Evercore Surges to 363rd in Market Rankings with $294 Million Turnover

On April 30, 2025, Evercore (EVR) saw a significant increase in trading volume, with a turnover of $294 million, marking a 107.83% rise from the previous day. This surge placed Evercore at the 363rd position in the day's stock market rankings. The stock price of Evercore rose by 3.16%, marking the second consecutive day of gains, with a total increase of 4.09% over the past two days.

Evercore reported its first-quarter 2025 results, highlighting a 5% increase in its quarterly dividend to $0.84 per share. The company also returned $454.3 million to shareholders through dividends during the quarter.

Evercore's net revenues for the first quarter of 2025 increased by 20% year-over-year, reaching $694.8 million on a U.S. GAAP basis. However, the adjusted net revenues of $700 million showed a sequential decline from the previous quarter's $981 million, attributed to seasonality and market volatility.

Evercore's earnings and revenue for the first quarter of 2025 surpassed estimates, with earnings surprises of 118.13% and revenue surprises of 19.27%. The company reported earnings per share (EPS) of $3.49, exceeding analyst estimates of $2.35 by $1.14. Revenue for the quarter was $699.02 million.

Following the release of Evercore's first-quarter results, Goldman Sachs analyst James Yaro increased the price target for Evercore from $214 to $234, maintaining a Buy recommendation. This adjustment reflects the company's strong performance and positive outlook.