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Stock impact report

Investment Banks Spurred by Relentless Wave of Restructuring [BNN Bloomberg (Canada)]

Moelis & Company Class A (MC) 
Last moelis & company class a earnings: 4/22 04:15 pm Check Earnings Report
US:NYSE Investor Relations: moelis.com
Company Research Source: BNN Bloomberg
There are signs that work helping firms with everything from discounted bond buybacks to creditor disputes will hold steady even as mergers and acquisitions come back, an usual coincidence down to new drivers. “This restructuring pipeline, by the way, I think everybody's been saying it feels extended,” said Ken Moelis, the chief executive officer of New York-based Moelis & Co., on his company's earnings call on last week. “It feels like there's just so much paper out there.” The value of restructuring transactions involving Lazard Inc. rose 75% to $177 billion in the three months through June from the same period last year. Houlihan Lokey Inc., meanwhile, had its second-highest ever haul of restructuring revenue for that period. At Evercore Inc., it's likely to be at a “healthy level for quite some time,” CEO John Weinberg said last week. The boom in restructuring helped advisory firms consistently beat analysts' expectations across the board last quarter. It's a sign that thor Show less Read more
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