Cowen Group (COWN) Misses Q2 EPS by 1c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/31/2026
Go back to Cowen Group (COWN) Misses Q2 EPS by 1c
July 30, 2015 8:00 AM EDT
NEW YORK--(BUSINESS WIRE)--
Cowen Group, Inc. (NASDAQ: COWN) (Cowen or the Company) today
announced its operating results for the second quarter ended June 30,
2015.
2015 Second Quarter Highlights(1)
Economic income was $10.2 million or $0.09 per diluted share, compared
to $8.5 million or $0.07 per diluted share in the second quarter 2014.
GAAP net income attributable to common shareholders was $6.0 million
or $0.05 per diluted common share compared to $8.4 million or $0.07
per diluted common share in the prior year period. The second quarter
2015 figure includes a $3.3 million increase in income tax expense and
$0.8...
More
July 30, 2015 7:55 AM EDT
Expanded Market Opportunity with Emerging and Established Hedge
Fund Managers
NEW YORK--(BUSINESS WIRE)--
Cowen Group, Inc. (NASDAQ: COWN) (Cowen or the Company) and Conifer
Securities, LLC (Conifer Securities) today announced the signing of a
definitive agreement under which Cowen will acquire Conifer Securities,
the prime services division of Conifer Financial Services LLC. The
transaction, the terms of which have not yet been disclosed, was
approved by the boards of directors of both companies. Cowen Group
expects the acquisition to be accretive to earnings in 2015.
Jeffrey M. Solomon, President of Cowen Group... More
