earnings
confidence high
sentiment negative
materiality 0.75
Cohen & Co posts Q4 net loss of $3.0M ($2.10/sh); revenue down 54% YoY
Cohen & Co Inc.
- Net loss attributable to Cohen & Company Inc. of $3.0M, or $2.10 per diluted share, vs net income of $4.2M in Q4 2021.
- Total revenues $12.5M, down from $27.0M in Q4 2021; negative principal transactions of $3.2M.
- Adjusted pre-tax loss of $6.1M ($1.13/sh) vs adjusted pre-tax income of $6.4M in Q4 2021.
- New issue and advisory revenue fell to $4.2M from $17.2M in Q4 2021; loss from equity method affiliates of $6.4M.
- Board declared quarterly dividend of $0.25/share, payable April 5, 2023 to holders of record March 22, 2023.