Cohen & Co.

Cohen & Co., Inc. engages in fixed income markets. It operates through the following segments: Capital Markets, Asset Management, and Principal Investing. The Capital Markets segment consists of fixed income sales, trading, matched book repo financing, and new issue placements in corporate and securitized products and advisory services, operating primarily through its subsidiaries. The Asset Management segment manages assets through investment vehicles, such as collateralized debt obligations, managed accounts, and investment funds. The Principal Investing segment includes investments that made for the purpose of earning an investment return. The company was founded in 1999 and is headquartered in Philadelphia, PA.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Cohen & Co. reports robust Q1 earnings, eyes growth opportunities

Cohen & Co. excelled in Q1 2024 with strong financial results driven by its investment banking and SPAC investments. While facing challenges with mark-to-market adjustments, the company remains focused on long-term value creation. Opportunities exist for growth through market expansion, revenue diversification, and risk management enhancements.

Cohen & Co. reports resilient Q2 performance amidst market challenges

Cohen & Co. showed resilience in their financial performance, with a focus on improving despite market challenges.
The company's investment banking arm performed well, generating significant advisory revenues and leading SPAC IPOs.
Challenges persist with mark-to-market adjustments impacting the portfolio and revenue from new issue services declining.
Opportunities lie in enhancing investment banking services, mitigating mark-to-market impacts, and diversifying revenue streams.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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

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. 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

Cohen & Company Inc. (NYSE:COHN ) Q1 2024 Earnings Conference Call May 6, 2024 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 the Cohen & Company's First Quarter 2024 Earnings Call. My name is Maria and I will be your operator for today.

Cohen & Company Inc. (COHN) Q1 2024 Earnings Call Transcript

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

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

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

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

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

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

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

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

Great Elm Capital

Icahn Enterprises

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

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

PHILADELPHIA and NEW YORK, May 04, 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 first quarter ended March 31, 2023. Summary Operating Results     Three Months Ended ($ in thousands)   3/31/23   12/31/22   3/31/22               Net trading   $ 8,210     $ 9,644     $ 12,022   Asset management     2,025       1,761       1,889   New issue and advisory     900       4,235       3,770   Principal transactions and other revenue     (2,311 )     (3,190 )     (18,363 ) Total revenues     8,824       12,450       (682 ) Compensation and benefits     10,537       8,970       13,879   Non-compensation operating expenses     5,770       6,251       5,317   Operating income     (7,483 )     (2,771 )     (19,878 ) Interest expense, net     (1,592 )     (1,179 )     (1,351 ) Income (loss) from equity method affiliates     (395 )     (6,401 )     (12,104 ) Income (loss) before income tax expense (benefit)     (9,470 )     (10,351 )     (33,333 ) Income tax expense (benefit)     584       1,260       1,833   Net income (loss)     (10,054 )     (11,611 )     (35,166 ) Less: Net income (loss) attributable to the non-convertible non-controlling interest     97       (4,223 )     (14,704 ) Enterprise net income (loss)     (10,151 )     (7,388 )     (20,462 ) Less: Net income (loss) attributable to the convertible non-controlling interest     (7,514 )     (4,387 )     (12,850 ) Net income (loss) attributable to Cohen & Company Inc.   $ (2,637 )   $ (3,001 )   $ (7,612 ) Fully diluted net income (loss) per share   $ (1.77 )   $ (2.10 )   $ (5.46 )               Adjusted pre-tax income (loss)   $ (9,567 )   $ (6,128 )   $ (18,629 ) Fully diluted adjusted pre-tax income (loss) per share   $ (1.74 )   $ (1.13 )   $ (3.35 )   Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).

Cohen & Company Reports First Quarter 2023 Financial Results

PHILADELPHIA and NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the first quarter 2023 on Thursday, May 4, 2023. The Company will host a conference call at 1:00 p.m. Eastern Time (ET) that day to discuss these results.

Cohen & Company Sets Release Date for First Quarter 2023 Financial Results

Board Declares Quarterly Dividend of $0.25 per Share Board Declares Quarterly Dividend of $0.25 per Share

Cohen & Company Reports Fourth Quarter & Full Year 2022 Financial Results

PHILADELPHIA and NEW YORK, March 03, 2023 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the fourth quarter and full year 2022 on Tuesday, March 7, 2023. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that morning to discuss these results.

Cohen & Company Sets Release Date for Fourth Quarter & Full Year 2022 Financial Results

Leading M&A, Capital Markets, and SPAC Advisory Firm Promotes Five Senior Talents MENLO PARK, Calif. and NEW YORK , Jan. 19, 2023 /PRNewswire/ -- Cohen & Company Capital Markets ("CCM"), a leading full-service boutique investment bank with a focus on mergers and acquisitions (M&A), capital markets, and SPAC advisory, closed out a strong 2022.

Cohen & Company Capital Markets Continues Strong Growth Despite Tumultuous Capital Market Environment

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 Reports Third Quarter 2022 Financial Results

PHILADELPHIA and NEW YORK, Oct. 31, 2022 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the third quarter 2022 on Wednesday, November 2, 2022. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that morning to discuss these results.

Cohen & Company Sets Release Date for Third Quarter 2022 Financial Results

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 Reports Second Quarter 2022 Financial Results

PHILADELPHIA and NEW YORK, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter 2022 on Wednesday, August 3, 2022. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that morning to discuss these results.

News for Cohen & Co. Stock (COHN)