BUZZ-Evercore rises as Q4 results sail past Wall Street views

Investment bank Evercore's EVR.N shares rise ~2% to $288.50 premarket

Co reports Q4 adjusted profit of $3.41 per share, comfortably surpassing Wall Street estimates of $2.85, according to data compiled by LSEG

Dealmaking has seen an industry-wide resurgence with companies once again pursuing initial public offerings, mergers and acquisitions as well as equity and debt sales

This follows nearly three years of dull activity that hit investment banks across the sector, due to elevated rates, capital markets volatility and anti-trust enforcement actions

EVR's revenue was $980.5 mln in the quarter, beating analyst expectations of $885.1 mln

Market environment has also been favorable for banks amid anticipation that President Donald Trump will usher in a business-friendly and deregulatory agenda

EVR's advisory fees business logs a 29% jump in Q4, while underwriting fees increases 38%

Stock up 2% YTD, as of previous close; It surged ~62% in 2024