunities in 2020 and beyond.
Revenue by Segment
Forward Guidance
Evercore has implemented a realignment strategy to position the Firm to best capitalize on future growth opportunities and aims to achieve Adjusted operating margins of 25% or greater.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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