Cohen & Company (COHN)
Provides fixed-income trading, SPAC and investment-banking advice, and insurance-credit and real-estate asset management.
Cohen & Company Inc. (COHN) Q2 2026 Earnings Call Transcript
Cohen & Company Inc. (COHN) Q2 2026 Earnings Call Transcript

Cohen & Company Reports Second Quarter 2026 Financial Results
Board Declares Quarterly Dividend of $0.25 per Share Revenue of $69.5 Million Net Income Attributable to Cohen & Company Inc. of $3.6 Million, or $0.94 per Diluted Share Adjusted Pre-Tax Income of $10.1 Million, or $1.62 per Diluted Share PHILADELPHIA and NEW YORK, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company” or the “Company”) today reported financial results for its second quarter ended June 30, 2026. Lester Brafman, Chief Executive Officer of Cohen & Company, said, “We are pleased to deliver another solid quarter, driven by continued strong performance in our full-service boutique investment bank, Cohen & Company Capital Markets, and its expertise in SPAC and de-SPAC transactions.

Cohen & Company Sets Release Date for Second Quarter 2026 Financial Results
PHILADELPHIA and NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter ended June 30, 2026 on Monday, August 3, 2026. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results.

Cohen & Company Inc. (COHN) Q1 2026 Earnings Call Transcript
Cohen & Company Inc. (COHN) Q1 2026 Earnings Call Transcript
Cohen & Company Reports First Quarter 2026 Financial Results
Board Declares Quarterly Dividend of $0.25 per Share Revenue of $57.9 Million Net Income Attributable to Cohen & Company Inc. of $1.5 Million, or $0.42 per Diluted Share Adjusted Pre-Tax Income of $4.0 Million, or $0.65 per Diluted Share PHILADELPHIA and NEW YORK, May 01, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) (“Cohen & Company”) today reported financial results for its first quarter ended March 31, 2026. Lester Brafman, Chief Executive Officer of Cohen & Company, said, “We are pleased to deliver another strong quarter, driven by the ongoing expansion of our client franchise.
Cohen & Company Sets Release Date for First Quarter 2026 Financial Results
PHILADELPHIA and NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the first quarter ended March 31, 2026 on Friday, May 1, 2026. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results.
Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened
Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN - Get Free Report) crossed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $15.52 and traded as low as $14.84. Institutional Financial Markets shares last traded at $15.51, with a volume of 27,569 shares changing hands.
Cohen & Company Inc. (COHN) Q4 2025 Earnings Call Transcript
Cohen & Company Inc. (COHN) Q4 2025 Earnings Call Transcript
Cohen & Company Reports Fourth Quarter & Full Year 2025 Financial Results
Board Declares Quarterly Dividend of $0.25 per Share and Special Dividend of $0.70 per Share Revenue of $102.7 Million in Fourth Quarter 2025 and $275.6 Million in Full Year 2025 Net Income Attributable to Cohen & Company Inc. of $8.1 Million, or $1.48 per Diluted Share, in Fourth Quarter 2025 and $14.4 Million, or $4.35 per Diluted Share, in Full Year 2025 Adjusted Pre-Tax Income of $18.3 Million, or $2.97 per Diluted Share, in Fourth Quarter 2025 and $41.4 Million, or $6.92 per Diluted Share, in Full Year 2025 PHILADELPHIA and NEW YORK, March 06, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) today reported financial results for its fourth quarter and full year ended December 31, 2025. Summary Operating Results Three Months Ended Twelve Months Ended ($ in thousands) 12/31/25 9/30/25 12/31/24 12/31/25 12/31/24 Investment banking and new issue $ 54,704 $ 68,606 $ 8,194 $ 187,608 $ 40,778 Net trading 13,819 13,560 8,947 47,347 36,409 Asset management 2,681 1,948 2,067 8,817 9,009 Principal transactions and other revenue 31,536 99 (667 ) 31,792 (6,598 ) Total revenues 102,740 84,213 18,541 275,564 79,598 Compensation and benefits 57,845 53,684 12,935 177,518 56,388 Non-compensation operating expenses 14,850 8,769 11,109 38,639 31,233 Operating income (loss) 30,045 21,760 (5,503 ) 59,407 (8,023 ) Interest expense, net (1,460 ) (1,472 ) (1,474 ) (5,876 ) (5,821 ) Gain on sale of management contracts - 1,897 - 2,734 - Income (loss) from equity method affiliates (5,081 ) (12,663 ) (662 ) (16,763 ) 21,704 Income (loss) before income tax expense (benefit) 23,504 9,522 (7,639 ) 39,502 7,860 Income tax expense (benefit) (2,275 ) 733 (764 ) (632 ) (329 ) Net income (loss) 25,779 8,789 (6,875 ) 40,134 8,189 Less: Net income (loss) attributable to the non-convertible non-controlling interest 5,254 (6,853 ) 66 (1,913 ) 8,675 Enterprise net income (loss) 20,525 15,642 (6,941 ) 42,047 (486 ) Less: Net income (loss) attributable to the convertible non-controlling interest 12,424 11,049 (4,988 ) 27,616 (357 ) Net income (loss) attributable to Cohen & Company Inc. $ 8,101 $ 4,593 $ (1,953 ) $ 14,431 $ (129 ) Fully diluted net income (loss) per share $ 1.48 $ 2.58 $ (1.21 ) $ 4.35 $ (0.08 ) Adjusted pre-tax income (loss) (1) $ 18,250 $ 16,375 $ (7,705 ) $ 41,415 $ (815 ) Fully diluted adjusted pre-tax income (loss) per share (1) $ 2.97 $ 2.71 $ (1.32 ) $ 6.92 $ (0.14 ) (1) Adjusted pre-tax income (loss) and adjusted pre-tax income (loss) per share are not measures recognized under U.S. generally accepted accounting principles (“GAAP”).
Cohen & Company: Has The Market Gone Too Far?
Cohen & Company is rated Buy, with a forward P/E of 5.8x and a P/B of 0.58x, signaling undervaluation relative to cyclical risks. Q3'25 saw strong advisory revenue and operating income, but principal segment losses due to high-risk equity holdings like NAKA offset gains. COHN's asset quality is supported by 53% of assets in short-term, high-quality repo arrangements, mitigating some balance sheet risk.
PriDe IV Exceeds Expectations, Becoming Cohen & Company Asset Management's Largest European Vintage to Date at €481.5 Million
PARIS, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) today announced that its controlled subsidiary, Cohen & Company Financial (Europe) S.A. (“CCFESA”), has successfully completed the second and final closing of its PriDe IV funds, with total commitments of €481.5 million. PriDe IV is the latest vintage in a series of funds focused on investing in Tier II capital instruments issued by small and mid-sized insurance companies with limited access to capital markets. The PriDe Program enables insurers to enhance their regulatory capital ratios, fund acquisitions or internal growth, optimize their reinsurance programs, and/or lower their weighted average cost of capital.
Institutional Financial Markets (NYSEAMERICAN:COHN) Share Price Passes Above 200 Day Moving Average – What’s Next?
Shares of Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $14.17 and traded as high as $19.95. Institutional Financial Markets shares last traded at $18.69, with a volume of 20,929 shares changing hands. Institutional Financial
Institutional Financial Markets (NYSEAMERICAN:COHN) Share Price Passes Above 200 Day Moving Average – Should You Sell?
Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $13.39 and traded as high as $19.80. Institutional Financial Markets shares last traded at $18.39, with a volume of 40,812 shares trading hands. Institutional Financial Markets
Cohen & Company Announces Appointment of Senior Leadership to Expand Energy and Energy Transition Capabilities
Firm Launches Houston Office Strategic Hire Anchors Firm's Expansion Across Energy, Power, and Infrastructure PHILADELPHIA and NEW YORK, Jan. 12, 2026 /PRNewswire/ -- After nearly doubling deal flow and closing $44 billion in transactions in 2025, Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, an indirect, controlled subsidiary of Cohen & Company Inc. (NYSE American: COHN), today announced the appointment of senior leadership to its Energy and Energy Transition team, along with the opening of its Houston office to serve as the firm's hub for energy and energy transition advisory services. Rahul Jasuja has joined the firm as Head of Energy and Energy Transition, bringing two decades of investment banking experience advising senior corporate leaders and boards across traditional energy, energy transition, and infrastructure, with a focus on M&A advisory and capital markets transactions.
Institutional Financial Markets (NYSEAMERICAN:COHN) Stock Passes Above 200-Day Moving Average – Here’s What Happened
Institutional Financial Markets, Inc. (NYSEAMERICAN:COHN - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $11.71 and traded as high as $19.75. Institutional Financial Markets shares last traded at $19.55, with a volume of 58,640 shares. Institutional
Cohen & Company Inc. (COHN) Q3 2025 Earnings Call Transcript
Cohen & Company Inc. ( COHN ) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST Company Participants Daniel Cohen - Executive Chairman Lester Brafman - Chief Executive Officer Joseph Pooler - Executive VP, CFO & Treasurer Presentation Operator Good morning, ladies and gentlemen. Welcome to Cohen & Company's Third Quarter 2025 Earnings Call.
Cohen & Company Sets Release Date for Third Quarter 2025 Financial Results
PHILADELPHIA and NEW YORK, Oct. 31, 2025 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the third quarter 2025 on Tuesday, November 4, 2025. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results.
Cohen & Company Reports Second Quarter 2025 Financial Results
Second Quarter 2025 Revenue of $59.9 Million Second Quarter 2025 Net Income Attributable to Cohen & Company Inc. of $1.4 Million, or $0.81 per Diluted Share Second Quarter 2025 Adjusted Pre-Tax Income of $5.5 Million, or $0.94 per Diluted Share Board Declares Quarterly Dividend of $0.25 per Share PHILADELPHIA and NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN), a financial services firm specializing in an expanding range of capital markets and asset management services, today reported financial results for its second quarter ended June 30, 2025. Summary Operating Results Three Months Ended Six Months Ended ($ in thousands) 6/30/25 3/31/25 6/30/24 6/30/25 6/30/24 Net trading $ 10,757 $ 9,211 $ 8,798 $ 19,968 $ 18,646 Asset management 2,168 2,020 2,078 4,188 4,795 New issue and advisory 37,411 33,239 6,500 70,650 30,888 Principal transactions and other revenue 9,535 (15,730 ) (6,578 ) (6,195 ) (24,967 ) Total revenues 59,871 28,740 10,798 88,611 29,362 Compensation and benefits 44,323 21,666 10,699 65,989 25,538 Non-compensation operating expenses 8,053 6,967 6,466 15,020 13,566 Operating income (loss) 7,495 107 (6,367 ) 7,602 (9,742 ) Interest expense, net (1,496 ) (1,448 ) (1,425 ) (2,944 ) (3,091 ) Gain on sale of management contracts 837 - - 837 - Income (loss) from equity method affiliates (1,437 ) 2,418 (5,996 ) 981 23,049 Income (loss) before income tax expense (benefit) 5,399 1,077 (13,788 ) 6,476 10,216 Income tax expense (benefit) 771 139 (205 ) 910 293 Net income (loss) 4,628 938 (13,583 ) 5,566 9,923 Less: Net income (loss) attributable to the non-convertible non-controlling interest (141 ) (173 ) (5,206 ) (314 ) 11,064 Enterprise net income (loss) 4,769 1,111 (8,377 ) 5,880 (1,141 ) Less: Net income (loss) attributable to the convertible non-controlling interest 3,361 782 (6,028 ) 4,143 (815 ) Net income (loss) attributable to Cohen & Company Inc. $ 1,408 $ 329 $ (2,349 ) $ 1,737 $ (326 ) Fully diluted net income (loss) per share $ 0.81 $ 0.19 $ (1.47 ) $ 1.00 $ (0.20 ) Adjusted pre-tax income (loss) (1) $ 5,540 $ 1,250 $ (8,582 ) $ 6,790 $ (848 ) Fully diluted adjusted pre-tax income (loss) per share $ 0.94 $ 0.22 $ (1.51 ) $ 1.15 $ (0.15 ) (1) Adjusted pre-tax income (loss) is not a measure recognized under U.S. generally accepted accounting principles (“GAAP”).
Cohen & Company Sets Release Date for Second Quarter 2025 Financial Results
PHILADELPHIA and NEW YORK, July 28, 2025 (GLOBE NEWSWIRE) -- Cohen & Company Inc. (NYSE American: COHN) will release its financial results for the second quarter 2025 on Thursday, July 31, 2025. The Company will host a conference call at 10:00 a.m. Eastern Time (ET) that day to discuss these results.
JVB Financial Announces Name Change to Cohen & Company Securities
Launches Redesigned Website www.cohensecurities.com
