Evercore CEO Says Goal Is to Match Up With Goldman, JPMorgan

Evercore CEO Ralph Schlosstein comments on recent bank earnings and the slowdown in deal fees.(Source: Bloomberg)
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Evercore Inc., the independent merger adviser that’s climbed past some of Wall Street’s biggest banks in handling deals, is setting a new bar for itself.

“We’re now No. 4 in the world in advisory revenues,” Chief Executive Officer Ralph Schlosstein said in a Bloomberg Television interview. “I basically said to our partners, our goal is not to be No. 4, it’s to be one of four and mentioned in the same breath as Goldman Sachs, JPMorgan and Morgan Stanley.”