Cohen & Company Q2 revenue rises on investment banking, trading strength

Cohen & Company

03/08/2026 13:11

Overview
US capital markets firm's Q2 revenue rose yr/yr, driven by investment banking and trading gains
Adjusted EPS for Q2 increased to $1.62 from $0.94 a year earlier
Company declared quarterly dividend of $0.25 per share

Outlook
Company did not provide specific guidance for future quarters or the full year in the press release

Result Drivers
INVESTMENT BANKING GAINS - Co said Q2 revenue growth was mainly driven by higher investment banking and new issue revenue, with CCM generating substantially all of this segment's revenue
TRADING DESK PERFORMANCE - Co attributed increased net trading revenue to higher activity in mortgage group, SPAC equity and structured notes trading desks
SPAC MILESTONES - Co said recent milestones in sponsored SPACs, including business combination agreements and IPOs, contributed to investment banking revenue

Company press release: ID:nGNX9cmrz3

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$69.49 mln
 
Q2 Adjusted EPS
 
$1.62
 
Q2 EPS
 
$0.94
 
Q2 Net Income
 
$7.92 mln
 
Q2 Adjusted Pretax Profit
 
$10.12 mln
 
Q2 Operating Income
 
$12.41 mln
 
Q2 Pretax Profit
 
$8.06 mln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the financial & commodity market operators & service providers peer group is "hold."
Wall Street's median 12-month price target for Cohen & Company Inc is $20.00, about 50.9% above its July 31 closing price of $13.25

Reuters Recommended Reads
July 31 - Oppenheimer Holdings Q2 profit rises on investment banking strength; posts record AUM
July 31 - Franklin Templeton's quarterly profit rises on strong inflows, higher fees
July 31 - Eric Trump-backed defense technology company Space-Eyes to go public in $638 million SPAC deal

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)