EarningsEVR beat consensus EPS by 4c, driven by a 29% y/y increase in Investment Banking revenue, above consensus of 22% y/y.
Industry PositionEVR's industry-leading Private Client Advisory (PCA) and bolstered financial sponsor/private equity coverage positions the company well for this up-cycle.
Market PositionEvercore is exceedingly well positioned for a capital markets recovery owing to its premier M&A franchise and fast-growing equity capital market (ECM) business.