COHEN + COMPANY DL -,001

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.» Mehr auf seekingalpha.com

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”).» Mehr auf globenewswire.com

PHILADELPHIA and NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the third quarter 2024 on Monday, November 4, 2024. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results.» Mehr auf globenewswire.com