Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Cowen Group Slips To Loss In Q4

RELATED NEWS
Trade COWN now with 

Cowen Group Inc. (COWN: Quote) reported that its fourth-quarter net loss attributable to stockholders was $79.90 million or $0.21 per share, compared to net income of $4.11 million in the same quarter last year.

Economic Loss excluding certain non-cash items was $25.53 million, compared to Economic Income of $12.45 million last year.

Revenues for the quarter declined to $49.53 million from $69.73 million in the prior year quarter. Total Economic Income revenue for the fourth quarter 2011 was $70.2 million, a 31% decrease compared to $101.0 million in the fourth quarter 2010. The decline in Economic Income revenue was primarily the result of a decrease in investment banking fees and brokerage revenues, partially offset by an increase in management fees.

Click here to receive FREE breaking news email alerts for Cowen Group Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the recovery from the sell-off seen in recent weeks. The Nasdaq and the S&P 500 closed higher for the fourth consecutive session but remain well off their mid-September highs. Despite indications that the spread of Ebola inside the U.S. has been contained, the results of a new Gallup poll show the deadly disease had made its debut on a list of the top 10 most important problems facing the country. In another hotly contested Senate race, the results of a new Suffolk University/Boston Herald poll show incumbent Sen. Jeanne Shaheen, D-N.H., clinging to a narrow lead over Republican challenger Scott Brown.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.