Profile
Sector:
Financial ServicesIndustry:
Capital MarketsCountry:
United StatesIPO:
17 March 2004Website:
http://www.cohenandcompany.comNext earnings report:
N/ALast dividends:
22 August 2024Next dividends:
N/APrice
regular market | 12 min agoAnalysts recommendations
Institutional Ownership
COHN Latest News
Cohen & Company Inc. (NYSE:COHN ) Q3 2024 Earnings Conference Call November 4, 2024 10:00 AM ET Company Participants Lester Brafman - CEO Joe Pooler - CFO Operator Good morning, ladies and gentlemen. And welcome to Cohen & Company's Third Quarter 2024 Earnings Call.
PHILADELPHIA and NEW YORK, Nov. 04, 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 third quarter ended September 30, 2024. Summary Operating Results Three Months Ended Nine Months Ended ($ in thousands) 9/30/24 6/30/24 9/30/23 9/30/24 9/30/23 Net trading $ 8,816 $ 8,798 $ 7,491 $ 27,462 $ 23,117 Asset management 2,147 2,078 1,788 6,942 5,418 New issue and advisory 22,459 6,500 7,247 53,347 9,542 Principal transactions and other revenue (1,727 ) (6,578 ) 595 (26,694 ) 10,440 Total revenues 31,695 10,798 17,121 61,057 48,517 Compensation and benefits 17,915 10,699 15,219 43,453 35,757 Non-compensation operating expenses 6,558 6,466 6,006 20,124 17,348 Operating income (loss) 7,222 (6,367 ) (4,104 ) (2,520 ) (4,588 ) Interest expense, net (1,256 ) (1,425 ) (1,685 ) (4,347 ) (4,907 ) Income (loss) from equity method affiliates (683 ) (5,996 ) (702 ) 22,366 (1,608 ) Income (loss) before income tax expense (benefit) 5,283 (13,788 ) (6,491 ) 15,499 (11,103 ) Income tax expense (benefit) 142 (205 ) (755 ) 435 5,379 Net income (loss) 5,141 (13,583 ) (5,736 ) 15,064 (16,482 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest (2,455 ) (5,206 ) 1,936 8,609 8,536 Enterprise net income (loss) 7,596 (8,377 ) (7,672 ) 6,455 (25,018 ) Less: Net income (loss) attributable to the convertible non-controlling interest 5,446 (6,028 ) (7,249 ) 4,631 (15,357 ) Net income (loss) attributable to Cohen & Company Inc. $ 2,150 $ (2,349 ) $ (423 ) $ 1,824 $ (9,661 ) Fully diluted net income (loss) per share $ 1.31 $ (1.47 ) $ (0.28 ) $ 1.12 $ (6.40 ) (1) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
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”).
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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.
What type of business is Cohen?
Cohen & Company Inc. is a publicly owned investment manager. The firm primarily provides its services to individuals and institutions. It manages separate client-focused fixed income portfolios. Institutional Financial Markets, Inc. also manages funds and collateralized debt obligations for its clients. It invests in the fixed income and alternative investment markets across the globe. The firm's fixed income investments include U.S. trust preferred securities, European hybrid capital securities, Asian commercial real estate debt, mortgage backed securities, and asset backed securities. The firm was formerly known as Institutional Financial Markets, Inc. Cohen & Company Inc. was founded in 1999 and is based in Philadelphia, Pennsylvania with additional offices in New York City; Boca Raton, Florida; Chicago, Illinois; Bethesda, Maryland; Boston, Massachusetts; Paris, France; and London, United Kingdom.
What sector is Cohen in?
Cohen is in the Financial Services sector
What industry is Cohen in?
Cohen is in the Capital Markets industry
What country is Cohen from?
Cohen is headquartered in United States
When did Cohen go public?
Cohen initial public offering (IPO) was on 17 March 2004
What is Cohen website?
https://www.cohenandcompany.com
Is Cohen in the S&P 500?
No, Cohen is not included in the S&P 500 index
Is Cohen in the NASDAQ 100?
No, Cohen is not included in the NASDAQ 100 index
Is Cohen in the Dow Jones?
No, Cohen is not included in the Dow Jones index
When was Cohen the previous earnings report?
No data
When does Cohen earnings report?
Next earnings report date is not announced yet