Evercore Posts Record Revenue on Dealmaking Rebound (1)

Evercore Inc. posted record second-quarter revenue as a dealmaking rebound fueled a surge in advisory fees.

Adjusted net revenue soared 38% from a year earlier, to $695.3 million, as the firm advised on transactions including ConocoPhillips’s $22.5 billion acquisition of Marathon Oil Co., the quarter’s biggest takeover deal.

Revenue was the highest in the firm’s history, and far exceeded analysts’ forecasts of $610 million. Advisory fees rose 52%, to $568.2 million.

“We are in the midst of a gradual market recovery, and we continue to be encouraged as momentum builds across many of our businesses,” Chief Executive Officer John S. ...