Varun Krishna, Rocket Companies CEO, joins CNBC's 'Squawk on the Street' to discuss the company's acquisition of home loan servicer Mr. Cooper, how Rocket Companies is working to integrate home buying services, and more.
Rocket Companies Inc (NYSE:RKT), the largest mortgage lender in the United States, will acquire Mr. Coooper Group (NASDAQ:COOP), the nation's leading mortgage servicer, in an all-stock deal valued at $9.4 billion.
Rocket Companies (RKT) expands its reach in the real estate market. Jenny Horne talks about the company's acquisition of Mr.
Rocket Companies is expecting a stronger operating environment in 2025 with the potential relief in mortgage rates creating a tailwind. Rocket Companies is ready to capitalize on the tailwind as shown by the company's excellent growth momentum and execution ability. Considering the growth, Rocket Companies' valuation is attractive.
Rocket Companies, Inc. (NYSE:RKT ) Q4 2024 Earnings Conference Call February 27, 2025 4:30 PM ET Company Participants Sharon Ng - Head of Investor Relations Varun Krishna - Chief Executive Officer Brian Brown - Chief Financial Officer Conference Call Participants Jeff Adelson - Morgan Stanley Ryan McKeveny - Zelman Ryan Nash - Goldman Sachs Mark DeVries - Deutsche Bank Derek Sommers - Jefferies Doug Harter - UBS Operator Hello, and welcome to the Rocket Companies Inc. Fourth Quarter and Full-Year 2024 earnings call. All lines have been placed on mute to prevent any background noise.
While the top- and bottom-line numbers for Rocket Companies (RKT) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Rocket Companies (RKT) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to break-even earnings per share a year ago.
There have been recent developments in the real estate sector guiding investors to become fearful of investing in stocks related to the space. However, not all stocks may be exposed to this level of downside risk in the housing market, as some do carry better risk-to-reward setups behind them, and where today's opportunity for value and momentum investors comes from.
The Consumer Financial Protection Bureau sued Rocket Homes, a division of Rocket Companies, Inc. RKT, on Monday in what it said is an action stop the company from providing incentives to real estate brokers and agents to steer homebuyers to Rocket Mortgage, LLC for loans. The CFPB alleged that Rocket Homes pressured real estate brokers and agents not to share information with clients concerning products which were not offered by Rocket Mortgage, including the availability of down payment assistance programs.
Bill Emerson, Rocket Companies president, joins 'Squawk Box' to discuss the company's lawsuit against the Department of Housing and Urban Department, why the company filed a motion to be dismissed from a DOJ racial discrimination lawsuit, state of the mortgage market, and more.
Rocket Companies, Inc. RKT reported worse-than-expected third-quarter revenue results, after the closing bell on Tuesday.
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.