Cohen & Company Q3 revenue jumps on higher advisory income

Reuters
Nov 04
<a href="https://laohu8.com/S/COHN">Cohen &</a>amp; Company Q3 revenue jumps on higher advisory income

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.)

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