Evercore Inc Class A
EVR: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|>Q | LOCK|Jx!? | LOCK|?FYBDT |
Evercore Earnings: Profit Pressure Drives Shares Lower Despite Decent Results
Evercore reported solid second-quarter earnings, with $990 million in revenue representing 19% growth from the year-ago period, while the firm's $2.91 in adjusted EPS represented 20% growth. Still, the firm's shares sold off by roughly 10% in July 29 trading on the back of cost-control concerns.
