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, /PRNewswire/ -- Canadian Pacific Kansas City (TSX: CP) (NYSE: CP) (CPKC) said today it has signed a new five-year agreement with Elk Valley Resources (EVR), expanding CPKC's share of EVR's steelmaking coal movements to the West Coast.

Under the agreement, CPKC will provide safe, reliable and efficient rail service from EVR's four British Columbia steelmaking coal mines to Westshore Terminals and Neptune Terminals in Vancouver.

The new agreement positions CPKC to move a greater share of EVR's steelmaking coal directly to Vancouver export terminals, increasing the volume moving on CPKC's network. CPKC is the leading transporter of steelmaking coal in Canada, and EVR is CPKC's largest coal customer. The expanded relationship reflects the strength of CPKC's service offering and the value of its direct route to the West Coast.

"This agreement expands our successful and growing relationship with Elk Valley Resources and represents a significant long-term win for CPKC," said Keith Creel, CPKC President and CEO. "We are earning the opportunity to move more of EVR's steelmaking coal with our strong service and direct route to Vancouver. This five-year commitment demonstrates the value we are creating for EVR and positions CPKC to handle more volume as we grow together."

"EVR is pleased to expand our relationship with CPKC, which builds on a long history of working together to deliver Canadian steelmaking coal to global customers," said Mike Carrucan, CEO, EVR. "As one of the world's largest seaborne exporters of steelmaking coal, EVR provides an essential resource that our customers need while creating significant benefits for Canada."

 The five-year agreement is effective January 1, 2027.

Forward-looking information

This news release contains certain forward-looking information and forward-looking statements (collectively, "forward-looking statements") within the meaning of applicable securities laws in both the U.S. and Canada. Forward-looking statements include, but are not limited to, statements concerning expectations, beliefs, plans, goals, objectives, assumptions and statements about possible future events, conditions, and results of operations or performance. Forward-looking statements may contain statements with words or headings such as "financial expectations", "key assumptions", "anticipate", "believe", "expect", "plan", "will", "outlook", "guidance", "should" or similar words suggesting future outcomes. All statements other than statements of historical fact may be forward-looking statements. This news release contains forward-looking statements relating, but not limited, to statements concerning CPKC's ability to provide safe, reliable and efficient rail service to its customers; future volume growth and market share; and management's expectations about long-term benefits.   

The forward-looking statements contained in this news release are based on current expectations, estimates, projections and assumptions, having regard to CPKC's experience and its perception of historical trends, and include, but are not limited to, expectations, estimates, projections and assumptions relating to: changes in business strategies, North American and global economic growth and conditions; commodity demand growth; sustainable industrial and agricultural production; commodity prices and interest rates; foreign exchange rates; core adjusted effective tax rates; performance of our assets and equipment; sufficiency of our budgeted capital expenditures in carrying out our business plan; geopolitical conditions, applicable laws, regulations and government policies, including, without limitation, those relating to regulation of rates, tariffs, import/export, trade, taxes, wages, labour and immigration; the availability and cost of labour, services and infrastructure; labour disruptions; the satisfaction by third parties of their obligations to CPKC; and carbon markets, evolving sustainability strategies, and scientific or technological developments. Although CPKC believes the expectations, estimates, projections and assumptions reflected in the forward-looking statements presented herein are reasonable as of the date hereof, there can be no assurance that they will prove to be correct. Current conditions, economic and otherwise, render assumptions, although reasonable when made, subject to greater uncertainty.

Undue reliance should not be placed on forward-looking statements as actual results may differ materially from those expressed or implied by forward-looking statements. By their nature,  forward-looking statements involve numerous inherent risks and uncertainties that could cause actual results to differ materially from the forward-looking statements, including, but not limited to, the following factors: changes in business strategies and strategic opportunities; general Canadian, U.S., Mexican and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada, the U.S. and Mexico; North American and global economic growth and conditions; industry capacity; shifts in market demand; changes in commodity prices and commodity demand; uncertainty surrounding timing and volumes of commodities being shipped by CPKC; inflation; geopolitical instability; changes in laws, regulations and government policies, including, without limitation, those relating to regulation of rates, tariffs, import/export, trade, wages, labour and immigration; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labour disputes; changes in labour costs and labour difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; sufficiency of budgeted capital expenditures in carrying out business plans; services and infrastructure; the satisfaction by third parties of their obligations; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions, including the imposition of any tariffs, or other changes to international trade arrangements; the effects of current and future multinational trade agreements on or other developments affecting the level of trade among Canada, the U.S. and Mexico; climate change and the market and regulatory responses to climate change; anticipated in-service dates; success of hedging activities; operational performance and reliability; customer, regulatory and other stakeholder approvals and support; regulatory and legislative decisions and actions; the adverse impact of any termination or revocation by the Mexican government of Kansas City Southern de México, S.A. de C.V.'s concession; public opinion; various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches, volcanism and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; material adverse changes in economic and industry conditions; the outbreak of a pandemic or contagious disease and  the resulting effects on economic conditions; the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments; fiscal and monetary policy responses by governments and financial institutions; disruptions to global supply chains; the realization of anticipated benefits and synergies of the CP-KCS transaction and the timing thereof; the satisfaction of the conditions imposed by the U.S. Surface Transportation Board in its March 15, 2023 decision; the successful integration of KCS into CPKC; the focus of management time and attention on the CP-KCS integration and other disruptions arising from the CP-KCS integration; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favourable terms or at all; cost of debt and equity capital; improvement in data collection and measuring systems; industry-driven changes to methodologies; and the ability of the management of CPKC to execute key priorities, including those in connection with the CP-KCS transaction. The foregoing list of factors is not exhaustive. These and other factors that could cause actual results to differ materially from those described in the forward-looking statements contained in this news release are detailed from time to time in reports filed by CPKC with securities regulators in Canada and the United States, which can be accessed on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov). Reference should be made to "Part I - Item 1A – Risk Factors" and "Part II - Item 7 – Management's Discussion and Analysis of Financial Condition and Results of Operations – Forward-Looking Statements" in CPKC's annual report on Form 10-K and "Part II – Item 1A – Risk Factors" and "Part I – Item 2 – Management's Discussion and Analysis of Financial Condition and Results of Operations – Forward-Looking Statements" in CPKC's interim reports on Form 10-Q.

The forward-looking statements contained in this news release are made as of the date hereof. Except as required by law, CPKC undertakes no obligation to update publicly or otherwise revise any forward-looking statements, or the foregoing assumptions and risks affecting such forward-looking statements, whether as a result of new information, future events or otherwise.

About CPKC

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing approximately 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpkcr.com to learn more about the rail advantages of CPKC. CP-IR

SOURCE CPKC

Evercore (EVR - Free Report) came out with quarterly earnings of $4.28 per share, beating the Zacks Consensus Estimate of $2.61 per share. This compares to earnings of $3.48 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +63.99%. A quarter ago, it was expected that this investment bank would post earnings of $3.02 per share when it actually produced earnings of $2.91, delivering a surprise of -3.64%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Evercore, which belongs to the Zacks Financial - Investment Bank industry, posted revenues of $1.18 billion for the quarter ended September 2026, surpassing the Zacks Consensus Estimate by 28.56%. This compares to year-ago revenues of $1.05 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Evercore shares have lost about 23.6% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Evercore?While Evercore has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Evercore was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $5.12 on $1.32 billion in revenues for the coming quarter and $18.18 on $4.65 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Tradeweb Markets (TW - Free Report) , has yet to report results for the quarter ended September 2026. The results are expected to be released on October 29.

This electronic marketplaces operator is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of +17.2%. The consensus EPS estimate for the quarter has been revised 0.9% higher over the last 30 days to the current level.

Tradeweb Markets' revenues are expected to be $579.9 million, up 14% from the year-ago quarter.

NEW YORK--(BUSINESS WIRE)--Evercore Inc. (NYSE: EVR):   Third Quarter Results   Year to Date Results   U.S. GAAP   Adjusted   U.S. GAAP   Adjusted   Q3 2026 Q3 2025   Q3 2026 Q3 2025   YTD 2026 YTD 2025   YTD 2026 YTD 2025 Net Revenues ($ mm) $ 1,168.6   $ 1,038.9     $ 1,178.2   $ 1,047.1     $ 3,550.4   $ 2,567.5     $ 3,579.2   $ 2,585.8   Operating Income ($ mm) $ 242.6   $ 216.2     $ 269.7   $ 227.9     $ 719.9   $ 477.8     $ 813.9   $ 501.2   Net Income Attributable to Evercore Inc. ($.

Investors interested in stocks from the Financial - Investment Bank sector have probably already heard of BGC Group (BGC - Free Report) and Evercore (EVR - Free Report) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.

There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

BGC Group has a Zacks Rank of #2 (Buy), while Evercore has a Zacks Rank of #5 (Strong Sell) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that BGC has an improving earnings outlook. But this is just one piece of the puzzle for value investors.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.

BGC currently has a forward P/E ratio of 8.30, while EVR has a forward P/E of 13.86. We also note that BGC has a PEG ratio of 0.42. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. EVR currently has a PEG ratio of 1.14.

Another notable valuation metric for BGC is its P/B ratio of 4.39. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, EVR has a P/B of 4.48.

These are just a few of the metrics contributing to BGC's Value grade of B and EVR's Value grade of C.

BGC stands above EVR thanks to its solid earnings outlook, and based on these valuation figures, we also feel that BGC is the superior value option right now.

Kutgun Maral, Evercore ISI analyst, joins 'The Exchange' to discuss SpaceX earnings.

Evercore (NYSE: EVR) today announced that its Board of Directors has appointed Nigel Dawn and Naveen Nataraj as Co-Presidents of the firm, effective January 1, 2027. Mr. Dawn and Mr. Nataraj will report to Chairman and Chief Executive Officer John S. Weinberg, who will continue to lead Evercore, its Management Committee and the firm’s strategic direction. Evercore’s Board and Mr. Weinberg have agreed that he will serve as Chairman and CEO for at least the next three years.

This new leadership structure will enable the firm to continue to build on its strategy for growth. In their new roles, Mr. Dawn and Mr. Nataraj will work closely with Mr. Weinberg, Roger C. Altman, Evercore’s founder and Senior Chairman, and the global senior leadership team to execute the firm’s strategy and drive global expansion. These appointments will strengthen Evercore’s ability to serve clients while preserving the values, culture and commitment to people that have long defined the firm.

Daniel Mendelow will become sole Head of U.S. Investment Banking, with responsibility for Evercore’s largest business. Jason Sobol will become Chairman of U.S. Investment Banking and will collaborate closely with Eduardo Mestre, who will remain Chairman of Global Investment Banking.

John S. Weinberg said, “As Evercore has grown and evolved, we see increased opportunities to bring value for our clients. This leadership structure will help us drive our strategy more effectively while reinforcing our commitment to clients, our values and our culture. Nigel and Naveen are accomplished leaders who will make important contributions in these roles. I am excited to continue working with them and with our global senior leadership.”

Roger C. Altman said, “Evercore is a different firm today, even compared with three years ago. It is much larger, broader and more global, and is competitively stronger. The firm will benefit from additional management resources to support John, and today’s announcement reflects that need. I could not have greater confidence in Nigel and Naveen and look forward to working with them in their new roles. Moreover, John’s leadership, judgment and deep commitment to our people and clients have been, and will continue to be, central to what we are building.”

Mr. Dawn has led the development of the market-leading global Private Capital (Trades, Portfolio) Advisory (“PCA”) business, with teams in the United States, Europe and Singapore. Mr. Dawn will become Chairman of PCA and remain closely connected to the business and its clients.

During his tenure at Evercore, Mr. Nataraj has advised some of the firm’s most important clients on transactions across a broad range of industries. He will continue to advise clients and remain actively engaged in the firm’s Investment Banking business.

About Evercore

Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic and financial significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure. Evercore also assists clients in raising public and private capital, delivers equity research and equity sales and agency trading execution, and provides wealth and investment management services to high-net-worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20261018112796/en/

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Free points based prediction platform opens to the public as the company outlines a planned paid Pro offering for Phase 2

CHICAGO, IL / ACCESS Newswire / September 29, 2026 / Evercore Holdings, Inc. (OTCID:EVHO) today announced the Phase 1 launch of TraXion, its free, points-based prediction platform. People can now create an account at jointrax.com, explore questions across multiple categories, and put their views to the test without risking money.

TraXion turns a prediction into an ongoing experience. Users choose Yes or No on real-world outcomes, see market probabilities change as the community participates, and can manage an open position before a market resolves. Once an outcome is settled, the result becomes part of a lasting forecasting record. The platform is built around virtual points; points and contracts are not cash and cannot be redeemed for money.

Phase 1 also gives users more reasons to return and improve. Profiles, leaderboards, seasons, challenges, achievements and daily rewards recognize participation and progress. Market discussions and an activity feed make it easier to exchange perspectives, while referrals help users bring friends into the conversation. New accounts begin with 10,000 TraXion points.

The public launch moves TraXion beyond pre-registration and into a period of active use and product learning. Evercore expects to use feedback and engagement from the free experience to refine the platform and guide the next stage of development. The company is not announcing user totals, revenue targets or a timetable for future releases today.

Phase 2 and the Pro opportunity

Evercore plans to introduce paid Pro accounts in Phase 2, creating TraXion's first application-level monetization path. The intended model is a subscription for users who want more from their forecasting experience, not paid wagering or cash-based trading. Potential Pro capabilities under evaluation include deeper performance analytics, more advanced market research tools and more useful ways to follow the topics that matter to each user. The final feature set, price and launch date have not been determined and will be announced separately.

The staged approach lets TraXion establish a free core experience first, then test which premium tools deliver enough value for users to choose a paid account. For shareholders, Phase 1 represents the transition from development to a live product; Phase 2 is the planned step toward subscription revenue. Neither phase guarantees adoption or commercial results.

About TraXion

TraXion is a points-based prediction platform where people make forecasts on real-world outcomes, track their performance and engage with a community of fellow forecasters. TraXion is part of Evercore Holdings through its subsidiary Core Predictions LLC. Learn more at jointrax.com.

About Evercore Holdings

Evercore Holdings, Inc. (OTC:EVHO) is a holding company focused on building and developing businesses with long-term growth potential. More information is available at evercoreholding.com.

Forward Looking Statements

This release contains forward-looking statements, including statements about TraXion's launch, user engagement, planned Phase 2 Pro accounts, potential features and monetization. These statements reflect current plans and expectations, involve risks and uncertainties, and are not guarantees of future performance. Actual results may differ materially. Among other factors, execution, user adoption, product development, competition and regulatory developments could affect outcomes. Evercore undertakes no obligation to update forward-looking statements except as required by law.

Investor Contact

Evercore Holdings, Inc.
888-440-3940 | [email protected]
evercoreholding.com

SOURCE: Evercore Holdings Inc

Key Takeaways Goldman's IB fees rose 52% y/y to $6.2 billion in the 1H26, with backlog reaching a five-year high.Evercore's IB & Equities revenues grew 10.7% annually from 2020-2025 and backlog remains near records.Goldman is expanding AWM business through acquisitions, broadening its mix of fee-based revenues. Global merger and acquisition (M&A) activity has been strong in 2026, creating a favorable backdrop for investment banks. Deal value reached a record $2.8 trillion in the first half of the year, driven by a surge in mega-deals, although preliminary data indicate some moderation in overall deal activity during the third quarter. Against this backdrop, The Goldman Sachs Group, Inc. (GS - Free Report) and Evercore, Inc. (EVR - Free Report) offer investors different ways to gain exposure to the investment-banking (IB) cycle.

Goldman operates a diversified financial-services model spanning M&A advisory, underwriting, trading, financing, and asset and wealth management, providing multiple revenue streams beyond dealmaking. Evercore, in contrast, is an independent investment bank whose revenues are much more heavily concentrated in advisory and investment-banking activities, making its results more directly sensitive to M&A trends.

With dealmaking conditions still supportive, a closer look at GS and EVR’s growth prospects, financial performance, and valuation can help assess their respective upside potential.

The Case for GSGoldman remains well-positioned to benefit from improving strategic dealmaking and financing activity. The firm maintained its No.1 position in announced and completed M&A, equity and equity-related offerings, and leveraged lending in the first half of 2026, reflecting the strength of its global investment banking franchise. Investment banking fees rose 52% year over year to $6.2 billion in the first half of 2026, driven by higher advisory, equity underwriting and debt underwriting revenues amid improving capital markets activity.

By the end of second-quarter 2026, GS’s IB backlog reached its highest level in five years, including a record advisory backlog, supported by robust strategic M&A activity, AI-related capital formation and stronger financing demand. At the recent 24th Barclays Conference, management noted that IB activity remains healthy in the third quarter of 2026, supported by robust advisory, M&A, and underwriting trends, while equity trading has been very strong. However, softer FICC activity could partly offset this momentum.

Under CEO David Solomon, GS has embarked on a deliberate transformation to exit non-core consumer banking and double down on the divisions where Goldman maintains a clear competitive advantage. In sync with its restructuring efforts, this week. Yahoo Finance, citing Bloomberg reported that Goldman is in talks to acquire Palmer Square Capital Management. The potential acquisition would mark another step in Goldman’s efforts to expand its roughly $4-trillion Asset & Wealth Management (“AWM”) franchise and increase its mix of more durable, fee-based revenues.

Over the past year, the firm has accelerated its dealmaking momentum. The company completed its acquisition of venture-capital platform Industry Ventures in January 2026 and acquired Innovator Capital Management in April, adding approximately $31 billion in assets under supervision while expanding its ETF capabilities. Goldman also agreed in August to acquire real estate investment manager LCN Capital Partners and subsequently announced an agreement to acquire ETF manager NEOS Investments.

Driven by the company’s efforts to bolster AWM and Global Banking & Markets franchise, at the Barclays 24th Annual Global Financial Services Conference, Goldman’s chairman and CEO David Solomon highlighted that the company expects its revenue base to reach $70 billion this year, up from the mid-$30 billion range when its strategic plan began in 2018-19. The expansion reflects growth across core businesses, a more diversified revenue mix and improving operating leverage. 

The Case for EVREvercore, despite its relatively smaller scale, has established itself as a significant player in the IB space. The company derives the vast majority of its revenues from its Investment Banking & Equities business, which accounted for 97.6% of the total revenues as of June 30, 2026.

The M&A backdrop remains constructive in 2026, notwithstanding the temporary weakness witnessed last year amid uncertainty surrounding the Trump administration’s “Liberation Day” tariff policies. Management noted that client engagement remains elevated and the backlog is near record levels, with healthy activity expected through the remainder of 2026 and into 2027. 

Lower capital costs, growing demand for scale and an increased corporate focus on AI integration should further support deal activity. Evercore’s Investment Banking & Equities revenues saw a CAGR of 10.7% during 2020-2025, with the growth momentum continuing in the first half of 2026.

Evercore is also strengthening its IB franchise through continued investments in senior talent. As of June 30, 2026, the company had 230 Senior Managing Directors across its Investment Banking & Equities business, including 188 within Investment Banking, up from 197 and 159, respectively, a year earlier. Moreover, the acquisition of U.K.-based independent advisory firm Robey Warshaw, completed on Oct. 1, 2025, has enhanced Evercore’s presence in the U.K. and the broader EMEA region while expanding its sector, product and client coverage.

The company’s efforts to broaden its advisory client base, diversify revenue streams and expand geographically are expected to support sustained growth in IB revenues. Evercore also operates a relatively small wealth management business. Although the segment’s profitability has been affected in recent years by the disposal and restructuring of several related units, healthy asset inflows, favorable market performance and higher client fees should provide support.

GS & EVR: Price Performance, Valuation & Other ComparisonsIn the past year, shares of Goldman have risen 17.8%, while Evercore has declined 23.1%. Meanwhile, the industry has returned 10.5%. 

Price Performance

Image Source: Zacks Investment Research

In terms of valuation, Goldman is currently trading at a 12-month forward price-to-earnings (P/E) of 13.1X. The EVR stock, alternatively, is currently trading at a 12-month forward P/E of 11.5X. Both stocks are trading at a discount compared with the industry average of 13.2X. However, EVR is cheaper than the GS Stock.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

Both companies regularly pay out dividends. GS has a dividend yield of 2.1%, whereas EVR has a dividend yield of 1.4%. Here also, Goldman holds an edge over Evercore.

Dividend Yield

Image Source: Zacks Investment Research

How Do Estimates Compare for GS & EVR?The Zacks Consensus Estimate for GS’s 2026 and 2027 earnings indicates a year-over-year rise of 35.7% and 5.2%, respectively. Earnings estimates for both years have been revised upward over the past 30 days.

Estimate Revision Trend 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for EVR’s 2026 and 2027 earnings suggests a year-over-year jump of 35.9% and 19.9%, respectively. Earnings estimates for both years has remained unchanged over the past 30 days.

Estimate Revision Trend 

Image Source: Zacks Investment Research

GS or EVR: Which Stock Has More Upside Potential?While both Goldman and Evercore stand to benefit from the favorable IB environment, Goldman appears better-positioned for upside at present. Its leading position across M&A, underwriting and leveraged lending, record advisory backlog, and continued strength in equity trading provide solid near-term momentum. At the same time, GS’s ongoing expansion in the AWM division is helping diversify its revenue base and increase the contribution from more durable, fee-based businesses.

Evercore offers stronger projected earnings growth in 2027 and trades at a lower forward P/E, but its heavier dependence on advisory revenues makes it more sensitive to fluctuations in deal activity. Also, Goldman’s upward revision to its estimate reflects a more positive analyst outlook on the stock.

Goldman also carries a Zacks Rank #3 (Hold) at present compared with Evercore’s Zacks Rank #4 (Sell), giving GS an additional edge. Combined with its stronger share-price performance, higher dividend yield and more diversified business model, Goldman appears to have better upside potential. You can see the complete list of today’s Zacks #1 Rank (Srong Buy) stocks here.

Duolingo Inc. (NASDAQ:DUOL) shares are trading higher Tuesday after Evercore ISI upgraded the stock to Outperform from In Line and raised its price target to $210, citing strong market dynamics, product enhancements and monetization insights.

Duolingo stock is surging to new heights today. Why are DUOL shares rallying? Duolingo Dominates Language Learning with 53% ShareEvercore’s survey data shows Duolingo holds a commanding lead over competitors, with 53% of language learners using its platform — four times the share of Babbel at 13%. User satisfaction sits at an all-time high, with 66% of learners reporting they are “Extremely” or “Very Satisfied.” The firm said concerns about ChatGPT’s competitive impact appear nuanced, since most users engage with both platforms rather than switching away from Duolingo.

AI Features Drive Growth, RetentionNew AI-driven features, including spoken tokens and expanded conversation practice, are driving engagement and retention, according to Evercore. The firm’s survey found current user retention peaking at 84%, with daily active users expected to keep climbing toward Duolingo’s target of 100 million by 2028.

Monetization InsightsAI features are gaining traction with potential payers, with 35% of survey respondents indicating a willingness to pay for AI-driven services. Evercore noted a shift in subscriber mix, with growth in the Super tier offsetting a notable decline in Max-tier users, though it said strong retention among daily users positions Duolingo favorably for future monetization.

Read Next

Duolingo Shares Race HigherDUOL Price Action: At the time of publication, Duolingo shares are trading 4.86% higher at $155.57, according to data from Benzinga Pro.

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Evercore ISI initiated coverage of Red Cat Holdings Inc. (NASDAQ:RCAT) on Monday with an Outperform rating and a $15 price target, in a note titled “Ready. Set. Fly” that frames the Department of Defense’s shifting procurement priorities as a multi-year tailwind for the company.

RCAT stock is climbing. See the real-time price action here.  Evercore Initiates RCAT at Outperform, $15 price targetAnalyst Amit Daryanani said the Pentagon’s drone budget has undergone a structural shift, with the Department of Defense proposing $53.6 billion for its Drone Dominance Program in fiscal 2027 — the largest single commitment to drones in Pentagon history. 

Daryanani argued the shift could create a recurring replenishment cycle for Red Cat, since drones are increasingly treated as consumables rather than durable, long-life assets.

The Black Widow MoatThe note also pointed to a “qualification moat” building around Red Cat’s Black Widow drone. The company’s win of the Army’s Short-Range Reconnaissance program has helped establish Black Widow as a staple platform, a position reinforced by separate U.S. Air Force investment in the same aircraft, according to Evercore.

On the numbers, Evercore projects fiscal 2026 sales of $150 million to $180 million, which Daryanani said reflects strong second-half expectations that could outperform Street consensus.

He flagged the handling of unobligated defense funds as a swing factor that could boost demand once additional contracts materialize in the third quarter.

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Evercore also called Red Cat’s Variant 7 unmanned surface vessel a “call option” on the stock, citing ongoing production and evolving contract interpretations tied to the U.S. Navy as a longer-dated growth lever.

Trending

On margins, the firm said Red Cat is targeting 30% gross margins by fiscal 2026, aided by a mix shift toward higher-priced unmanned surface vessels.

Evercore Likes the SetupEvercore said the broader setup is supported by a robust balance sheet and continued capital and inventory investment, with demand expected to ramp across multiple military branches and allied nations over time.

The firm cautioned that defense budget fluctuations and contract delays remain the key risks, and said order timing and competitive dynamics warrant close monitoring.

Red Cat shares closed at $8.49 on Friday, down 8.51% on the session. Evercore’s $15 target implies upside of roughly 77% from that level, while the broader Street’s average target has climbed to $18.

RCAT Stock Price Action: According to data from Benzinga Pro, Red Cat stock was up 0.47% at $8.54 at the time of publication Monday.

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It has been about a month since the last earnings report for Evercore (EVR - Free Report) . Shares have lost about 6.6% in that time frame, underperforming the S&P 500.

But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Evercore due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for Evercore Inc before we dive into how investors and analysts have reacted as of late.

Evercore Q2 Earnings Miss Estimates, Revenues Rise on Deal ActivityEvercore reported second-quarter 2026 adjusted earnings per share of $2.91, missing the Zacks Consensus Estimate of $3.02. However, the bottom line compared favorably with the prior-year quarter’s $2.42.

Results were pressured by higher expenses. However, growth in revenues from the Investment Banking & Equities and Investment Management segments helped offset some of the impact. Additionally, the increase in assets under management provided further support to the overall performance.

The results include certain non-recurring items. After considering this, net income attributable to common shareholders (GAAP basis) was $95.3 million, down from $97.2 million in the year-ago quarter.

Revenues & Expenses RiseIn the second quarter of 2026, the company reported record net revenues (adjusted) of $999.5 million, beating the Zacks Consensus Estimate of $993.5 million by 0.6%. The top line increased 19.2% from $838.9 million in the year-ago quarter.

Total expenses increased 23.4% year over year to $843.6 million. The rise reflected increases in employee compensation and benefits, and non-compensation costs, along with special charges related to an estimated loss provision for non-U.S. employment taxes for prior periods.

The adjusted compensation ratio was 63.5%, down from 65.4% in the prior-year quarter.

The adjusted operating margin was 19%, up from 18.7% in the prior-year quarter.

Quarterly Segment Performance (GAAP Basis)Investment Banking & Equities: Net revenues increased 19.1% year over year to $966.9 million. This rise was primarily due to increases in advisory fees, underwriting fees, and commissions and related revenues. However, operating income declined 2.4% to $142.5 million from $146 million in the year-ago quarter.

Investment Management: Net revenues were $23.3 million, up 7.7% from the prior-year quarter. Operating income was $4.1 million, down 7.6% year over year. AUM was $16.2 billion as of June 30, 2026, growing 12% year over year.

Balance Sheet Position StrongAs of June 30, 2026, cash and cash equivalents were $1.3 billion, and investment securities and certificates of deposit were $1.1 billion. Current assets exceeded current liabilities by $1.9 billion as of the same date. Amounts due related to the notes payable were $540 million as of June 30, 2026.

Capital Distribution ActivitiesIn the reported quarter, Evercore repurchased an aggregate of 0.3 million shares at an average price of $339.79 per share.

How Have Estimates Been Moving Since Then?It turns out, fresh estimates have trended downward during the past month.

VGM ScoresCurrently, Evercore has a great Growth Score of A, though it is lagging a bit on the Momentum Score front with a B. Following the exact same course, the stock was allocated a score of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Evercore has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

Performance of an Industry PlayerEvercore belongs to the Zacks Financial - Investment Bank industry. Another stock from the same industry, Raymond James Financial, Inc. (RJF - Free Report) , has gained 0.7% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026.

Raymond James Financial reported revenues of $3.93 billion in the last reported quarter, representing a year-over-year change of +15.6%. EPS of $3.14 for the same period compares with $2.18 a year ago.

For the current quarter, Raymond James Financial is expected to post earnings of $3.38 per share, indicating a change of +8.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.3% over the last 30 days.

Raymond James Financial has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D.

Wall Street finds itself sharply divided over the market’s trajectory as billionaire investor Ray Dalio flags classic signs of an artificial intelligence (AI) bubble, even as Evercore ISI projects the S&P 500 could surge to 9,000 over the next 12 months. The stark divergence highlights a growing clash between macro structural risk models and momentum-driven technical forecasts.

Speaking on The Diary Of A CEO podcast, Bridgewater Associates founder and former CEO Dalio warned that runaway enthusiasm around revolutionary AI technology mirrors past speculative manias like the 1929 crash and the 2000 dot-com bust.

Dalio pointed out that while AI promises revolutionary disruption, market participants are taking on excessive leverage and ignoring asset valuations.

“What they call a bubble is when the price goes up a lot, and companies do very well, and then it collapses,” Dalio stated. “People get into that technology… and they lose sight that the price of it matters.”

He noted that rising interest rates or unexpected liquidity needs often trigger forced selling. “Wealth is not the same as money,” Dalio emphasized. “There is a pricking of the bubble, so what happens is it falls. And when that happens, people lose money.”

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Evercore’s Bullish TargetConversely, according to a CNBC report, Evercore ISI strategist Julian Emanuel holds an aggressive short-term outlook, arguing in a client note that the benchmark index has the momentum to climb roughly 16% to 9,000.

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Emanuel noted that typical late-cycle indicators—such as imminent recession, spiking long-term yields, or extreme corporate leverage—remain absent.

“The long term stock market trend continues to be higher, with potential for FOMO driven overshoot. SPX 9,000 attainable in next 12 months,” Emanuel wrote.

He added that modern investors are vastly more diversified than in previous cycles. “The 2020s AI Bull has yet to reach the heights and length of the innovation driven Bulls of the 1990s and 1920s… underscoring potential for further upside,” Emanuel added.

How Have Markets Performed In 2026?The S&P 500 index has advanced 12.93% year-to-date. Similarly, the Nasdaq Composite index was up 14.67%, and the Dow Jones gained 10.49% YTD.

On Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq-100, respectively, closed lower. The SPY was down 0.47% to $772.67, while the QQQ declined by 0.16% to $729.87. Meanwhile, the Dow tracker, State Street SPDR Dow Jones Industrial Average ETF Trust (NYSE:DIA), also ended 0.49% lower at $534.19 on Monday.

In premarket on Tuesday, SPY was down 0.47%, QQQ declined by 1.20% and DIA was up 0.045%.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

ROCKVILLE, Md., Aug. 13, 2026 (GLOBE NEWSWIRE) -- Ascentage Pharma Group International (NASDAQ: AAPG; HKEX: 6855) (“Ascentage Pharma” or the “Company”), a global, commercial-stage, integrated biopharmaceutical company engaged in the discovery, development and commercialization of novel, differentiated therapies to address unmet medical needs in cancer, announced today that the Company's management will participate in the Evercore ISI 2nd Annual China Biotech Summit, being held August 17-19, 2026 at The Ritz-Carlton Shanghai, Pudong.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreValue investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.

Growth ScoreGrowth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Evercore (EVR - Free Report) Headquartered in New York, Evercore Inc. is a premier global independent investment banking advisory firm. Founded in 1995, the company operates from its offices and affiliates in North America, Europe, the Middle East and Asia.

EVR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 16.02; value investors should take notice.

For fiscal 2026, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.26 to $19.53 per share. EVR boasts an average earnings surprise of +20.3%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, EVR should be on investors' short list.

Evercore Inc. (EVR) Q2 2026 Earnings Call Transcript

Evercore (EVR - Free Report) reported $999.52 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 19.2%. EPS of $2.91 for the same period compares to $2.42 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $993.52 million, representing a surprise of +0.6%. The company delivered an EPS surprise of -3.64%, with the consensus EPS estimate being $3.02.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Evercore performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Adjusted Net Revenues- Other Revenue, net: $38.65 million compared to the $23.17 million average estimate based on two analysts. The reported number represents a change of +32.7% year over year.Adjusted Net Revenues- Investment Management- Asset Management and Administration Fees: $24.66 million compared to the $24.78 million average estimate based on two analysts. The reported number represents a change of +14.7% year over year.Adjusted Net Revenues- Investment Banking & Equities- Total: $936.21 million versus the two-analyst average estimate of $986.85 million. The reported number represents a year-over-year change of +18.8%.View all Key Company Metrics for Evercore here>>>

Shares of Evercore have returned -0.3% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Evercore ISI’s Mark Mahaney raised the bar on Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) ahead of Wednesday night’s Q2 2026 earnings report, telling CNBC viewers that Search needs to hold 17%+ growth and Google Cloud needs to accelerate well past 70%. That is a demanding checklist for a company with a $4.29 trillion market cap, with the stock up 83.14% in the past year.

Google Search Must Repeat Its Strongest Growth in Years Mahaney’s first hurdle is holding the line on ad-driven search. “Search revenue last quarter positively surprised 17%, strongest growth in years. We need a repeat of that, probably at least this quarter, so 17% or greater,” he said.

That reference point comes from Alphabet’s Q1 2026 report, where Google Search & Other revenue reached $60.399 billion. CEO Sundar Pichai attributed the strength to “AI experiences driving usage, queries at an all time high.” Mahaney also flagged that a little bit of softness in advertising at the end of the March quarter did not come through in the June quarter, signaling a strong ad backdrop that reads through positively to Meta as well.

YouTube ads are expected to grow about 11% year over year, roughly in line with the $9.883 billion, 11% YoY result from Q1. This is steady growth, but it’s likely not going to be meaningful enough to drive the stock’s reaction after earnings.

Evercore Says Google Cloud Must Accelerate Beyond 70% Growth The higher hurdle is Google Cloud. Google Cloud posted $20.028 billion in Q1 with 63% growth. Mahaney is asking for further acceleration from a base that has already climbed sharply through 2025 and 2026. “That cloud segment last quarter shocked people with 63%. I think the bar this quarter has got to be north, well north of 70%,“ Mahaney said.

As a comparison, Microsoft (NASDAQ:MSFT) is seeing the same challenge. Azure last posted 40% YoY growth, with Microsoft Cloud revenue of $49.10 billion. Mahaney effectively wants to see Google Cloud grow at nearly double the pace of the market leader.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.

Alphabet’s $185 Billion Spending Plan Raises the Stakes The cloud number matters because Alphabet’s spending plan has ballooned. “They sort of shocked people by saying that they’re going to spend $185, $195 billion this year. And they said on the March quarter call that in the following year, capex next year is going to grow significantly,“ Mahaney said.

Alphabet saw $35.674 billion in Q1 capex alone, more than doubling YoY. To justify it, investors want visibility. The cloud backlog stood at $400 billion last quarter. Mahaney thinks this can work for Alphabet stock as long as they show strong growth numbers: “The stock can still work in that environment, but you better have a very strong Google Cloud number, and you better have a very strong backlog number.”

Key Takeaways Evercore’s Mahaney will be looking for Alphabet to post Search growth of at least 17%, Google Cloud growth well above 70%, and another increase in cloud backlog.

Those numbers will help determine whether Alphabet’s massive AI spending is producing enough demand to justify the cost. If growth falls short of these high expectations, the stock could decline even after reporting strong results.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Google didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Evercore (EVR - Free Report) Headquartered in New York, Evercore Inc. is a premier global independent investment banking advisory firm. Founded in 1995, the company operates from its offices and affiliates in North America, Europe, the Middle East and Asia.

EVR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

Additionally, the company could be a top pick for growth investors. EVR has a Growth Style Score of A, forecasting year-over-year earnings growth of 34.9% for the current fiscal year.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.37 to $19.64 per share. EVR boasts an average earnings surprise of +30.2%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, EVR should be on investors' short list.

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Evercore (EVR - Free Report) Headquartered in New York, Evercore Inc. is a premier global independent investment banking advisory firm. Founded in 1995, the company operates from its offices and affiliates in North America, Europe, the Middle East and Asia.

EVR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 17.2; value investors should take notice.

Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.16 to $19.43 per share. EVR boasts an average earnings surprise of +30.2%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, EVR should be on investors' short list.

Evercore (EVR - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

As such, the Zacks rating upgrade for Evercore is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Evercore, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for EvercoreFor the fiscal year ending December 2026, this investment bank is expected to earn $19.27 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Evercore. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.5%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Evercore to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

NEW YORK--(BUSINESS WIRE)--Evercore announced today that Eric Rabinowitz has joined the firm as a senior managing director in the healthcare investment banking group. He will be based in New York. “We are excited to welcome Eric to Evercore,” said Naveen Nataraj, co-head of Evercore's U.S. investment banking business. “As healthcare companies navigate an increasingly dynamic environment, his expertise enhances our ability to help clients evaluate transformative opportunities and execute on thei.

© Arsenii Palivoda / Shutterstock.com

Memory stocks rarely produce 84% gross margins. Commodity DRAM is the business school case study for cyclical pain, where pricing power goes to die. So when Micron Technology (NASDAQ:MU | MU Price Prediction) posted non-GAAP gross margins of 84.9% for its fiscal third quarter, the number stopped being a memory number and became a question about what kind of company Micron has become.

Julian Emanuel, Evercore ISI’s chief equity and quantitative strategist, addressed that question on CNBC’s Closing Bell Overtime on June 24, 2026. The earnings report was a bull-case beat, in his framing, which matters. Sell-side consensus is one thing. The hedge fund whisper number, already baked with AI optimism, is harder to clear. Micron cleared it convincingly, and the reaction across the semiconductor complex suggested the print reset expectations for the entire memory tape.

What the numbers actually said Adjusted EPS landed at $25.11 against a $20.78 consensus. Revenue hit $41.456 billion, beating the Street by 17.6% and growing 345.72% year over year, a comp profile that signals a business changing shape. GAAP gross margin expanded to 84.6% from 37.7% a year ago. That margin move is the whole story.

Q4 guidance followed. Management called for $50 billion in revenue, hugging the high end of buy-side modeling, with non-GAAP EPS of $31.00 ± $1.00 and ~86% gross margins. Capex of $7.1 billion versus the $7.3 billion estimate was the only soft data point, a mild underspend some analysts will read as supply discipline and others as a tell on capacity. The official press release sits on the SEC’s EDGAR system.

The market reaction matched the surprise. Micron closed +12.68% on earnings day, the strongest post-earnings move in eight quarters, against a stock already up 267.54% year to date through the prior close.

Why Emanuel called it durable CEO Sanjay Mehrotra anchored the durability argument himself, saying multi-year Strategic Customer Agreements “will significantly enhance the durability and predictability of Micron’s strong financial performance.”. The HBM4 stack going into the lead AI accelerator customer platform is now sold forward on contracts that look more like aerospace backlog than spot-market DRAM. That is why Emanuel argued the current cycle has, in his words, real earnings power behind it, unlike the late-1990s tech boom.

The lead customer is widely understood to be NVIDIA (NASDAQ:NVDA), whose Blackwell and Rubin platforms consume HBM in volumes that would have sounded absurd two years ago. Moreover, Jensen Huang has called this “the largest infrastructure expansion in human history.” NVIDIA’s own Q1 FY27 data center revenue of $75.25 billion backs the framing. Meanwhile, Advanced Micro Devices (NASDAQ:AMD) has worked its way into the conversation with the MI450 series and a Meta partnership for up to 6 GW of Instinct GPUs, with shares up 142.69% year to date. The takeaway for portfolio managers: HBM supply is now a strategic asset, and Micron sits at the center of a customer list that includes both of the most-watched accelerator franchises in the market.

The hedge Emanuel actually wants you to consider Where the segment got more interesting was Emanuel’s portfolio construction point. Investor flows are tilting toward AI “recipients” like Micron over the hyperscalers “footing the bill.”. That is a polite way of saying the people writing the capex checks may not get the same return on capital as the suppliers selling them irreplaceable parts. The math is straightforward: when one input commands 84% gross margins and customers sign multi-year take-or-pay style agreements, the rent flows to the supplier.

To manage concentration risk in an AI-heavy book, Emanuel pointed to over 80 negative-beta stocks that have moved inversely to the S&P 500 yet kept pace over the past six months. He flagged two near-term volatility drivers worth keeping in mind, supply jitters and uncertainty around the Fed chair transition.

For now, the Micron earnings report validates the thesis that the AI capex wave is showing up in supplier income statements rather than just slide decks. Micron trades at a forward PE of 9, which is either a screaming bargain or a market quietly pricing in the next memory downcycle. Q4 guidance and how those Strategic Customer Agreements flow through next year’s revenue line will settle that argument. For now, Evercore’s framing is the one investors are anchoring to as they reposition into the second half.

June 22, 2026 08:00 ET  | Source: Evolve Royalties Ltd.

(All amounts in Canadian dollars unless otherwise noted)  

VANCOUVER, British Columbia, June 22, 2026 (GLOBE NEWSWIRE) -- Evolve Royalties Ltd. (“Evolve” or the “Company”) (CSE: EVR; OTCQX: EVRYF) is pleased to announce that its common shares are now eligible for electronic clearing and settlement in the United States through the Depository Trust Company (“DTC”). DTC eligibility follows the commencement of trading of Evolve’s common shares on the OTCQX Best Market (“OTCQX”) under the symbol “EVRYF” and is intended to broaden the Company’s access to United States investors by simplifying the trading, clearing and settlement of its common shares.

DTC ELIGIBILITY

DTC is a subsidiary of the Depository Trust & Clearing Corporation (“DTCC”), which manages the electronic clearing and settlement of publicly traded securities in the United States and provides post-trade clearing, settlement, custody and information services for the global financial markets. With DTC eligibility, Evolve’s common shares may be electronically cleared and settled by participating broker-dealers in the United States, which is expected to simplify the trading process and enhance liquidity by streamlining settlement and improving overall market accessibility for United States investors.

Evolve’s common shares continue to trade in Canada on the Canadian Securities Exchange under the symbol “EVR” and in the United States on the OTCQX Best Market under the symbol “EVRYF”. DTC eligibility does not affect the trading of Evolve’s common shares on the Canadian Securities Exchange.

Joseph de la Plante, President & CEO of Evolve, commented: "DTC eligibility is an important milestone in building Evolve’s presence in the United States capital markets. Following our listing on the OTCQX, it removes friction for United States investors who want to own our shares, making it easier and faster to clear and settle trades through their existing brokerage accounts. As we grow our portfolio of cash-flowing royalties, broadening and deepening our access to United States investors is a priority, and this is a meaningful step in that direction."

CONTACT INFORMATION

For more information about Evolve, please visit www.evolveroyalties.com or contact us:

Joseph de la Plante, President & CEO
[email protected]
+1 514 546 1070

ABOUT EVOLVE
Evolve Royalties Ltd. is a royalty and streaming company focused on acquiring high-quality royalties in base and critical metals that support electrification and the global energy transition. The Company’s strategy is to build a diversified portfolio of long-life cash-flowing royalties while maintaining exposure to long-term commodity upside. The Company’s common shares are listed and posted for trading on the Canadian Securities Exchange under the symbol “EVR” and on the OTCQX Best Market under the symbol “EVRYF”. For more information please visit: www.evolveroyalties.com or the Company’s profile on SEDAR+ at www.sedarplus.ca.

Evolve Royalties Ltd.
550 Burrard Street, Suite 2900
Vancouver, British Columbia V6C 0A3        
www.evolveroyalties.com

FORWARD-LOOKING STATEMENTS
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws, which may include, but are not limited to, the expected benefits of DTC eligibility, including the simplification of the trading, clearing and settlement of the Company’s common shares for United States investors, enhanced liquidity, streamlined settlement and improved market accessibility; the Company’s ability to broaden and deepen its access to United States investors; the continued trading of the Company’s common shares on the Canadian Securities Exchange and the OTCQX Best Market; and the growth of the Company’s portfolio of cash-flowing royalties, as well as other statements with respect to future events or future performance. All statements in this news release, other than statements of historical fact, that address events or developments that Evolve expects to occur, are forward-looking statements. Forward-looking statements are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”, “scheduled” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Certain forward-looking statements may also constitute “financial outlook” within the meaning of applicable securities laws.

Forward-looking statements, including financial outlook, are based on Evolve’s assumptions and information available as of the date of this news release. Although Evolve believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: the impact of general business and economic conditions; the level of interest in, and trading activity of, the Company’s common shares among United States investors; the continued availability of electronic clearing and settlement of the Company’s common shares through the Depository Trust Company; stock market volatility and fluctuations in the market price of the Company’s common shares; regulatory restrictions; access to capital; and other related risks and uncertainties, including those discussed in the section entitled “Risk Factors” of the Company’s management’s discussion and analysis for the year ended December 31, 2025 as well as other materials available on the Company’s profile on SEDAR+ at www.sedarplus.ca.

Forward-looking statements and financial outlook in this news release are qualified by the foregoing cautionary statements and are made only as of the date hereof. Evolve expressly disclaims any obligation to update or revise any forward-looking statements or financial outlook or the assumptions or factors underlying them, whether as a result of new information, future events or otherwise, other than as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements and financial outlook.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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Stock to Watch: Evercore (EVR - Free Report) Headquartered in New York, Evercore Inc. is a premier global independent investment banking advisory firm. Founded in 1995, the company operates from its offices and affiliates in North America, Europe, the Middle East and Asia.

EVR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 19.4; value investors should take notice.

Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.29 to $19.27 per share. EVR boasts an average earnings surprise of +30.2%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, EVR should be on investors' short list.

Julian Emanuel, chief equity and quantitative strategist at Evercore, joins CNBC's 'Squawk on the Street' to discuss what's driving the markets, his bull case for the S&P 500, and more