Cohen & Co. reports Q2 adjusted EPS (30c) vs. ($1.51) last year

Reports Q2 revenue $22.6M vs. $9.2M last year. Lester Brafman, Chief Executive Officer of Cohen & Company, said, “Our principal investing segment recovered, while net trading and new issue and advisory revenue remained relatively stagnant during the second quarter. Our team of bankers and originators continue to build our pipeline, which we expect will drive higher revenue in the near term. As we continue to make progress on our pipeline, we are pleased to have already closed approximately $5 million of new issue and advisory revenue to-date in the third quarter. As always, we remain focused on enhancing stockholder value, and are optimistic about the future as evidenced by our continued payment of our quarterly dividend.”