Morningstar Rating

Stock Research and Analysis

by Michael Wong, CFA, CPA

Bulls Say

Expansion of Evercore's investment management business will allow the company to have a base of revenue even during a downturn in M&A activity.
Additional offices outside the U.S. will help mitigate the company's current reliance on the U.S. market.
Evercore has historically been able to increase advisory revenue faster than peers. Read more 

Bears Say

Evercore's geographic footprint is smaller than many of its competitors', so it lacks the local expertise that many companies might prefer when considering an advisor for a cross-border M&A deal.
Evercore's revenue is currently not very diversified, and a downturn in M&A activity would significantly affect the company's profitability.
There’s execution risk in translating ISI’s research strength into underwriting deals and potential business disruption and employee departure risks from expense scrutiny to hit operating margin targets. Read more 


Ralph Schlosstein became CEO of Evercore Partners in 2009. Before joining Evercore, he was CEO of alternative investment manager HighView, to which Evercore committed capital, and was president and cofounder of asset management firm BlackRock. Former   Read more 


Evercore Partners is an independent investment bank that derives the majority of its revenue from financial advisory, but has a growing institutional equities and investment   Read more 

3 Banking Takeaways From the Quarter 
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