Evercore added Frankfurt dealmaker. Evercore stock lost 1.13 percent.

Published on 10/08/2026 at 17:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs cut its target to USD 331 from USD 377 on October 1, 2026. Evercore stock costs EUR 235.90 on October 8, 2026, down 1.13 percent.

Key points in brief

Evercore added Philip von Malsen-Plessen as a senior managing director in Frankfurt on October 5, 2026.
Goldman Sachs cut its Evercore price target to USD 331.00 from USD 377.00 on October 1, 2026.
Evercore stock was at EUR 235.90 at Lang & Schwarz on October 8, 2026, down 1.13 percent from the prior close.
Second-quarter 2026 revenue rose 19.00 percent year over year, while net income fell 2.00 percent.
Evercore is scheduled to report third-quarter 2026 results on October 28, 2026.

EVR, US29977A1051, Illustration mit AI erstellt.

Evercore stock (ISIN US29977A1051) was at EUR 235.90 at Lang & Schwarz on October 8, 2026 at 5:07 p.m. CEST, down 1.13 percent from the prior close. The latest company event was the October 5 appointment of Philip von Malsen-Plessen as a senior managing director in Frankfurt, according to Evercore.

Three dated developments

On July 29, 2026, Evercore reported second-quarter revenue of USD 990.20 million, up 19.00 percent year over year, while net income was USD 95.30 million, down 2.00 percent, according to Simply Wall St. On September 3, 2026, the same source cited an analyst fair value estimate of USD 363.90, down from USD 383.60.

On October 5, 2026, Evercore announced the Frankfurt appointment. The sequence shows a company adding European advisory capacity while its recent earnings profile combines revenue growth with lower net income.

What does the Frankfurt hire change?

Von Malsen-Plessen joins from UBS after a long career in European investment banking, and Evercore said the move strengthens its DACH presence. Simply Wall St identified cost control as the counterweight, citing non-compensation expenses at 17.50 percent of revenue in the second quarter of 2026 versus 14.20 percent in fiscal year 2025.

The earnings comparison is important because the second-quarter revenue gain did not translate into net income growth. For investors, the European expansion therefore has to be measured against fee generation and expense discipline rather than headcount alone.

Goldman Sachs cuts its target

Goldman Sachs lowered its Evercore target to USD 331.00 from USD 377.00 on October 1, 2026 while maintaining a Buy rating, according to The Globe and Mail. The target revision and the Frankfurt hire point in different directions: execution capacity is expanding, while valuation expectations have been moderated.

Next results date is October 28

Evercore is scheduled to report third-quarter 2026 results on October 28, 2026, according to MarketBeat. That report will provide the next quantified test of whether advisory activity can offset the cost pressure highlighted in recent coverage.

EVR stock trades lower in Frankfurt hours

At Lang & Schwarz, Evercore was trading at EUR 235.90 on October 8, 2026 at 5:07 p.m. CEST, minus 1.13 percent versus the EUR 238.60 prior close of October 7, 2026. The further course of trading is shown by the continuously updated real-time quote of Evercore stock.