Overview
Cohen & Company Q3 revenue rises to $84.2 mln, driven by advisory revenue growth
Net income attributable to Cohen & Company Inc. increases to $4.6 mln
Adjusted pre-tax income for Q3 rises to $16.4 mln
Outlook
Cohen & Company expects Q4 revenue to exceed $50 mln
Company anticipates full-year 2025 revenue over $220 mln
Company sees continued trading revenue growth amid declining interest rates
Result Drivers
ADVISORY REVENUE - CCM generated $228 mln in advisory revenue, significantly boosting total revenue
NEGATIVE PRINCIPAL TRANSACTIONS - Financial instruments received as client consideration led to negative $159.4 mln in principal transactions revenue
TRADING REVENUE INCREASE - Declining interest rates boosted trading revenue by 26% from the previous quarter
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $84.21 mln | ||
Q3 Adjusted EPS | $2.71 | ||
Q3 EPS | $2.58 | ||
Q3 Net Income | $8.78 mln | ||
Q3 Adjusted Pretax Profit | $16.37 mln | ||
Q3 Operating Income | $21.76 mln | ||
Q3 Pretax Profit | $9.52 mln |
Press Release: ID:nGNXc00HTT
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)