Summary
8.93 -0.09(-1.02%)09/06/2024
Cohen & Company Inc (COHN)
Cohen & Company Inc (COHN)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -1.02 | 5.06 | 2.29 | -16.46 | 39.88 | -13.30 | 258.63 | -97.44 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 8.93 | |
| Open | 8.45 | |
| High | 8.93 | |
| Low | 8.45 | |
| Volume | 1,036 | |
| Change | -0.09 | |
| Change % | -1.02 | |
| Avg Volume (20 Days) | 9,540 | |
| Volume/Avg Volume (20 Days) Ratio | 0.11 | |
| 52 Week Range | 5.62 - 12.82 | |
| Price vs 52 Week High | -30.34% | |
| Price vs 52 Week Low | 58.90% | |
| Range | 5.68 | |
| Gap Up/Down | -0.98 | |
Fundamentals | ||
| Market Capitalization (Mln) | 17 | |
| EBIDTA | 0 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 0.50 | |
| Book Value | 22.6930 | |
| Earnings Per Share | -0.3300 | |
| EPS Estimate Current Quarter | 0.0000 | |
| EPS Estimate Next Quarter | 0.0000 | |
| EPS Estimate Current Year | 0.0000 | |
| EPS Estimate Next Year | 0.0000 | |
| Diluted EPS (TTM) | -0.3300 | |
| Revenues | ||
| Profit Marging | -0.0053 | |
| Operating Marging (TTM) | -0.2983 | |
| Return on asset (TTM) | 0.0487 | |
| Return on equity (TTM) | 0.4493 | |
| Revenue TTM | 86,121,000 | |
| Revenue per share TTM | 56.0520 | |
| Quarterly Revenue Growth (YOY) | 1.3370 | |
| Quarterly Earnings Growth (YOY) | -0.7250 | |
| Gross Profit (TTM) | 39,405,000 | |
| Dividends | ||
| Dividend Share | 1.0000 | |
| Dividend Yield | 0.1032 | |
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 0.4677 | |
| Revenue Enterprise Value | 0.8419 | |
| EBITDA Enterprise Value | 3.0333 | |
| Shares | ||
| Shares Outstanding | 1,926,840 | |
| Shares Float | 884,939 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.01 | |
| Insider (%) | 34.59 | |
| Institutions (%) | 3.61 | |
08/08 22:40 EST - seekingalpha.com
Cohen & Company Inc. (COHN) Q2 2024 Earnings Call Transcript
Cohen & Company Inc. (NYSE:COHN ) Q2 2024 Earnings Conference Call August 5, 2024 11:00 AM ET Company Participants Joseph W. Pooler Jr. - EVP, CFO, and Treasurer Lester R.
Cohen & Company Inc. (COHN) Q2 2024 Earnings Call Transcript
Cohen & Company Inc. (NYSE:COHN ) Q2 2024 Earnings Conference Call August 5, 2024 11:00 AM ET Company Participants Joseph W. Pooler Jr. - EVP, CFO, and Treasurer Lester R.
08/05 08:00 EST - globenewswire.com
Cohen & Company Reports Second Quarter 2024 Financial Results
PHILADELPHIA and NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its second quarter ended June 30, 2024. Summary Operating Results Three Months Ended Six Months Ended ($ in thousands) 6/30/24 3/31/24 6/30/23 6/30/24 6/30/23 Net trading $ 8,798 $ 9,848 $ 7,416 $ 18,646 $ 15,626 Asset management 2,078 2,717 1,605 4,795 3,630 New issue and advisory 6,500 24,388 1,395 30,888 2,295 Principal transactions and other revenue (6,578 ) (18,389 ) 12,156 (24,967 ) 9,845 Total revenues 10,798 18,564 22,572 29,362 31,396 Compensation and benefits 10,699 14,839 10,001 25,538 20,538 Non-compensation operating expenses 6,466 7,100 5,572 13,566 11,342 Operating income (loss) (6,367 ) (3,375 ) 6,999 (9,742 ) (484 ) Interest expense, net (1,425 ) (1,666 ) (1,630 ) (3,091 ) (3,222 ) Income (loss) from equity method affiliates (5,996 ) 29,045 (511 ) 23,049 (906 ) Income (loss) before income tax expense (benefit) (13,788 ) 24,004 4,858 10,216 (4,612 ) Income tax expense (benefit) (205 ) 498 5,550 293 6,134 Net income (loss) (13,583 ) 23,506 (692 ) 9,923 (10,746 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest (5,206 ) 16,270 6,503 11,064 6,600 Enterprise net income (loss) (8,377 ) 7,236 (7,195 ) (1,141 ) (17,346 ) Less: Net income (loss) attributable to the convertible non-controlling interest (6,028 ) 5,213 (594 ) (815 ) (8,108 ) Net income (loss) attributable to Cohen & Company Inc. $ (2,349 ) $ 2,023 $ (6,601 ) $ (326 ) $ (9,238 ) Fully diluted net income (loss) per share $ (1.47 ) $ 1.28 $ (4.34 ) $ (0.20 ) $ (6.14 ) Adjusted pre-tax income (loss) (1) $ (8,582 ) $ 7,734 $ (1,645 ) $ (848 ) $ (11,212 ) Fully diluted adjusted pre-tax income (loss) per share $ (1.51 ) $ 1.37 $ (0.30 ) $ (0.15 ) $ (2.03 ) (1) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
Cohen & Company Reports Second Quarter 2024 Financial Results
PHILADELPHIA and NEW YORK, Aug. 05, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its second quarter ended June 30, 2024. Summary Operating Results Three Months Ended Six Months Ended ($ in thousands) 6/30/24 3/31/24 6/30/23 6/30/24 6/30/23 Net trading $ 8,798 $ 9,848 $ 7,416 $ 18,646 $ 15,626 Asset management 2,078 2,717 1,605 4,795 3,630 New issue and advisory 6,500 24,388 1,395 30,888 2,295 Principal transactions and other revenue (6,578 ) (18,389 ) 12,156 (24,967 ) 9,845 Total revenues 10,798 18,564 22,572 29,362 31,396 Compensation and benefits 10,699 14,839 10,001 25,538 20,538 Non-compensation operating expenses 6,466 7,100 5,572 13,566 11,342 Operating income (loss) (6,367 ) (3,375 ) 6,999 (9,742 ) (484 ) Interest expense, net (1,425 ) (1,666 ) (1,630 ) (3,091 ) (3,222 ) Income (loss) from equity method affiliates (5,996 ) 29,045 (511 ) 23,049 (906 ) Income (loss) before income tax expense (benefit) (13,788 ) 24,004 4,858 10,216 (4,612 ) Income tax expense (benefit) (205 ) 498 5,550 293 6,134 Net income (loss) (13,583 ) 23,506 (692 ) 9,923 (10,746 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest (5,206 ) 16,270 6,503 11,064 6,600 Enterprise net income (loss) (8,377 ) 7,236 (7,195 ) (1,141 ) (17,346 ) Less: Net income (loss) attributable to the convertible non-controlling interest (6,028 ) 5,213 (594 ) (815 ) (8,108 ) Net income (loss) attributable to Cohen & Company Inc. $ (2,349 ) $ 2,023 $ (6,601 ) $ (326 ) $ (9,238 ) Fully diluted net income (loss) per share $ (1.47 ) $ 1.28 $ (4.34 ) $ (0.20 ) $ (6.14 ) Adjusted pre-tax income (loss) (1) $ (8,582 ) $ 7,734 $ (1,645 ) $ (848 ) $ (11,212 ) Fully diluted adjusted pre-tax income (loss) per share $ (1.51 ) $ 1.37 $ (0.30 ) $ (0.15 ) $ (2.03 ) (1) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
08/01 16:15 EST - globenewswire.com
Cohen & Company Sets Release Date for Second Quarter 2024 Financial Results
PHILADELPHIA and NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter 2024 on Monday, August 5, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time (ET) that day to discuss these results.
Cohen & Company Sets Release Date for Second Quarter 2024 Financial Results
PHILADELPHIA and NEW YORK, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter 2024 on Monday, August 5, 2024. The Company will host a conference call at 11:00 a.m. Eastern Time (ET) that day to discuss these results.
05/06 08:15 EST - globenewswire.com
Cohen & Company Reports First Quarter 2024 Financial Results
Net Income Attributable to Cohen & Company Inc. of $2.0 Million, or $1.28 per Diluted Share Adjusted Pre-Tax income of $7.7 Million, or $1.37 per Diluted Share Board Declares Quarterly Dividend of $0.25 per Share PHILADELPHIA and NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its first quarter ended March 31, 2024. Summary Operating Results Three Months Ended ($ in thousands) 3/31/24 12/31/23 3/31/23 Net trading $ 9,848 $ 7,809 $ 8,210 Asset management 2,717 1,919 2,025 New issue and advisory 24,388 18,722 900 Principal transactions and other revenue (18,389 ) 6,014 (2,311 ) Total revenues 18,564 34,464 8,824 Compensation and benefits 14,839 16,335 10,537 Non-compensation operating expenses 7,100 6,680 5,770 Goodwill impairment - - - Operating income (loss) (3,375 ) 11,449 (7,483 ) Interest expense, net (1,666 ) (1,619 ) (1,592 ) Other non-operating income - - - Income (loss) from equity method affiliates 29,045 17,217 (395 ) Income (loss) before income tax expense (benefit) 24,004 27,047 (9,470 ) Income tax expense (benefit) 498 166 584 Net income (loss) 23,506 26,881 (10,054 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest 16,270 11,054 97 Enterprise net income (loss) 7,236 15,827 (10,151 ) Less: Net income (loss) attributable to the convertible non-controlling interest 5,213 11,279 (7,514 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,023 $ 4,548 $ (2,637 ) Fully diluted net income (loss) per share $ 1.28 $ 2.97 $ (1.77 ) Adjusted pre-tax income (loss) (1) $ 7,734 $ 15,993 $ (9,567 ) Fully diluted adjusted pre-tax income (loss) per share $ 1.37 $ 2.88 $ (1.74 ) (1) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
Cohen & Company Reports First Quarter 2024 Financial Results
Net Income Attributable to Cohen & Company Inc. of $2.0 Million, or $1.28 per Diluted Share Adjusted Pre-Tax income of $7.7 Million, or $1.37 per Diluted Share Board Declares Quarterly Dividend of $0.25 per Share PHILADELPHIA and NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its first quarter ended March 31, 2024. Summary Operating Results Three Months Ended ($ in thousands) 3/31/24 12/31/23 3/31/23 Net trading $ 9,848 $ 7,809 $ 8,210 Asset management 2,717 1,919 2,025 New issue and advisory 24,388 18,722 900 Principal transactions and other revenue (18,389 ) 6,014 (2,311 ) Total revenues 18,564 34,464 8,824 Compensation and benefits 14,839 16,335 10,537 Non-compensation operating expenses 7,100 6,680 5,770 Goodwill impairment - - - Operating income (loss) (3,375 ) 11,449 (7,483 ) Interest expense, net (1,666 ) (1,619 ) (1,592 ) Other non-operating income - - - Income (loss) from equity method affiliates 29,045 17,217 (395 ) Income (loss) before income tax expense (benefit) 24,004 27,047 (9,470 ) Income tax expense (benefit) 498 166 584 Net income (loss) 23,506 26,881 (10,054 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest 16,270 11,054 97 Enterprise net income (loss) 7,236 15,827 (10,151 ) Less: Net income (loss) attributable to the convertible non-controlling interest 5,213 11,279 (7,514 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,023 $ 4,548 $ (2,637 ) Fully diluted net income (loss) per share $ 1.28 $ 2.97 $ (1.77 ) Adjusted pre-tax income (loss) (1) $ 7,734 $ 15,993 $ (9,567 ) Fully diluted adjusted pre-tax income (loss) per share $ 1.37 $ 2.88 $ (1.74 ) (1) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
05/02 16:15 EST - globenewswire.com
Cohen & Company Sets Release Date for First Quarter 2024 Financial Results
PHILADELPHIA and NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the first quarter 2024 on Monday, May 6, 2024. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results.
Cohen & Company Sets Release Date for First Quarter 2024 Financial Results
PHILADELPHIA and NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the first quarter 2024 on Monday, May 6, 2024. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results.
03/06 16:05 EST - globenewswire.com
Cohen & Company Reports Fourth Quarter & Full Year 2023 Financial Results
Fourth Quarter Net Income Attributable to Cohen & Company Inc. of $4.5 Million, or $2.97 per Diluted Share
Cohen & Company Reports Fourth Quarter & Full Year 2023 Financial Results
Fourth Quarter Net Income Attributable to Cohen & Company Inc. of $4.5 Million, or $2.97 per Diluted Share
01/22 15:30 EST - globenewswire.com
J.V.B. Financial Group, LLC Hires George Holstead to Expand Middle Markets Group
NEW YORK and BOCA RATON, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- J.V.B. Financial Group, LLC (“JVB”), an indirect, controlled subsidiary of Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, announced that George Holstead has joined as Managing Director and Head of the Middle Markets Group in JVB's Boca Raton office.
J.V.B. Financial Group, LLC Hires George Holstead to Expand Middle Markets Group
NEW YORK and BOCA RATON, Fla., Jan. 22, 2024 (GLOBE NEWSWIRE) -- J.V.B. Financial Group, LLC (“JVB”), an indirect, controlled subsidiary of Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, announced that George Holstead has joined as Managing Director and Head of the Middle Markets Group in JVB's Boca Raton office.
01/17 08:00 EST - prnewswire.com
Cohen & Company Capital Markets Highlights Strong 2023
Ranked Leading Advisor in the De-SPAC Market for 2023 Well Positioned to Build on Momentum in 2024 Driven by Increased Deal Volume Announces Three New Appointments to Senior Leadership Team with Nearly 50 Years of Combined Experience Top Ranked Industry Advisory Teams Including #1 Bitcoin Banker by Hashrateindex MENLO PARK, Calif. and NEW YORK , Jan. 17, 2024 /PRNewswire/ -- Cohen & Company Capital Markets ("CCM" or "the firm"), a leading full-service boutique investment bank, with a focus on mergers and acquisitions (M&A), capital markets, and SPAC advisory, today highlighted the firm's accomplishments throughout a successful 2023 and announced three new hires to its growing senior leadership team.
Cohen & Company Capital Markets Highlights Strong 2023
Ranked Leading Advisor in the De-SPAC Market for 2023 Well Positioned to Build on Momentum in 2024 Driven by Increased Deal Volume Announces Three New Appointments to Senior Leadership Team with Nearly 50 Years of Combined Experience Top Ranked Industry Advisory Teams Including #1 Bitcoin Banker by Hashrateindex MENLO PARK, Calif. and NEW YORK , Jan. 17, 2024 /PRNewswire/ -- Cohen & Company Capital Markets ("CCM" or "the firm"), a leading full-service boutique investment bank, with a focus on mergers and acquisitions (M&A), capital markets, and SPAC advisory, today highlighted the firm's accomplishments throughout a successful 2023 and announced three new hires to its growing senior leadership team.
11/02 08:00 EST - globenewswire.com
Cohen & Company Reports Third Quarter 2023 Financial Results
PHILADELPHIA and NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its third quarter ended September 30, 2023. Summary Operating Results ($ in thousands) Three Months Ended Nine Months Ended 9/30/23 6/30/23 9/30/22 9/30/23 9/30/22 Net trading $ 7,491 $ 7,416 $ 7,966 $ 23,117 $ 30,365 Asset management 1,788 1,605 3,456 5,418 7,243 New issue and advisory 7,247 1,395 13,235 9,542 20,486 Principal transactions and other revenue 595 12,156 (1,192 ) 10,440 (26,157 ) Total revenues 17,121 22,572 23,465 48,517 31,937 Compensation and benefits 15,219 10,001 15,227 35,757 41,320 Non-compensation operating expenses 6,006 5,572 5,390 17,348 15,809 Operating income (loss) (4,104 ) 6,999 2,848 (4,588 ) (25,192 ) Interest expense, net (1,685 ) (1,630 ) (1,346 ) (4,907 ) (3,803 ) Income (loss) from equity method affiliates (702 ) (511 ) 618 (1,608 ) (14,530 ) Income (loss) before income tax expense (benefit) (6,491 ) 4,858 2,120 (11,103 ) (43,525 ) Income tax expense (benefit) (755 ) 5,550 1,761 5,379 3,534 Net income (loss) (5,736 ) (692 ) 359 (16,482 ) (47,059 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest 1,936 6,503 (109 ) 8,536 (18,980 ) Enterprise net income (loss) (7,672 ) (7,195 ) 468 (25,018 ) (28,079 ) Less: Net income (loss) attributable to the convertible non-controlling interest (7,249 ) (594 ) 1,387 (15,357 ) (17,691 ) Net income (loss) attributable to Cohen & Company Inc. $ (423 ) $ (6,601 ) $ (919 ) $ (9,661 ) $ (10,388 ) Fully diluted net income (loss) per share $ (0.28 ) $ (4.34 ) $ (0.64 ) $ (6.40 ) $ (7.33 ) Adjusted pre-tax income (loss) $ (8,427 ) $ (1,645 ) $ 2,229 $ (19,639 ) $ (24,545 ) Fully diluted adjusted pre-tax income (loss) per share $ (1.52 ) $ (0.30 ) $ 0.41 $ (3.55 ) $ (4.49 ) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
Cohen & Company Reports Third Quarter 2023 Financial Results
PHILADELPHIA and NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its third quarter ended September 30, 2023. Summary Operating Results ($ in thousands) Three Months Ended Nine Months Ended 9/30/23 6/30/23 9/30/22 9/30/23 9/30/22 Net trading $ 7,491 $ 7,416 $ 7,966 $ 23,117 $ 30,365 Asset management 1,788 1,605 3,456 5,418 7,243 New issue and advisory 7,247 1,395 13,235 9,542 20,486 Principal transactions and other revenue 595 12,156 (1,192 ) 10,440 (26,157 ) Total revenues 17,121 22,572 23,465 48,517 31,937 Compensation and benefits 15,219 10,001 15,227 35,757 41,320 Non-compensation operating expenses 6,006 5,572 5,390 17,348 15,809 Operating income (loss) (4,104 ) 6,999 2,848 (4,588 ) (25,192 ) Interest expense, net (1,685 ) (1,630 ) (1,346 ) (4,907 ) (3,803 ) Income (loss) from equity method affiliates (702 ) (511 ) 618 (1,608 ) (14,530 ) Income (loss) before income tax expense (benefit) (6,491 ) 4,858 2,120 (11,103 ) (43,525 ) Income tax expense (benefit) (755 ) 5,550 1,761 5,379 3,534 Net income (loss) (5,736 ) (692 ) 359 (16,482 ) (47,059 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest 1,936 6,503 (109 ) 8,536 (18,980 ) Enterprise net income (loss) (7,672 ) (7,195 ) 468 (25,018 ) (28,079 ) Less: Net income (loss) attributable to the convertible non-controlling interest (7,249 ) (594 ) 1,387 (15,357 ) (17,691 ) Net income (loss) attributable to Cohen & Company Inc. $ (423 ) $ (6,601 ) $ (919 ) $ (9,661 ) $ (10,388 ) Fully diluted net income (loss) per share $ (0.28 ) $ (4.34 ) $ (0.64 ) $ (6.40 ) $ (7.33 ) Adjusted pre-tax income (loss) $ (8,427 ) $ (1,645 ) $ 2,229 $ (19,639 ) $ (24,545 ) Fully diluted adjusted pre-tax income (loss) per share $ (1.52 ) $ (0.30 ) $ 0.41 $ (3.55 ) $ (4.49 ) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
10/30 08:00 EST - prnewswire.com
Cohen & Company Capital Markets Continues Strong Momentum, Appoints Gary Quin Senior Advisor, EMEA Investment Banking to Expand Global Reach
Leading M&A, Capital Markets, and SPAC Advisory Firm Hires New Senior Talent MENLO PARK, Calif. and NEW YORK , Oct. 30, 2023 /PRNewswire/ -- Cohen & Company Capital Markets ("CCM") is pleased to announce the appointment of Gary Quin as Senior Advisor, who will lead CCM's efforts in Europe, the Middle East, and Africa (EMEA).
Cohen & Company Capital Markets Continues Strong Momentum, Appoints Gary Quin Senior Advisor, EMEA Investment Banking to Expand Global Reach
Leading M&A, Capital Markets, and SPAC Advisory Firm Hires New Senior Talent MENLO PARK, Calif. and NEW YORK , Oct. 30, 2023 /PRNewswire/ -- Cohen & Company Capital Markets ("CCM") is pleased to announce the appointment of Gary Quin as Senior Advisor, who will lead CCM's efforts in Europe, the Middle East, and Africa (EMEA).
08/02 08:00 EST - globenewswire.com
Cohen & Company Reports Second Quarter 2023 Financial Results
PHILADELPHIA and NEW YORK, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its second quarter ended June 30, 2023. Summary Operating Results Three Months Ended Six Months Ended ($ in thousands) 6/30/23 3/31/23 6/30/22 6/30/23 6/30/22 Net trading $ 7,416 $ 8,210 $ 10,377 $ 15,626 $ 22,399 Asset management 1,605 2,025 1,898 3,630 3,787 New issue and advisory 1,395 900 3,481 2,295 7,251 Principal transactions and other revenue 12,156 (2,311 ) (6,602 ) 9,845 (24,965 ) Total revenues 22,572 8,824 9,154 31,396 8,472 Compensation and benefits 10,001 10,537 12,214 20,538 26,093 Non-compensation operating expenses 5,572 5,770 5,102 11,342 10,419 Operating income 6,999 (7,483 ) (8,162 ) (484 ) (28,040 ) Interest expense, net (1,630 ) (1,592 ) (1,106 ) (3,222 ) (2,457 ) Income (loss) from equity method affiliates (511 ) (395 ) (3,044 ) (906 ) (15,148 ) Income (loss) before income tax expense (benefit) 4,858 (9,470 ) (12,312 ) (4,612 ) (45,645 ) Income tax expense (benefit) 5,550 584 (60 ) 6,134 1,773 Net income (loss) (692 ) (10,054 ) (12,252 ) (10,746 ) (47,418 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest 6,503 97 (4,167 ) 6,600 (18,871 ) Enterprise net income (loss) (7,195 ) (10,151 ) (8,085 ) (17,346 ) (28,547 ) Less: Net income (loss) attributable to the convertible non-controlling interest (594 ) (7,514 ) (6,228 ) (8,108 ) (19,078 ) Net income (loss) attributable to Cohen & Company Inc. $ (6,601 ) $ (2,637 ) $ (1,857 ) $ (9,238 ) $ (9,469 ) Fully diluted net income (loss) per share $ (4.34 ) $ (1.77 ) $ (1.53 ) $ (6.14 ) $ (6.71 ) Adjusted pre-tax income (loss) $ (1,645 ) $ (9,567 ) $ (8,145 ) $ (11,212 ) $ (26,774 ) Fully diluted adjusted pre-tax income (loss) per share $ (0.30 ) $ (1.74 ) $ (1.51 ) $ (2.03 ) $ (4.91 ) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
Cohen & Company Reports Second Quarter 2023 Financial Results
PHILADELPHIA and NEW YORK, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its second quarter ended June 30, 2023. Summary Operating Results Three Months Ended Six Months Ended ($ in thousands) 6/30/23 3/31/23 6/30/22 6/30/23 6/30/22 Net trading $ 7,416 $ 8,210 $ 10,377 $ 15,626 $ 22,399 Asset management 1,605 2,025 1,898 3,630 3,787 New issue and advisory 1,395 900 3,481 2,295 7,251 Principal transactions and other revenue 12,156 (2,311 ) (6,602 ) 9,845 (24,965 ) Total revenues 22,572 8,824 9,154 31,396 8,472 Compensation and benefits 10,001 10,537 12,214 20,538 26,093 Non-compensation operating expenses 5,572 5,770 5,102 11,342 10,419 Operating income 6,999 (7,483 ) (8,162 ) (484 ) (28,040 ) Interest expense, net (1,630 ) (1,592 ) (1,106 ) (3,222 ) (2,457 ) Income (loss) from equity method affiliates (511 ) (395 ) (3,044 ) (906 ) (15,148 ) Income (loss) before income tax expense (benefit) 4,858 (9,470 ) (12,312 ) (4,612 ) (45,645 ) Income tax expense (benefit) 5,550 584 (60 ) 6,134 1,773 Net income (loss) (692 ) (10,054 ) (12,252 ) (10,746 ) (47,418 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest 6,503 97 (4,167 ) 6,600 (18,871 ) Enterprise net income (loss) (7,195 ) (10,151 ) (8,085 ) (17,346 ) (28,547 ) Less: Net income (loss) attributable to the convertible non-controlling interest (594 ) (7,514 ) (6,228 ) (8,108 ) (19,078 ) Net income (loss) attributable to Cohen & Company Inc. $ (6,601 ) $ (2,637 ) $ (1,857 ) $ (9,238 ) $ (9,469 ) Fully diluted net income (loss) per share $ (4.34 ) $ (1.77 ) $ (1.53 ) $ (6.14 ) $ (6.71 ) Adjusted pre-tax income (loss) $ (1,645 ) $ (9,567 ) $ (8,145 ) $ (11,212 ) $ (26,774 ) Fully diluted adjusted pre-tax income (loss) per share $ (0.30 ) $ (1.74 ) $ (1.51 ) $ (2.03 ) $ (4.91 ) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
07/16 19:48 EST -
3 Doomed Dividend Stocks Destined for Disaster
While passive income typically represents a solid goal for most investors, the below doomed dividend stocks to avoid confirm that there's no such thing as a risk-free sector. It's like buying a used car.
3 Doomed Dividend Stocks Destined for Disaster
While passive income typically represents a solid goal for most investors, the below doomed dividend stocks to avoid confirm that there's no such thing as a risk-free sector. It's like buying a used car.
05/06 20:29 EST - seekingalpha.com
Cohen & Company Inc. (COHN) Q1 2023 Earnings Call Transcript
Cohen & Company Inc. (NYSE:COHN ) Q1 2023 Results Conference Call May 4, 2023 1:00 PM ET Company Participants Lester Brafman - CEO Joe Pooler - CFO Operator Good morning, ladies and gentlemen. Welcome to the Cohen & Company's First Quarter 2023 Earnings Call.
Cohen & Company Inc. (COHN) Q1 2023 Earnings Call Transcript
Cohen & Company Inc. (NYSE:COHN ) Q1 2023 Results Conference Call May 4, 2023 1:00 PM ET Company Participants Lester Brafman - CEO Joe Pooler - CFO Operator Good morning, ladies and gentlemen. Welcome to the Cohen & Company's First Quarter 2023 Earnings Call.
11/05 12:24 EST - seekingalpha.com
Cohen & Company, Inc. (COHN) Q3 2022 Earnings Call Transcript
Cohen & Company Inc. (NYSE:COHN ) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Lester Brafman - Chief Executive Officer Joe Pooler - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Cowen's Third Quarter 2022 Earnings Conference Call. My name is Maria, and I'll be your operator for today.
Cohen & Company, Inc. (COHN) Q3 2022 Earnings Call Transcript
Cohen & Company Inc. (NYSE:COHN ) Q3 2022 Earnings Conference Call November 2, 2022 10:00 AM ET Company Participants Lester Brafman - Chief Executive Officer Joe Pooler - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Cowen's Third Quarter 2022 Earnings Conference Call. My name is Maria, and I'll be your operator for today.
08/05 15:58 EST - seekingalpha.com
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q2 2022 Results - Earnings Call Transcript
Cohen & Company, Inc. (NYSE:COHN ) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Lester Brafman - Chief Executive Officer Joe Pooler - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen and welcome to Cohen & Company's Second Quarter 2022 Earnings Call. My name is John, and I will be your operator for today.
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q2 2022 Results - Earnings Call Transcript
Cohen & Company, Inc. (NYSE:COHN ) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET Company Participants Lester Brafman - Chief Executive Officer Joe Pooler - Chief Financial Officer Conference Call Participants Operator Good morning, ladies and gentlemen and welcome to Cohen & Company's Second Quarter 2022 Earnings Call. My name is John, and I will be your operator for today.
05/09 11:28 EST - seekingalpha.com
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q1 2022 Results - Earnings Call Transcript
Cohen & Company, Inc. (NYSE:COHN ) Q1 2022 Results Conference Call May 5, 2022 10:00 AM ET Company Participants Lester Brafman - CEO Joe Pooler - CFO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Cohen & Company's First Quarter 2022 Earnings Call. My name is Terren, and I will be your operator for today.
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q1 2022 Results - Earnings Call Transcript
Cohen & Company, Inc. (NYSE:COHN ) Q1 2022 Results Conference Call May 5, 2022 10:00 AM ET Company Participants Lester Brafman - CEO Joe Pooler - CFO Conference Call Participants Operator Good morning, ladies and gentlemen, and welcome to Cohen & Company's First Quarter 2022 Earnings Call. My name is Terren, and I will be your operator for today.
03/08 12:16 EST - seekingalpha.com
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q4 2021 Results - Earnings Call Transcript
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q4 2021 Results - Earnings Call Transcript
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q4 2021 Results - Earnings Call Transcript
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q4 2021 Results - Earnings Call Transcript
11/02 14:24 EST - seekingalpha.com
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q3 2021 Results - Earnings Call Transcript
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q3 2021 Results - Earnings Call Transcript
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q3 2021 Results - Earnings Call Transcript
Cohen & Company, Inc. (COHN) CEO Lester Brafman on Q3 2021 Results - Earnings Call Transcript
08/01 12:01 EST - seekingalpha.com
Cohen & Company Inc. (COHN) CEO Lester Brafman on Q2 2021 Results - Earnings Call Transcript
Cohen & Company Inc. (COHN) CEO Lester Brafman on Q2 2021 Results - Earnings Call Transcript
Cohen & Company Inc. (COHN) CEO Lester Brafman on Q2 2021 Results - Earnings Call Transcript
Cohen & Company Inc. (COHN) CEO Lester Brafman on Q2 2021 Results - Earnings Call Transcript
07/29 08:00 EST - globenewswire.com
Cohen & Company Reports Second Quarter 2021 Financial Results and Announces Resumption of Quarterly Dividend
Second Quarter Net Income Attributable to Cohen & Company Inc. of $1.7 Million, or $1.21 per Diluted Share
Cohen & Company Reports Second Quarter 2021 Financial Results and Announces Resumption of Quarterly Dividend
Second Quarter Net Income Attributable to Cohen & Company Inc. of $1.7 Million, or $1.21 per Diluted Share