Evercore Inc. (EVR) Morgan Stanley US Financials Conference 2026 June 9, 2026 11:15 AM EDT
Company Participants
John Weinberg – Chairman & CEO
Conference Call Participants
Ryan Kenny – Morgan Stanley, Research Division
Presentation
Ryan Kenny
Morgan Stanley, Research Division
All right. We are pleased to have with us John Weinberg, Chairman and CEO of Evercore.
John, thanks so much for joining us.
John Weinberg
Chairman & CEO
Thanks for having me.
Question-and-Answer Session
Ryan Kenny
Morgan Stanley, Research Division
So let’s start out by getting a view on the current environment. Deal activity seems to be picking up momentum. How have client discussions changed this year versus last year?
John Weinberg
Chairman & CEO
Well, this year started very much like last year where we really had a lot of enthusiasm. And just like last year, there was a little bit of a hiccup in the second or third month. We are now in an environment where there’s very high activity. And from my standpoint, I think our firm is finding that we are at virtually — close to record levels in terms of backlog.
Activity is extremely high in the boardrooms and really all the discussions that we’re having. And in addition, replenishment rate is very healthy. And we’re just feeling a lot of momentum really across most of our businesses.
Ryan Kenny
Morgan Stanley, Research Division
So before we dive deeper into the market and the businesses, there’s a lot of momentum, your recent results were very strong. You had your best quarter ever in the first quarter, $1.4 billion of revenue. And on the first quarter earnings call, you mentioned that you expect the second quarter revenues to be closer than what you experienced in the year-ago period. So how have near-term trends evolved since the earnings call about 6 weeks ago?
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