Shares of Rocket Companies (RKT 11.90%) are soaring on Wednesday. The mortgage company's stock gained 11.3% as of 11:50 a.m.
Less than a month after the mortgage giant Rocket Companies moved to absorb the real estate platform Redfin, the company has already struck another major deal: This morning, Rocket Companies (NYSE: RKT) announced it has reached an agreement to acquire its home loan competitor, Mr. Cooper Group Inc. (NASDAQ: COOP), in an all-stock transaction valued at $9.4 billion.
Uncertainty has made markets choppy, but as Q2 sets to begin, we look at ways to navigate tariffs and investing during this unsettling time. Next, 2025 has been a lackluster year for the tech trade, but could this also be an opportunity for investors?
Shares of the mortgage giant Rocket Companies (RKT -9.40%) were trading about 8% lower at 11:48 a.m. ET today, after the company announced plans to acquire the large mortgage servicing company Mr.
Rocket Cos. said Monday it would buy home loan service provider Mr.
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.