Cohen & Co Q2 2024 net loss $2.3M; declares $0.25 dividend

Cohen & Co Inc.

2024-Q2 EPS reported -$0.20 revenue$29,362,000

Net loss of $2.3M ($1.47 per diluted share) vs $2.0M income in Q1 and $6.6M loss in Q2 2023.
Total revenue $10.8M, down from $18.6M in Q1 2024 and $22.6M in Q2 2023.
Principal transactions negative $6.6M due to mark-to-market on investment portfolio.
Board declared $0.25 per share dividend payable Sep 5, 2024 to holders of record Aug 22.
CEO cites $6.4M advisory revenue from CCM; 2 SPAC IPOs lead-bookrunned.

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