Evercore Q4 adjusted EPS, revenue beat estimates on advisory business growth
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Evercore's Q4 revenue rose 32%, surpassing analyst expectations, with adjusted EPS of $1.29 beating the consensus of $1.13. The strong performance was driven by a 33% increase in advisory fees and an 87% rise in underwriting fees. The investment bank reported record revenues across various advisory sectors. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of $391, reflecting a 15.4% upside from its recent closing price of $338.73.
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