Evercore Posts Record Revenue on Dealmaking Rebound.

Evercore Inc. has reported record second-quarter revenue due to a rebound in dealmaking, resulting in a surge in advisory fees. The firm's adjusted net revenue increased by 38% from the previous year to $695.3 million, with advisory fees rising by 52% to $568.2 million. CEO John S. Weinberg expressed optimism about the market recovery and the firm's ability to provide a broader range of products to a more diverse set of clients. The increase in revenue was attributed to the firm's expansion of senior managing directors and their success in securing mandates on big deals. This report provides insight into how boutique advisory firms performed in the quarter, with other firms such as Moelis & Co. and Lazard Inc. set to report their results as well. [Extracted from the article]