Evercore (EVR) Q4 Earnings & Revenues Beat Estimates, Cost Up

Evercore Inc.’s (EVR) quarterly adjusted earnings per share of $2.02 surpassed the Zacks Consensus Estimate of$1.63. However, the bottom line was down from the prior-year quarter’s 3.50.A decline in net revenues of the Investment Banking & Equities segment hampered the overall top line. Nonetheless, an improvement in assets under management (AUM) balance was a positive. A rise in Investment Management segment revenues also offered some support.Net income available to common shareholders (GAAP basis) was ...