Evercore the Bulge Bracket
- Analyst class of 60~70
- Wealth management services
- S&T and equity research
- Still working on expanding
Balance sheets are not a prerequisite to becoming a BB (see Lehman, Bear Stearns). Therefore, I deem Evercore a future BB.
WAY too small of an overall presence and bank to be a BB. For reference, the smallest BB by market cap depending on the day is either DB or Barclays... DB is at $~35Bn with 90,130 employees and 7bn Euros in revenue a quarter. Barclay's market cap is $~45Bn with 92,900 employees and 6Bn pounds in revenue a quarter. Evercore is at a market cap of 10Bn with 2,195 employees and ~700MM in revenue.
Basically, EVR is significantly more efficient as an org and is valued higher, but also significantly smaller in terms of bank. For reference, the other 6 banks have significantly larger, revenue numbers per quarter: GS - 12.3Bn, MS - 15.3Bn, JPM - 39.54Bn, Citi - 17.8Bn. BOFA - 23.8Bn, UBS - 12.3Bn. What makes the BB's actually bulge brackets is that they are established IB's in a very large overall bank that does a bunch of other shit.
Delete
EVR revenue is ~$2.8bn....
He was talking quarterly
There are so many banks that fit your criteria that are not BB
Jeff
Laz
RayJ
what else?
Some of the Associates at that firm are the most annoying people to walk the planet. Especially the Indians.
Unfortunately I moved to BofA, where DEI Becky's basically tell me what to do.
Insufferable!
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