Rocket Companies Inc Stock News

Rocket Companies (RKT) shares tumbled 10% Wednesday, a day after the online financial platform badly missed revenue estimates and gave soft guidance as the housing market continued to be squeezed by high borrowing costs.

Rocket Companies, Inc. (NYSE:RKT ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Sharon Ng - Head, IR Varun Krishna - CEO Brian Brown - CFO Conference Call Participants Jeff Adelson - Morgan Stanley Ryan Nash - Goldman Sachs Mark DeVries - Deutsche Bank Derek Sommers - Jefferies Doug Harter - UBS Operator Thank you for standing by, and welcome to the Rocket ...

Generated Q3'24 total revenue of $647 million and adjusted revenue of $1.323 billion. Adjusted revenue exceeded the high end of our guidance range Reported Q3'24 GAAP net loss of $481 million, or $0.19 GAAP diluted loss per share and adjusted net income of $166 million, or $0.08 adjusted diluted earnings per share Delivered Q3'24 adjusted EBITDA of $286 million, the highest in two years DETROIT...

DETROIT , Oct. 29, 2024 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, today announced that the Company will issue its third quarter 2024 earnings on November 12, 2024. Leadership will host a conference call to discuss results at 4:30 p.m.

ANN ARBOR, Mich.--(BUSINESS WIRE)-- #ACSI--Customer satisfaction among life insurers decline, while health and P&C remain stable. Mortgage lenders debut at 75, according to the ACSI.

Okai brings years of tech leadership to Rocket as the company continues its strategy of AI-fueled homeownership DETROIT , Oct. 7, 2024 /PRNewswire/ -- Rocket Companies (NYSE: RKT), the Detroit-based fintech platform company including mortgage, real estate and other financial service businesses, today named Venmo Chief Technology Officer and former PayPal technology executive Papanii Okai the Ex...

Detroit-based Rocket Mortgage will manage a portion of Annaly's serviced clients DETROIT , Oct. 1, 2024 /PRNewswire/ -- Rocket Mortgage, the nation's largest mortgage lender and a part of Rocket Companies (NYSE: RKT), and Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly"), the world's largest residential mortgage real estate investment trust, today announced the companies have entered into ...

Federal funds rate cuts create a favorable market environment for mortgage lenders and refinancers. Rocket Companies could capitalize on this demand as the company has a history of strong execution even in bad economic conditions. The company's valuation is attractive as further valuation expansion potential exists in the coming quarters.