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Cohen & Co. Swings To Net Profit In Q1; Revenues Soar

RTTNews | hace 197

Cohen & Co. Swings To Net Profit In Q1; Revenues Soar

(RTTNews) - Financial services company Cohen & Co. Inc. (COHN) reported Monday net income attributable to Company for the first quarter of $2.02 million or $1.28 per share, compared to a net loss of $2.64 million or $1.77 per share in the prior-year quarter.

Adjusted pre-tax income for the quarter was $7.7 million or $1.37 per share, compared to adjusted pre-tax loss of $9.6 million or $1.74 per share in the year-ago quarter.

Total revenues for the quarter surged to $18.56 million from $8.82 million in the same quarter last year.

The Company's Board of Directors has also declared a quarterly dividend of $0.25 per share, payable on June 5, 2024, to stockholders of record as of May 20, 2024.

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U.S. Housing Starts Tumble 3.1% In October, More Than Expected

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New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday. The report said housing starts dove by 3.1 percent to an annual rate of 1.311 million in October after slumping by 1.9 percent to a revised rate of 1.353 million in September.

RTTNews | hace 5h 9min

U.S. Housing Starts Tumble More Than Expected In October

U.S. Housing Starts Tumble More Than Expected In October

New residential construction in the U.S. tumbled by more than expected in the month of October, according to a report released by the Commerce Department on Tuesday.

RTTNews | hace 6h 7min

Eurozone Inflation Rises To 2% As Estimated

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RTTNews | hace 6h 27min

Bay Street Seen Opening Lower On Geopolitical Concerns; Canadian Inflation Data In Focus

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Canadian shares look headed for a weak start on Tuesday amid rising geopolitical concerns after Russian President Vladimir Putin updated nuclear doctrine.

RTTNews | hace 6h 51min

Euro Slides Against Majors

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RTTNews | hace 6h 57min

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RTTNews | hace 7h 1min

European Stocks Tumble As Russia-Ukraine War Hurts Sentiment

European Stocks Tumble As Russia-Ukraine War Hurts Sentiment

European stocks are reeling under a bout of selling pressure on Tuesday following an escalation in the Russia - Ukraine war, and amid uncertainty about U.S. interest-rate trajectory and the outlook for global economic growth.

RTTNews | hace 7h 10min

Ukraine Conflict Drags Down CAC 40

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RTTNews | hace 7h 53min

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