Evercore leads mixed Q1 for investment banking stocks as EVR revenue doubles

Evercore Inc. (NYSE: EVR) posted the strongest first-quarter results among 16 tracked investment banking and brokerage stocks, with revenue doubling year over year to $1.40 billion and beating analyst estimates by 16.6%, according to a May 13, 2026, sector earnings review. The group’s first-quarter revenue exceeded consensus estimates by an average of 0.8%, while next-quarter revenue guidance was broadly in line. Share prices across the group were little changed on average after results. Evercore shares were flat since reporting and traded at $341.09. Piper Sandler (NYSE: PIPR) revenue rose 22.5% to $469.5 million, beating estimates by 8.2%, though its stock fell 7.1% to $81.01. Perella Weinberg Partners (NASDAQ: PWP) reported revenue of $148.9 million, down 29.7% and 10.5% below estimates, sending shares down 20.6% to $18.06. Charles Schwab (NYSE: SCHW) met revenue expectations at $6.48 billion, while LPL Financial (NASDAQ: LPLA) missed revenue estimates by 0.9% at $4.94 billion.