Cohen & Co. Swings To Net Profit In Q1; Revenues Soar
(RTTNews) - Financial services company Cohen & Co. Inc. (COHN) reported Monday net income attributable to Company for the first quarter of $2.02 million or $1.28 per share, compared to a net loss of $2.64 million or $1.77 per share in the prior-year quarter.
Adjusted pre-tax income for the quarter was $7.7 million or $1.37 per share, compared to adjusted pre-tax loss of $9.6 million or $1.74 per share in the year-ago quarter.
Total revenues for the quarter surged to $18.56 million from $8.82 million in the same quarter last year.
The Company's Board of Directors has also declared a quarterly dividend of $0.25 per share, payable on June 5, 2024, to stockholders of record as of May 20, 2024.
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