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Evercore dealmaking fees fall by 26% amid M&A slump
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fnlondon.comEvercore's dealmaking fees slid by 26% in the first quarter, as banks struggle against an ongoing decline in M&A work.
The boutique made $462.5m in advisory fees in the first three months of the year, a drop of more than a quarter on a year earlier.
Overall revenue declined by 21% to $572.1m, while underwriting fees of $22.8m tumbled by 37%.
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