Cowen Inc (COWN) Reports Q3 EPS of $1.25
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Cowen Announces Financial Results for Third Quarter 2020
October 27, 2020 7:02 AM EDTReports 3Q20 US GAAP Net Income of $18.6 million or $0.62 per share
Economic Operating Income of $37.4 million, or $1.25 per share, second highest on recordSecond-strongest quarter for Investment Banking and Brokerage, Record M&A revenuesSolid results despite impact of mark-to-market on unrealized Nikola investment, which reduced Economic Operating Income by $48.3 million, or $1.62 per shareBook Value increased to $30.48 per share and Tangible Book Value increased to $24.32 per shareDoubled quarterly cash dividend, to $0.08 per common share
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