Reuters.Evercore (EVR) reported a mixed financial performance for the fourth quarter and full year of 2023, with net revenues of over $2.4B for the year and adjusted earnings per share of $2.02 for the quarter. Despite a decline in revenue and operating income compared to the previous year, the company highlighted the diversification of its business, significant investments, and a record high in Wealth Management assets under management. Evercore also expressed optimism about its restructuring business and the impact of new hires on future growth.
Key Takeaways
- Evercore’s adjusted net revenues for the fourth quarter were $790M, a 6% decline from the same period in 2022.
- The company’s full-year adjusted net revenues were $2.4B, mar…
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