Chart: Masters of the Universe 2.0 (Evercore/Moelis/Houlihan)

Evercore Partners & Moelis & Co. Show Increased Advisory Revenue

Like Houlihan Lokey, Moelis & Company Inc. ($MC) also reported earnings this week and revenues were up 13% in Q3 '17 relative to Q3 '16. Unfortunately, the bank doesn't break out restructuring revenue but the company noted that it expects restructuring activity to be"flattish." Evercore Partners ($EVR) also reported record revenue and a strong earnings rise; it didn't parse out restructuring revenue. Advisory fees, generally, however, seem on the rise. Read: it's a good time to be banker. That is, unless you're a junior banker and the group is led by a 45 year-old with no plans to retire for another 35 years. Or you work at Rothschild & Co., and, if rumors are to be believed, the restructuring group is on the verge of a massive splintering. You heard it here first.