Evercore (EVR) Stock Dips 4.9% as Q1 Earnings Miss Estimates

Evercore Inc.’s (EVR) shares lost 4.9% following the release of its lower-than-expected first-quarter 2024 results. Adjusted earnings per share of $2.13 missed the Zacks Consensus Estimate of $2.20. The bottom line compared unfavorably with earnings of $2.16 per share reported a year ago.Results were affected due to a rise in expenses. Nonetheless, an increase in revenues generated from the Investment Management and Investment Banking & Equities segments offered support. Further, an improvement in assets un ...