STOCK TITAN

Cohen & Company Inc. - $COHN STOCK NEWS

Welcome to our dedicated page for Cohen & Company news (Ticker: $COHN), a resource for investors and traders seeking the latest updates and insights on Cohen & Company stock.

Cohen & Company Inc. (COHN) is a publicly-owned investment management firm headquartered in Philadelphia, Pennsylvania. Established in 1999, the company is recognized for its expertise in managing a range of fixed-income portfolios, with services extended to individuals and institutions globally. Formerly known as Institutional Financial Markets, Inc., Cohen & Company has a robust presence with additional offices in New York City, Boca Raton, Chicago, Bethesda, Boston, Paris, and London.

The firm's business is segmented into three primary areas:

  • Capital Markets: This segment is the main revenue driver and includes activities such as fixed-income sales and trading, matched book repo financing, new issue placements in corporate and securitized products, and advisory services.
  • Asset Management: This segment focuses on managing assets within collateralized debt obligations, managed accounts, joint ventures, and investment funds. It invests in U.S. trust preferred securities, European hybrid capital securities, Asian commercial real estate debt, mortgage-backed securities, and asset-backed securities.
  • Principal Investing: This segment involves investments aimed at generating returns rather than supporting trading or other capital market activities.

Recently, Cohen & Company has been actively involved in the de-SPAC market, advising on 29 announced or closed deals, representing nearly $16 billion in M&A volume for 2023. The firm is known for its innovative solutions and strategic advisory services across various sectors including blockchain, digital assets, auto-tech, clean-tech, and cybersecurity.

The company had a strong performance in 2023, despite challenges in new issue markets. CCM, the firm's capital markets division, was a leading advisor in the de-SPAC market and has expanded its senior leadership team with notable hires to bolster its capabilities in M&A, capital markets, and SPAC advisory.

Cohen & Company continues to innovate and adapt, leveraging its expertise to navigate market fluctuations and provide top-tier services to its clients. With a positive outlook for 2024, the firm anticipates increased activity in M&A and new SPAC issuance, driven by improved access to credit markets and a recovering economic backdrop.

Rhea-AI Summary

Cohen & Company Inc. reported strong financial results for the first quarter of 2024, with net income of $2.0 million and adjusted pre-tax income of $7.7 million. The company declared a quarterly dividend of $0.25 per share. Despite market challenges, the company continues to focus on growth and investment in its full-service boutique investment banking operation. Net trading revenue increased by 26% from the prior quarter. The company remains committed to enhancing shareholder value through prudent investments and revenue generation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.57%
Tags
-
Rhea-AI Summary

Cohen & Company Inc. (NYSE American: COHN) has announced the release date for its first-quarter 2024 financial results, scheduled for May 6, 2024. A conference call will be held the same day at 10:00 a.m. Eastern Time to discuss the results, with webcast and call-in options available for interested parties.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.57%
Tags
-
Rhea-AI Summary
Cohen & Company Inc. reported a net income of $4.5 million, or $2.97 per diluted share, for the fourth quarter of 2023. Adjusted pre-tax income was $16.0 million, or $2.88 per diluted share. The company declared a quarterly dividend of $0.25 per share. Revenues increased to $34.5 million, driven by growth in asset management, new issue and advisory, and principal transactions. The company's focus on expanding capital markets and asset management services has positioned it well for the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
21.4%
Tags
Rhea-AI Summary
J.V.B. Financial Group, LLC, a subsidiary of Cohen & Company Inc. (NYSE American: COHN), welcomes George Holstead as Managing Director and Head of the Middle Markets Group. With his extensive experience in fixed income markets, Holstead will lead the expansion of JVB's Middle Market division, aiming to provide unparalleled solutions and trusted advice to clients.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.26%
Tags
management
-
Rhea-AI Summary
Cohen & Company Capital Markets (CCM) was ranked the leading advisor in the de-SPAC market for the second year in a row, with nearly $16 billion in M&A volume. The firm also announced three new senior leadership appointments. Despite challenges in the new issue markets, CCM was the most active advisor in 2023, with a 28% market share in SPAC advisory. The firm played a crucial role in several significant transactions, reflecting its resilience and ability to adapt to market fluctuations. The outlook for 2024 is positive, with expectations of increased M&A activity and IPO candidates well-positioned to capitalize on market momentum.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.61%
Tags
none
-
Rhea-AI Summary
Cohen & Company Inc. reports financial results for Q3 2023. Net trading revenue was $7.5M, asset management revenue was $1.8M, and new issue and advisory revenue was $7.2M. Total revenues for the quarter were $17.1M. Operating income was -$4.1M. Net income attributable to Cohen & Company Inc. was -$423K. The company declared a quarterly dividend of $0.25 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.04%
Tags
Rhea-AI Summary
Cohen & Company Capital Markets (CCM) has hired Gary Quin as Senior Advisor to lead their efforts in Europe, the Middle East, and Africa. Quin brings over 25 years of investment banking experience and has a deep sectoral knowledge in various industries. He previously served as the CEO of North Atlantic Acquisition Corp and Vice Chairman of Credit Suisse's investment banking division in Europe. Quin successfully raised $66 billion in both private and public markets during his tenure at Credit Suisse. CCM aims to accelerate their growth and improve their international presence with Quin's expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.31%
Tags
management
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.1%
Tags
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.61%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.26%
Tags
none

FAQ

What does Cohen & Company Inc. do?

Cohen & Company Inc. is a publicly-owned investment management firm that manages fixed-income portfolios and provides capital markets and asset management services.

Where is Cohen & Company Inc. headquartered?

The company is headquartered in Philadelphia, Pennsylvania, with additional offices in New York City, Boca Raton, Chicago, Bethesda, Boston, Paris, and London.

What are the main business segments of Cohen & Company Inc.?

The main business segments are Capital Markets, Asset Management, and Principal Investing.

What recent achievements has Cohen & Company Inc. made?

In 2023, Cohen & Company advised on 29 announced or closed de-SPAC deals, representing nearly $16 billion in M&A volume.

What services does the Capital Markets segment provide?

The Capital Markets segment provides fixed-income sales and trading, matched book repo financing, new issue placements in corporate and securitized products, and advisory services.

What types of investments does the Asset Management segment handle?

The Asset Management segment handles U.S. trust preferred securities, European hybrid capital securities, Asian commercial real estate debt, mortgage-backed securities, and asset-backed securities.

How did Cohen & Company perform in 2023?

Despite market challenges, Cohen & Company had a strong 2023, leading the de-SPAC market and expanding its senior leadership team.

What is the outlook for Cohen & Company in 2024?

The outlook for 2024 is positive, with expected increased activity in M&A and new SPAC issuance, driven by improved access to credit markets and a recovering economic backdrop.

Who are recent notable hires at Cohen & Company?

Recent notable hires include Sean Bernsohn, Zac Costello, and Steve Weiner, who are expected to drive the firm's capabilities in M&A, capital markets, and SPAC advisory.

What industries does Cohen & Company's CCM division specialize in?

CCM specializes in various sectors including blockchain, digital assets, auto-tech, clean-tech, and cybersecurity.

Cohen & Company Inc.

NYSE:COHN

COHN Rankings

COHN Stock Data

17.88M
717.51k
38.9%
2.86%
0.51%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
PHILADELPHIA