Cohen And Co. (COHN) Reports Q3 Loss of $1.06

Cohen And Co. (NYSE: COHN) reported Q3 EPS of ($1.06), versus ($0.57) reported last year. Revenue for the quarter came in at $11.27 million, versus $12.24 million reported last year.

Lester Brafman, Chief Executive Officer of Cohen & Company, said, “Our third quarter performance was impacted by the shock to overnight repo funding rates in September and slower than anticipated growth from new issue revenue opportunities. While we are disappointed with our results from the quarter, we are pleased with the overall growth in our Mortgage business, as our TBA and Gestational Repo businesses have reached all-time highs in terms of volume and revenues. We continue to believe that the initiatives underway will generate long-term value for our shareholders, and we are focused on improving these results going forward.”

For earnings history and earnings-related data on Cohen And Co. (COHN) click here.

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