Cohen & Company Reports Fourth Quarter & Full Year 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2025
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Should l Buy COHN?
Source: Newsfilter
Financial Performance Overview: Cohen & Company reported a net loss of $2.0 million for Q4 2024, with total revenues decreasing to $18.5 million compared to $34.5 million in Q4 2023, primarily due to lower new issue and advisory revenue.
Business Growth and Future Outlook: Despite challenges such as elevated mortgage rates, the company experienced growth in its mortgage business and plans to continue paying dividends while focusing on enhancing long-term value for shareholders.
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Analyst Views on COHN
About COHN
Cohen & Company Inc. is a financial services company specializing in a range of capital markets and asset management services. The Company’s segments include Capital Markets, Asset Management, and Principal Investing. The Capital Markets business segment consists of fixed income sales, trading, and gestation repo financing, new issue placements in corporate and securitized products, underwriting, and advisory services, operating primarily through its subsidiaries, Cohen & Company Securities, LLC in the United States and Cohen & Company Financial (Europe) S.A. in Europe. The Asset Management segment manages assets through collateralized debt obligations, managed accounts, joint ventures, and investment funds. The Principal Investing segment comprises investments the Company holds related to its special purpose acquisition company (SPAC) franchise and other investments the Company has made for the purpose of earning an investment return.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Leadership Appointment: Rahul Jasuja has been appointed as Head of Energy and Energy Transition, bringing 20 years of investment banking experience that is anticipated to enhance the firm's advisory capabilities, particularly in M&A and capital markets transactions.
- Market Trend Insight: The firm emphasizes that energy transition is crucial for the expansion of the global energy system, with Houston serving as a center for capital and operational expertise to support the growing energy demand and promote sustainability.
- Investment in Frontier Technology: Cohen & Company Capital Markets plans to increase investments in infrastructure for the digital economy, particularly in areas like nuclear and rare earth technologies, to address the upcoming cycle of value creation.
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- Earnings Miss: UniFirst Corp reported adjusted earnings of $1.97 per share for Q1, falling short of market expectations of $2.06, indicating challenges in profitability that may affect investor confidence.
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- Stock Price Reaction: Following the mixed results, UniFirst's shares dropped approximately 4% on Wednesday, reflecting market worries about the company's future profitability and potentially prompting investors to reassess their strategies.
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- Public Offering Impact: Bright Minds Biosciences Inc's announcement of a $100 million public offering led to a 2.3% drop in its pre-market share price to $91.03, reflecting market concerns over the new issuance and potentially impacting the company's short-term financing capabilities.
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- Industry Dynamics: This offering has drawn attention within the biotech sector, particularly as investor acceptance of new issues diminishes in the current market environment, potentially affecting financing plans for other biotech firms.
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- Sales Growth: The company achieved quarterly sales of $343.071 million, exceeding the analyst consensus of $338.758 million, reflecting strong market demand and potential for sustained growth.
- Stock Price Surge: Following the earnings report, Penguin Solutions' shares rose 5.3% to $22.70 in pre-market trading, demonstrating a positive market reaction to its financial performance.
- Increased Market Confidence: The positive results not only bolster investor confidence but may also enhance the company's prospects for better terms in future financing and expansion plans.
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- Strong Performance Recognition: CEO Lester Brafman emphasized that the dividend announcement recognizes the company's recent strong operating performance, indicating robust growth in its capital markets and asset management segments.
- Asset Management Scale: As of September 30, 2025, the company managed approximately $1.4 billion in assets, primarily in fixed income, showcasing its strength in a diversified investment portfolio.
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