Evercore EVR Investment Management — Goodwill Impairment Loss Net Of Tax
Discontinued — last reported Q2 '17
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Where this comes from
Reported directly by Evercore in its filing.
Tagged under the XBRL concept us-gaap:GoodwillImpairmentLossNetOfTax.
The official record: Evercore’s 10-Q, filed August 1, 2017, on SEC EDGAR. View the filing →
Questions, answered.
- What does investment management — goodwill impairment loss net of tax mean?
- A write-down of the value of previously acquired businesses that are now worth less than their recorded book value.
- How do you interpret investment management — goodwill impairment loss net of tax?
- An impairment loss is a negative signal indicating that past acquisitions have failed to meet performance expectations or that market conditions have deteriorated.
- How does investment management — goodwill impairment loss net of tax compare across companies?
- An infrequent, non-recurring event; peers in the asset management space may experience this during industry downturns or failed integration efforts.