Evercore Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 24, 2024 at 06:45 am
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Evercore Inc. reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was USD 693.41 million compared to USD 503.6 million a year ago. Net income was USD 73.76 million compared to USD 37.21 million a year ago. Basic earnings per share from continuing operations was USD 1.92 compared to USD 0.97 a year ago. Diluted earnings per share from continuing operations was USD 1.81 compared to USD 0.95 a year ago.
For the six months, revenue was USD 1,278.42 million compared to USD 1,079.91 million a year ago. Net income was USD 159.45 million compared to USD 120.58 million a year ago. Basic earnings per share from continuing operations was USD 4.14 compared to USD 3.14 a year ago. Diluted earnings per share from continuing operations was USD 3.89 compared to USD 3.02 a year ago.
Evercore Inc. is an independent investment banking advisory company. The Company operates in two segments: Investment Banking & Equities and Investment Management. The Investment Banking & Equities segment includes the investment banking business through which it provides advice to clients on mergers, acquisitions, divestitures, shareholder activism and other strategic corporate transactions with a particular focus on advising multinational corporations and private equity firms on large, complex transactions. It provides liability management and restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. The Investment Management segment includes the wealth management business, through which it provides investment advisory, wealth management and fiduciary services for high-net-worth individuals and associated entities, and the private equity business, which holds interests in private equity funds, not managed by the Company.
EVERCORE INC. 
