Cohen & Company surged 16.02% in premarket trading following the release of robust third-quarter 2025 financial results. The stock’s rally was driven by strong performance in its investment banking division, Cohen & Company Capital Markets (CCM), which generated $68.6 million in net revenue amid a $228.0 million advisory revenue pipeline. Trading revenue increased 26% quarter-over-quarter, bolstered by a declining interest rate environment. CEO Lester Brafman highlighted a $50 million Q4 revenue target and over $220 million in full-year 2025 revenue guidance, signaling confidence in the firm’s growth trajectory. The company also declared a $0.25-per-share dividend, reinforcing its commitment to shareholder returns. These results, coupled with optimism around SPAC and digital asset transaction pipelines, fueled investor enthusiasm.
Comments
No comments yet