Evercore Q1 Earnings Beat on Higher Advisory Fees, Stock Up 3.2%

Shares of Evercore Inc. (EVR) gained 3.2% in response to the announcement of better-than-expected first-quarter 2025 results. Adjusted earnings per share of $3.49 surpassed the Zacks Consensus Estimate of$1.60. Also, the bottom line compared favorably with the prior-year quarter’s $2.13.  Results benefited from an increase in revenues generated from the Investment Management and Investment Banking & Equities segments. An improvement in assets under management (AUM) balance was another positive. However, th ...