Cowen's Earnings Rise

Cowen shares debuted on the Nasdaq Stock Market in early July, in a disappointing initial public offering. Shares priced at $16 apiece, below the anticipated price range of $19 to $21 a share. Since the offering shares have fallen as low as $13.30, and have failed to lift above the offer price.

Shares were up 28 cents, or 1.19%, to $14.69 in early trading Tuesday.

Meanwhile, shares of boutique investment bank Evercore(EVR Quote - Cramer on EVR - Stock Picks) continue to rise. The firm started by Roger Altman, a former U.S. deputy treasury secretary, first issued shares last week at $21. In early trading Tuesday, shares were up more than 27% from the issue price to a recent quote of $26.70.

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