Cohen & Company shares surge 11.51% after-hours on strong Q3 earnings and $50M Q4 revenue guidance.

Cohen & Company surged 11.51% in after-hours trading following the release of its third-quarter 2025 financial results. The stock’s rally was driven by strong performance in its investment banking division (Cohen & Company Capital Markets), which generated $68.6 million in net revenue, and a 26% quarter-over-quarter increase in trading revenue. CEO Lester Brafman highlighted a robust pipeline of transactions, favorable interest rate conditions, and guidance projecting over $220 million in full-year revenue. The company also declared a $0.25-per-share dividend, signaling confidence in its earnings potential. These results, coupled with optimism around future SPAC and digital asset transactions, fueled investor enthusiasm.