Materiality pending
Public signal · 1-minute delayed
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AI summary
What happened, with direct paths to the underlying reporting
- Evercore Inc. shares fell 4.9% on lower-than-expected Q1 2024 results, missing EPS estimates. - Revenues up 1.5%, expenses rose, net income increased by 2.8%. - Investment Management and Investment Banking & Equities segments saw revenue growth. - Declared dividend increase, repurchased shares at avg. price of $177.04. - Rising expense base a near-term concern, Zacks Rank #4 (Sell). Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- Evercore Inc. shares fell 4.9% on lower-than-expected Q1 2024 results, missing EPS estimates.
- Revenues up 1.5%, expenses rose, net income increased by 2.8%.
- Investment Management and Investment Banking & Equities segments saw revenue growth.
- Declared dividend increase, repurchased shares at avg. price of $177.04.
- Rising expense base a near-term concern, Zacks Rank #4 (Sell).
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