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Public signal · 1-minute delayed
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Evercore's Q2 EPS of $1.81 exceeded estimates and last year's figure. Total revenues rose 37.7% year over year to $693.4 million. Investment Banking net revenues grew 38.9% due to high advisory fees. Expenses increased 31.5%, potentially impacting future bottom-line growth. Cash and cash equivalents totaled $631.6 million as of June 30.
- Evercore's Q2 EPS of $1.81 exceeded estimates and last year's figure.
- Total revenues rose 37.7% year over year to $693.4 million.
- Investment Banking net revenues grew 38.9% due to high advisory fees.
- Expenses increased 31.5%, potentially impacting future bottom-line growth.
- Cash and cash equivalents totaled $631.6 million as of June 30.
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