Welcome to our dedicated page for COWN news (Ticker: COWN), a resource for investors and traders seeking the latest updates and insights on COWN stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect COWN's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of COWN's position in the market.
Cowen Inc. (NASDAQ:COWN) has announced the addition of Shaul Eyal to its equity research team, focusing on cybersecurity and information security stocks. Reporting to Robert Fagin, Cowen’s Head of Research, Eyal brings over 20 years of experience from Oppenheimer & Co. Inc. This strategic hire highlights the growing significance of cybersecurity as a key macro investment theme. Cowen’s research department comprises 55 senior analysts covering over 800 securities across various sectors, enhancing its capability in providing comprehensive market insights.
Cowen Inc. (NASDAQ:COWN) has announced the appointment of Adam Chazan as Managing Director in its Investment Banking division, overseeing the Tools and Diagnostics banking practice. Based in New York, Chazan brings over a decade of experience from Bank of America, enhancing Cowen's influence in health care investment banking. The company's leadership highlighted Chazan's expertise as pivotal in supporting disruptive health care companies and maintaining Cowen's competitive edge in the sector.
Cowen Inc. (NASDAQ:COWN) announced the addition of Adam Strout as a Director in its Outsourced Trading division, effective February 17, 2021. Strout brings extensive trading experience from prestigious firms, including his previous role as Head of Equity Trading at Diametric Capital. Based in Boston, he aims to enhance the firm’s presence and client relationships in the area. Cowen emphasizes its commitment to serving investment managers in Massachusetts, leveraging Strout's industry connections and expertise to expand opportunities for its trading solutions.
Cowen reported impressive financial results for the fourth quarter and full year ended December 31, 2020. The company achieved a record US GAAP net income of $90.5 million ($2.98 per diluted share) for 4Q20, representing a significant 2,486% increase year-over-year. Full-year net income reached $209.6 million, up from $17.8 million in 2019. Economic Operating Income for 4Q20 was a record $138.7 million ($4.58 per diluted share), marking a 751% increase. The investment banking and brokerage segments delivered record revenues, bolstered by heightened market activity.
Cowen Inc. (NASDAQ:COWN) has announced the return of Frank Dunlevy as Vice Chair of Investment Banking at Cowen and Company. Based in New York and Washington D.C., Dunlevy will leverage his extensive 50-year investment banking experience to enhance client value. Having previously held senior roles at Cowen, he will help expand the firm's advisory and capital markets capabilities. His prior service includes a position at the State Department and leadership at The Overseas Private Investment Corporation. Cowen focuses on providing diversified financial services through its broker dealer and investment management segments.
Cowen Inc. (NASDAQ:COWN) has announced a quarterly cash dividend of $14.06 per share for its 5.625% Series A Cumulative Perpetual Convertible Preferred Stock. This dividend is set to be paid on February 16, 2021, to shareholders on record as of February 1, 2021. Cowen provides diverse financial services, including investment banking, equity and credit research, and alternative investment products, focused on delivering client value.
Cowen Inc. (NASDAQ:COWN) announced the appointment of Jay Coleman as Managing Director and Head of Equity Capital Markets Execution. Coleman, based in New York, brings over 20 years of capital markets experience, having lead-managed over $145 billion in corporate financings across various sectors. His previous roles include significant positions at CommonBond, Deutsche Bank, and Barclays Capital. This strategic hire aims to enhance Cowen's capital markets capabilities as the company continues to grow.
Cowen Inc. (NASDAQ:COWN) has announced that Kelly Weigel has joined its Management Committee as Managing Director and Head of Marketing. Her inclusion is aimed at enhancing Cowen's long-term strategy. CEO Jeffrey M. Solomon praised her for building a unified brand message and adapting the company’s communications to a remote environment. Weigel has been with Cowen since 2014, previously leading Corporate Access and Client Services. Cowen operates through a broker-dealer division and an investment management segment, focusing on enabling clients to outperform.
Cowen Inc. (NASDAQ:COWN) announced the unexpected passing of Director Jack H. Nusbaum on January 11, 2021. Nusbaum had been a board member since November 2009 and played a significant role in the company for over 30 years. As a Senior Partner at Willkie Farr & Gallagher LLP, he served as the firm’s Chairman from 1987 to 2009. CEO Jeffrey M. Solomon expressed deep sorrow over Nusbaum's death, highlighting his invaluable guidance and the positive impact he had on the organization. Cowen, founded in 1918, is a diversified financial services firm with a broker dealer and investment management division.
Cowen Inc. (NASDAQ:COWN) will hold a conference call on February 11, 2021, at 9:00 AM ET to discuss its Q4 2020 financial results. Investors can access the live broadcast through Cowen's Investor Relations webpage, with a replay available two hours post-call. Participants can dial 1-855-760-0961 (or 1-631-485-4850 internationally) with the passcode 9894979. The company, founded in 1918 and headquartered in New York, offers diverse financial services including investment banking and research.
