Independent advisory houses Moelis & Co and Evercore have reported impressive third quarter earnings on the back of busy and complex M&A activity.

Moelis continued its run of strong earnings with another double-digit jump in revenues. The US firm reported revenues of $170m for the three months to September 30 – up 13% from the same period last year. GAAP profits of $0.48 were up 23% from a year ago.