$Evercore (EVR.US)$I am in the investment banking business, ...
$Evercore (EVR.US)$I am in the investment banking business, and revenue has been growing fluctuatingly over the past 5 years, with an average growth rate of 10%. Profit has also been growing fluctuatingly, with an average growth rate of 4.6% over the past 4 years.
In the first half of 2023, revenue continued to shrink by 21%, and net income shrank by 53.2%. This has been the fifth consecutive quarter of shrinking.
The current P/E ratio is 11.5, and the P/E ratio on a trailing twelve-month basis has increased to 15.7. The valuation is relatively normal, but lacks attractiveness.
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