Why Evercore (EVR) Stock Is Trading Up Today
Shares of investment banking firm Evercore (NYSE:EVR) jumped 3.9% in the afternoon session after the company announced it received a license to operate in Saudi Arabia and planned to open a new office in Riyadh. The investment banking advisory firm secured an arranging license from the Capital Markets Authority in the Kingdom of Saudi Arabia. This development allowed the company to establish a presence in Riyadh to provide independent advisory services to clients in the region. An executive note