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Cowen Announces Record Financial Results for Full Year 2020

Written by Customer Service on . Posted in Dividend Reports And Estimates.

Reports Record 4Q20 US GAAP Net Income of $90.5 million, or $2.98 per diluted share
Economic Operating Income in 4Q20 of $138.7 million, or $4.58 per diluted share (Non-GAAP)Record FY20 US GAAP Net Income attributable to Cowen Inc. stockholders of $209.6 million and record FY20 Economic Operating income of $335.9 million (Non-GAAP)Record quarter and year for Investment Banking and BrokerageMaintained quarterly cash dividend of $0.08 per common shareNEW YORK, Feb. 11, 2021 (GLOBE NEWSWIRE) — Cowen Inc. (NASDAQ: COWN) (“Cowen” or “the Company”) today announced its operating results for the fourth quarter and full year ended December 31, 2020.Jeffrey M. Solomon, Chair and Chief Executive Officer of Cowen, said, “I am proud of the dedication and hard work the Cowen team exhibited to achieve the strongest results in the firm’s history. Because 2020 was a year of tremendous challenge, uncertainty and hardship for many, I am equally proud of our efforts to help our clients, our communities, and each other. We are grateful every day to be in a position to help our clients help others by solving their problems and enabling them to realize their visions. We are thankful that they put their trust in us. As we look ahead to 2021, we strive to live by our core values of vision, empathy, sustainability and tenacious teamwork.”
Fourth Quarter 2020 Financial Summary
Fourth Quarter and Full Year 2020 Operating Financial Highlights

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