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Stock impact report

Lazard Leads NY Investment Banks Heralding Surge in M&A and Debt [BNN Bloomberg (Canada)]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: BNN Bloomberg
The rare simultaneous waves of dealmaking and restructurings were the talk of one conference call after another as boutiques including Evercore Inc., Lazard Inc. and Moelis & Co. reported first-quarter results in recent days. It underscores, once again, how enmeshed those firms' fortunes are with the Federal Reserve's interest-rate decisions — and how the steepest US inflation in a generation is bending norms. “With each passing day, it is clearer that rates will remain higher for longer,” PJT Partners Inc. Chief Executive Officer Paul Taubman told analysts after posting the firm's second-highest revenue on record, helped by restructuring fees. “We see the environment getting more constructive by the day.” Companies that slammed the brakes on takeovers when the Fed initially raised rates have resumed the hunt for acquisitions as financing costs become more predictable and the economy stays robust. At the same time, those higher-for-longer rates are pressuring overly indebted co Show less Read more
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