Plunge in Mortgage Rates Spurs Refinancing Surge - Consider PFSI, VEL, GHLD
With refinancing activities surging as homeowners seek interest rate relief, stocks such as PennyMac, Velocity Financial and Guild are poised to gain.
249% Average Growth Is Just One Reason To Watch This Stock. Here's Another.
Boosted by several quarters of explosive growth and solid estimates ahead, PennyMac stock holds strong in buy range.
Three Ways to Play Housing in a Rate-Cut Cycle
Existing home inventory has soared
Here's What Key Metrics Tell Us About PennyMac (PFSI) Q2 Earnings
While the top- and bottom-line numbers for PennyMac (PFSI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
PennyMac Financial (PFSI) Surpasses Q2 Earnings Estimates
PennyMac Financial (PFSI) came out with quarterly earnings of $2.67 per share, beating the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $1.11 per share a year ago.
PennyMac Financial Services, Inc. (PFSI) Q2 2024 Earnings Call Transcript
PennyMac Financial Services, Inc. (NYSE:PFSI ) Q2 2024 Earnings Conference Call July 23, 2024 5:00 PM ET Company Participants David Spector - Chairman & Chief Executive Officer Dan Perotti - Chief Financial Officer Conference Call Participants Terry Ma - Barclays Bose George - KBW Michael Kaye - Wells Fargo Crispin Love - Piper Sandler Doug Harter - UBS Derek Sommers - Jefferies Eric Hagen - BTIG Shanna Qiu - Barclays Operator Good afternoon and welcome to PennyMac Financial Services Incorporated Second Quarter 2024 Earnings Call. Additional earnings materials, including presentation slides that will be referred to in this call are available on the PennyMac Financial website at pfsi.pennymac.com.
