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DJ Greenhill Increases Revenue, Profitability After Record 4Q -- Market Talk

· 02/05/2021 12:54

1254 ET - Investment bank Greenhill & Co. ended 2020 with the highest revenue quarter in firm history, helping the company achieve significant profitability and accelerated debt reduction. The company reported Thursday that revenue for the full year ended Dec. 31 grew 4% to $311.7M. The firm's fourth quarter revenue grew 32% year-over-year to record $140.7M. The revenue increases were boosted by fees from the firm's European merger and acquisition and its US restructuring businesses, as well as financing advisory assignments. (aisha.al-muslim@wsj.com; @aishaalmuslim)

(END) Dow Jones Newswires

February 05, 2021 12:54 ET (17:54 GMT)

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