Cowen Group,Inc. Announces 2013 Fourth Quarter and Full Year Financial Results
Cowen Group,Inc. (NASDAQ:COWN) ("Cowen" or "the Company") today announced its operating results for the fourth quarter and full year ended December31, 2013.
2013 Fourth Quarter and Full Year Highlights(1)
Economic income was $6.5 million for the full year 2013 versus an economic loss of $17.6 million in 2012. For the fourth quarter 2013, economic income was $2.7 million compared to an economic loss of $8.5 million in the prior year period.
Revenue rose to a new high for the ful...