Is Evercore the next Bulge Bracket bank?
In honor of Evercore's 25th anniversary, I thought it'd be interesting to talk about their growth and trajectory over the past couple decades.
I am by no means trying to suck up to them, but their growth has been astounding. Evercore consistently competes on the same deals as the top bulge brackets in the industry and ranks extremely high in M&A fees annually. They are able to poach top rainmakers from Goldman, Morgan Stanley, and Citi to bolster their advisory businesses across the US, and win top talent at the analyst level above other bulge brackets.
With now over 1900 employees and counting, a growing capital markets and sales/trading group, and Evercore ISI Research, will Evercore eventually become the next bulge bracket? Is it their intention to grow to that size, as it conflicts with the founder's initial intent? Will Evercore remain as a top elite boutique?
All thoughts are welcome!