Cohen & Co. reports Q4 adjusted EPS (1.13) vs. $1.23 last year

Reports Q4 revenue $12.45M vs. $27M last year. Lester Brafman, Chief Executive Officer of Cohen & Company, said, "Continued turbulent market conditions impacted our reported financial results in the quarter, particularly from negative mark-to-market adjustments on our principal investing portfolio. Our principal investing segment accounted for substantially all of our consolidated adjusted pre-tax loss for the quarter and for the full year. Despite this challenging market backdrop, our Cohen & Company Capital Markets investment banking team continues to grow market share as an advisor and agent, with multiple recently announced leadership engagements. We remain focused on our strategic objectives, and we are confident that past investments will translate into higher revenues in the future, especially from the Cohen & Company Capital Markets team. As we move forward, we are committed to enhancing stockholder value, and in the fourth quarter we continued to pay our quarterly dividend."