** Investment bank Evercore's EVR.N shares rise ~2% to $288.50 premarket
** Co reports Q4 adjusted profit of $3.41 per share, comfortably surpassing Wall Street estimates of $2.85, according to data compiled by LSEG
** Dealmaking has seen an industry-wide resurgence with companies once again pursuing initial public offerings, mergers and acquisitions as well as equity and debt sales
** This follows nearly three years of dull activity that hit investment banks across the sector, due to elevated rates, capital markets volatility and anti-trust enforcement actions
** EVR's revenue was $980.5 mln in the quarter, beating analyst expectations of $885.1 mln
** Market environment has also been favorable for banks amid anticipation that President Donald Trump will usher in a business-friendly and deregulatory agenda
** EVR's advisory fees business logs a 29% jump in Q4, while underwriting fees increases 38%
** Stock up 2% YTD, as of previous close; It surged ~62% in 2024
(Reporting by Manya Saini in Bengaluru)
((Manya.Saini@thomsonreuters.com))
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