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Evercore Inc

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Evercore’s shares have significantly outperformed the industry in the past six months. The company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate for earnings in each of the trailing four quarters. Second-quarter results witnessed continued uptrend in revenues and a sound liquidity position. The company benefits from consistently rising investment banking revenues that have grown over time due to its strategic initiatives to bolster the segment. Also, steady capital deployment activities boost investors’ confidence in the stock. Further, a strong capital position keeps it well poised to undertake any opportunistic expansions. Though consistently rising expenses remain a major concern, Evercore remains well poised to benefit from improving domestic backdrop.

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