에 대한 최신 뉴스 Rocket Companies (NYSE:RKT) 주식

Rocket Companies

Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.

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최근 시장 데이터에 따르면, 강력한 시장 성과로 주목받는 올해, 유명 펀드 매니저인 게리 블랙, 로스 거버 그리고 캐시 우드가 이끄는 펀드의 실적은  S&amp;P 500의 인상적인 연초 대비 수익률 25.97%와 비교해 엇갈린 결과를 보이고 있다.무슨 일이 일어났을까? 게리 블랙의 Future Fund Active ETF(NYSE:FFND)는 그중 가장 높은 성과를 기록하며 연초 대비 25.35%의 수익률을 올렸다. 623만 달러 규모의 FFND 펀드는 엔비디아(NASDAQ:NVDA)를 포트폴리오의 9.39%를 차지하는 가장 큰 비중으로 보유하고 있으며, 광범위한 시장의 상승률에 거의 일치하는 성과를 보였다.

로스 거버, 캐시 우드 아니면 게리 블랙? 누구의 펀드가 2024년 S&amp;P 500 수익률과 견줄만 할까?

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금융 서비스 기업 로켓 컴퍼니(NYSE:RKT)는 목요일 시장이 마감된 후 2분기 실적을 발표했다. 중요한 하이라이트는 다음과 같다.

금융 서비스 기업 로켓 컴퍼니: 2분기매출 및 EPS 예상 상회, 9월에 투자자의 날 예정

Rocket Companies, Inc. Class A Common Stock

Rocket Companies Inc

Reflectkote Inc

B of A Securities analyst Mihir Bhatia upgrades Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) from Underperform to Neutral and maintains the price target from $15 to $15.

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Analyst Ratings

B of A Securities Upgrades Rocket Companies to Neutral, Maintains Price Target to $15

13 analysts have expressed a variety of opinions on Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">5</td>
<td align="right">5</td>
<td align="right">3</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">1</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.46, a high estimate of $20.00, and a low estimate of $11.50. This upward trend is apparent, with the current average reflecting a 6.33% increase from the previous average price target of $14.54.
<img src="https://www.benzinga.com/files/images/story/2024/1731618081_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Rocket Companies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mihir Bhatia</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$15.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Lowers</td>
<td>Sell</td>
<td>$12.50</td>
<td>$14.00</td>
</tr>
<tr>
<td>Brad Capuzzi</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$16.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Bose George</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Lowers</td>
<td>Market Perform</td>
<td>$16.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$13.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$18.00</td>
<td>$20.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$14.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$19.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$14.00</td>
<td>$11.50</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$20.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$18.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Douglas Harter</td>
<td>UBS</td>
<td>Raises</td>
<td>Sell</td>
<td>$11.50</td>
<td>$10.50</td>
</tr>
<tr>
<td>Mihir Bhatia</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$14.00</td>
<td>$12.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Rocket Companies. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Rocket Companies compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Rocket Companies's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Rocket Companies's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/RKT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Rocket Companies analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind Rocket Companies</h2>
Rocket Companies is a financial services company that was originally founded as Rock Financial in 1985 and is currently based in Detroit. Rocket Companies offers a wide array of services and products but is best known for its Rocket Mortgage business. The company's mortgage lending operations are split between its direct-to-consumer lending, which sees borrowers accessing the company's lending arm directly through either its mobile app or website, and its partner network where mortgage brokers and other firms use Rocket's origination process to offer loans to their customers. The company has rapidly gained market share in recent years and is now the largest mortgage originator in the U.S. as well as the servicer for more than 2 million loans.
<h3>Financial Insights: Rocket Companies</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Rocket Companies displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 5.38%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Financials sector.
Net Margin: Rocket Companies's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 0.1%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Rocket Companies's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.2%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Rocket Companies's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of 0.01%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Rocket Companies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 9.1.
<h2>Analyst Ratings: What Are They?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Rocket Companies Analyst Ratings

B of A Securities analyst Mihir Bhatia maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Underperform and raises the price target from $14 to $15.

B of A Securities Maintains Underperform on Rocket Companies, Raises Price Target to $15

UBS analyst Douglas Harter maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Sell and lowers the price target from $14 to $12.5.

UBS Maintains Sell on Rocket Companies, Lowers Price Target to $12.5

Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) reported worse-than-expected third-quarter revenue results,<a href="https://www.benzinga.com/news/earnings/24/11/41925261/rocket-shares-fall-after-q3-revenue-miss-details"> after the closing bell on Tuesday.</a>
Rocket Companies reported quarterly earnings of eight cents per share, which met the analyst consensus estimate. Quarterly revenue of $647 million missed the analyst consensus estimate of $1.28 billion and is a decrease from sales of $1 billion from the same period last year.
"We delivered strong third-quarter results, expanding purchase and refinance market share, and increasing adjusted revenue by 32% year-over-year. Our adjusted EBITDA was the highest in two years," said Varun Krishna, CEO and director of Rocket Companies. "These achievements highlight the strength and resilience of the Rocket Superstack — our competitive advantage that combines our ecosystem, experience, technology and brand. We've demonstrated that whatever the market brings, we will drive a bright future in helping more Americans achieve the dream of homeownership."
Rocket Companies shares fell 9.1% to close at $14.13 on Wednesday.
These analysts made changes to their price targets on Rocket Companies following earnings announcement.
<ul>
<li>Keefe, Bruyette &amp; Woods analyst Bose George maintained Rocket Companies with a Market Perform and lowered the price target from $20 to $16.</li>
<li>Piper Sandler analyst Brad Capuzzi maintained the stock with a Neutral and lowered the price target from $17 to $16.</li>
<li>On Wednesday, Barclays analyst Mark Devries maintained Rocket Companies with an Underweight and cut the price target from $14 to $13.</li>
<li>RBC Capital analyst Daniel Perlin maintained Rocket Companies with a Sector Perform and lowered the price target from $20 to $18 on Wednesday.</li>
</ul>
Considering buying RKT stock? Here&#8217;s what analysts think: 
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Rocket Companies Analysts Cut Their Forecasts After Q3 Results

Keefe, Bruyette &amp; Woods analyst Bose George maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Market Perform and lowers the price target from $20 to $16.

Keefe, Bruyette & Woods Maintains Market Perform on Rocket Companies, Lowers Price Target to $16

Piper Sandler analyst Brad Capuzzi maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Neutral and lowers the price target from $17 to $16.

Piper Sandler Maintains Neutral on Rocket Companies, Lowers Price Target to $16

Barclays analyst Mark Devries maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Underweight and lowers the price target from $14 to $13.

Barclays Maintains Underweight on Rocket Companies, Lowers Price Target to $13

RBC Capital analyst Daniel Perlin maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Sector Perform and lowers the price target from $20 to $18.

RBC Capital Maintains Sector Perform on Rocket Companies, Lowers Price Target to $18

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Wednesday.
Shares of Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) fell sharply in today's pre-market trading after the company failed to file its earnings for the quarter ended <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">September 2024</a>.
The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could lead to the cancellation of its equity shares.
Spirit Airlines shares dipped 62.4% to $1.21 in the pre-market trading session.
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<li>i-80 Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#NYSE">IAUX</a>) fell 21.3% to $0.7150 in pre-market trading after posting third-quarter results.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares dipped 21.4% to $8.90 in pre-market trading after reporting third-quarter results.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) fell 13.8% to $11.28 in pre-market trading following third-quarter results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) shares dipped 12.8% to $14.97 in pre-market trading following weaker-than-expected quarterly results.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) fell 12.7% to $13.56 in pre-market trading after the company reported worse-than-expected third-quarter revenue results.</li>
<li>Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) fell 10.8% to $6.09 in pre-market trading after the company reported worse-than-expected third-quarter financial results.</li>
<li>Golden Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEN#NASDAQ">GDEN</a>) dropped 10.7% to $30.22 in pre-market trading following downbeat sales.</li>
<li>Johnson Outdoors Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) fell 10.5% to $31.11 in pre-market trading.</li>
<li>Paysafe Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NASDAQ">PSFE</a>) fell 8.1% to $23.42 in pre-market trading following quarterly results.</li>
<li>Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) fell 7.1% to $44.90 in pre-market trading following third-quarter results.</li>
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Spirit Airlines, Groupon, ZoomInfo Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

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Rocket Companies shares are trading lower after the company reported worse-than-expected Q3 revenue results.

Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) reported its third-quarter results after Tuesday's closing bell. Here's a look at the key f<a href="https://www.benzinga.com/pressreleases/24/11/n41918912/rocket-companies-announces-third-quarter-2024-results">igures from the quarter. </a>
The Details: Rocket Companies reported quarterly earnings of eight cents per share, which met the analyst consensus estimate. Quarterly revenue of $647 million missed the analyst consensus estimate of $1.28 billion and is a decrease from sales of $1 billion from the same period last year.
<ul>
<li>Rocket Mortgage generated $29.8 billion in net rate lock volume, a 43% increase over the same period of the prior year.</li>
<li>Rocket Mortgage generated $28.5 billion in closed loan origination volume, a 28% increase over the same period of the prior year.</li>
<li>Gain on sale margin was 2.78%, an increase of 2 bps over the same period of the prior year.</li>
<li>Total liquidity was $8.3 billion, as of Sept. 30, 2024, which includes $1.2 billion of cash on the balance sheet, $1.8 billion of corporate cash used to self-fund loan originations, $3.3 billion of undrawn lines of credit, and $2 billion of undrawn MSR lines of credit.</li>
</ul>
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&#8220;We delivered strong third-quarter results, expanding purchase and refinance market share, and increasing adjusted revenue by 32% year-over-year. Our adjusted EBITDA was the highest in two years,&#8221; said Varun Krishna, CEO and director of Rocket Companies.
&#8220;These achievements highlight the strength and resilience of the Rocket Superstack — our competitive advantage that combines our ecosystem, experience, technology and brand. We&#8217;ve demonstrated that whatever the market brings, we will drive a bright future in helping more Americans achieve the dream of homeownership,&#8221; Krishna added.
RKT Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Rocket shares are down 10.49% after-hours at $13.91 at the time of publication Tuesday.
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Photo: Shutterstock

After-Hours Center

Real Estate

Rocket Shares Fall After Q3 Revenue Miss: Details

Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) reported quarterly earnings of $0.08 per share which met the analyst consensus estimate. The company reported quarterly sales of $647.00 million which missed the analyst consensus estimate of $1.28 billion by 49.63 percent. This is a 35.43 percent decrease over sales of $1.00 billion the same period last year.

Earnings Misses

Rocket Companies Q3 2024 GAAP EPS $0.08, Inline, Sales $647.00M Miss $1.28B Estimate

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GRVY

Earnings Scheduled For November 12, 2024

In a year marked by strong market performance, prominent fund managers Gary Black, Ross Gerber, and Cathie Wood are showing mixed results against the benchmark S&amp;P 500&#8217;s impressive 25.97% year-to-date return, <a href="https://www.benzinga.com/24/11/41890755/microstrategy-marathon-digital-holdings-coinbase-cleanspark-and-tesla-5-stocks-on-investors-radars-today-amid-bitcoin-buzz">according to recent market data</a>.
What Happened: Black&#8217;s Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) has emerged as the strongest performer among the group, posting a 25.35% year-to-date return. The $6.23 million fund, which holds NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) as its largest position at 9.39% of the portfolio, has nearly matched the broader market&#8217;s gains.
Gerber&#8217;s AdvisorShares Gerber Kawasaki ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GK#NYSE">GK</a>) has also delivered a strong performance, with a 21.35% year-to-date return. The $22.33 million fund maintains Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) as its largest holding at 7.71% of the portfolio.
Wood&#8217;s flagship ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), despite its significantly larger asset base of $5.78 billion, has lagged behind with a 10.46% year-to-date return. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remains ARKK&#8217;s largest position at 14.06% of the portfolio.
Kevin Paffrath&#8216;s The Meet Kevin Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>), managing $36.99 million in assets, has struggled to keep pace with its peers, returning just 2.59% year-to-date. The fund&#8217;s largest position is Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) at 12.75% of the portfolio.
See Also: <a href="https://www.benzinga.com/24/11/41890755/microstrategy-marathon-digital-holdings-coinbase-cleanspark-and-tesla-5-stocks-on-investors-radars-today-amid-bitcoin-buzz">Microstrategy, Marathon Digital Holdings, Coinbase, Cleanspark, And Tesla: 5 Stocks On Investors&#8217; Radars Today Amid Bitcoin Buzz</a>
Why It Matters: The comparison was notably highlighted by Black on X, coming after a strong week for markets that saw major indices gain between 4.6% and 5.7% following Donald Trump&#8216;s election victory.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">YTD Performance of representative ETFs: &#8211; <a href="https://twitter.com/search?q=%24FFND&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FFND</a> +26.6% &#8211; <a href="https://twitter.com/search?q=%24GK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GK</a> +21.9% &#8211; <a href="https://twitter.com/search?q=%24ARKK&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ARKK</a> +10.5% &#8211; <a href="https://twitter.com/search?q=%24PP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PP</a> +2.8% SPX +25.8% <a href="https://t.co/TLOu3iyLbQ">pic.twitter.com/TLOu3iyLbQ</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1856143445598851128?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41891026/palantir-overtakes-lockheed-martin-in-market-cap-how-does-the-messi-of-ai-stack-up-against-the-traditional-defense-player">Palantir Overtakes Lockheed Martin In Market Cap, How Does The &#8216;Messi Of AI&#8217; Stack Up Against The Traditional Defense Player</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Ross Gerber, Cathie Wood Or Gary Black? Whose Funds Stack Up Against S&P 500's Gains In 2024?

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$35.00</td>
<td>$57.7K</td>
<td>10.9K</td>
<td>16.2K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$320.00</td>
<td>$69.6K</td>
<td>1.2K</td>
<td>9.9K</td>
</tr>
<tr>
<td>ABR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$37.0K</td>
<td>39.7K</td>
<td>2.0K</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$87.50</td>
<td>$47.0K</td>
<td>3.0K</td>
<td>771</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$46.00</td>
<td>$186.0K</td>
<td>2.9K</td>
<td>609</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/13/24</td>
<td>$78.00</td>
<td>$56.4K</td>
<td>695</td>
<td>465</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$77.00</td>
<td>$36.7K</td>
<td>0</td>
<td>462</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.00</td>
<td>$48.0K</td>
<td>20.4K</td>
<td>426</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$17.00</td>
<td>$37.0K</td>
<td>441</td>
<td>211</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$155.00</td>
<td>$68.8K</td>
<td>12</td>
<td>84</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For HOOD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on November 15, 2024. This event was a transfer of 759 contract(s) at a $35.00 strike. This particular call needed to be split into 44 different trades to become filled. The total cost received by the writing party (or parties) was $57.7K, with a price of $76.0 per contract. There were 10923 open contracts at this strike prior to today, and today 16242 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 15, 2024. This event was a transfer of 40 contract(s) at a $320.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $69.6K, with a price of $1740.0 per contract. There were 1284 open contracts at this strike prior to today, and today 9905 contract(s) were bought and sold. 
• Regarding ABR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>), we observe a put option sweep with bullish sentiment. It expires in 67 day(s) on January 17, 2025. Parties traded 1852 contract(s) at a $12.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $37.0K, with a price of $20.0 per contract. There were 39769 open contracts at this strike prior to today, and today 2021 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option sweep with bearish sentiment. It expires in 67 day(s) on January 17, 2025. Parties traded 107 contract(s) at a $87.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $47.0K, with a price of $440.0 per contract. There were 3011 open contracts at this strike prior to today, and today 771 contract(s) were bought and sold. 
• For BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we notice a call option sweep that happens to be bullish, expiring in 130 day(s) on March 21, 2025. This event was a transfer of 600 contract(s) at a $46.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $186.0K, with a price of $310.0 per contract. There were 2961 open contracts at this strike prior to today, and today 609 contract(s) were bought and sold. 
• For PYPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), we notice a call option sweep that happens to be bearish, expiring in 32 day(s) on December 13, 2024. This event was a transfer of 60 contract(s) at a $78.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $56.4K, with a price of $982.0 per contract. There were 695 open contracts at this strike prior to today, and today 465 contract(s) were bought and sold. 
• For UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we notice a put option sweep that happens to be bearish, expiring in 4 day(s) on November 15, 2024. This event was a transfer of 150 contract(s) at a $77.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $36.7K, with a price of $245.0 per contract. There were 0 open contracts at this strike prior to today, and today 462 contract(s) were bought and sold. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option trade that happens to be bullish, expiring in 431 day(s) on January 16, 2026. This event was a transfer of 50 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $960.0 per contract. There were 20467 open contracts at this strike prior to today, and today 426 contract(s) were bought and sold. 
• For RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we notice a call option trade that happens to be bullish, expiring in 130 day(s) on March 21, 2025. This event was a transfer of 200 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $37.0K, with a price of $185.0 per contract. There were 441 open contracts at this strike prior to today, and today 211 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bullish sentiment. It expires in 221 day(s) on June 20, 2025. Parties traded 83 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $68.8K, with a price of $830.0 per contract. There were 12 open contracts at this strike prior to today, and today 84 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

COIN

FUTU

HOOD

PYPL

SOFI

UPST

10 Financials Stocks With Whale Alerts In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Financials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$40.1K</td>
<td>45.0K</td>
<td>4.6K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$72.50</td>
<td>$501.0K</td>
<td>3.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>WU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$12.00</td>
<td>$278.1K</td>
<td>7.3K</td>
<td>2.4K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$16.00</td>
<td>$76.7K</td>
<td>4.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$12.50</td>
<td>$130.0K</td>
<td>2.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$16.50</td>
<td>$79.3K</td>
<td>246</td>
<td>1.0K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$185.00</td>
<td>$32.3K</td>
<td>2.3K</td>
<td>841</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$44.50</td>
<td>$62.0K</td>
<td>107</td>
<td>805</td>
</tr>
<tr>
<td>UPST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$50.00</td>
<td>$57.5K</td>
<td>624</td>
<td>612</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$100.00</td>
<td>$26.2K</td>
<td>1.3K</td>
<td>310</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bearish sentiment. It expires in 11 day(s) on November 15, 2024. Parties traded 451 contract(s) at a $65.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $40.1K, with a price of $89.0 per contract. There were 45098 open contracts at this strike prior to today, and today 4686 contract(s) were bought and sold. 
• For WFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), we notice a call option trade that happens to be bearish, expiring in 137 day(s) on March 21, 2025. This event was a transfer of 3000 contract(s) at a $72.50 strike. The total cost received by the writing party (or parties) was $501.0K, with a price of $167.0 per contract. There were 3283 open contracts at this strike prior to today, and today 3052 contract(s) were bought and sold. 
• For WU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on November 15, 2024. This event was a transfer of 2417 contract(s) at a $12.00 strike. This particular put needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $278.1K, with a price of $115.0 per contract. There were 7339 open contracts at this strike prior to today, and today 2459 contract(s) were bought and sold. 
• For SOFI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>), we notice a call option sweep that happens to be bearish, expiring in 137 day(s) on March 21, 2025. This event was a transfer of 1784 contract(s) at a $16.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $76.7K, with a price of $43.0 per contract. There were 4156 open contracts at this strike prior to today, and today 2025 contract(s) were bought and sold. 
• For PMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PMT#NYSE">PMT</a>), we notice a put option trade that happens to be bullish, expiring in 164 day(s) on April 17, 2025. This event was a transfer of 2000 contract(s) at a $12.50 strike. The total cost received by the writing party (or parties) was $130.0K, with a price of $65.0 per contract. There were 2081 open contracts at this strike prior to today, and today 2003 contract(s) were bought and sold. 
• Regarding RKT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on November 15, 2024. Parties traded 882 contract(s) at a $16.50 strike. This particular call needed to be split into 38 different trades to become filled. The total cost received by the writing party (or parties) was $79.3K, with a price of $90.0 per contract. There were 246 open contracts at this strike prior to today, and today 1021 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on November 8, 2024. This event was a transfer of 44 contract(s) at a $185.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $735.0 per contract. There were 2338 open contracts at this strike prior to today, and today 841 contract(s) were bought and sold. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a put option trade with bullish sentiment. It expires in 4 day(s) on November 8, 2024. Parties traded 200 contract(s) at a $44.50 strike. The total cost received by the writing party (or parties) was $62.0K, with a price of $310.0 per contract. There were 107 open contracts at this strike prior to today, and today 805 contract(s) were bought and sold. 
• Regarding UPST (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on November 8, 2024. Parties traded 92 contract(s) at a $50.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $57.5K, with a price of $625.0 per contract. There were 624 open contracts at this strike prior to today, and today 612 contract(s) were bought and sold. 
• Regarding FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we observe a call option trade with bullish sentiment. It expires in 46 day(s) on December 20, 2024. Parties traded 30 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $875.0 per contract. There were 1337 open contracts at this strike prior to today, and today 310 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

10 Financials Stocks Whale Activity In Today's Session

Rocket Companies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) short percent of float has risen 3.42% since its last report. The company recently reported that it has 18.81 million shares sold short, which is 13.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.88 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Rocket Companies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729882824_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Rocket Companies has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Rocket Companies's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Rocket Companies's peer group average for short interest as a percentage of float is 3.70%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Rocket Companies's Recent Short Interest

The U.S. Department of Justice (DOJ) announced Monday afternoon that it&#8217;s going after a group of companies for alleged racial discrimination in <a href="https://www.benzinga.com/money/when-should-you-refinance-a-mortgage">mortgage refinancing applications</a>.
What To Know: The DOJ filed a lawsuit against Rocket Companies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) Rocket Mortgage; as well as Solidifi US; Maverick Appraisal Group and Maverick CEO Maksym Mykhailyna, alleging that the parties discriminated against a Black homeowner by &#8220;undervaluing her home based on her race&#8221; in an appraisal that takes place when a homeowner files to refinance their mortgage.
The DOJ also alleged Rocket Mortgage further interfered with the homeowner&#8217;s rights by canceling her mortgage refinance application after she reported the discrimination.
Benzinga reached out to Rocket Companies, Solidifi US and Mykhailyna&#8217;s company Maverick Appraisal Group for comment on the allegations. 
Rocket Mortgage issued the following statement to Benzinga in response to the DOJ&#8217;s lawsuit:
"Under federal law, mortgage lenders are required to work at arm's length during the appraisal process, partnering with independent appraisal management companies who assign the work to state-licensed professional appraisers. The law&#8217;s intent is to determine the home&#8217;s value without any input or bias from the lender or any other party with interest in the transaction,&#8221; the company said.
&#8220;It is clear the government isn't interested in their own rules, or facts, and are simply including us in this case to score headlines based on our strong brand and prominent position in the industry. We look forward to exposing the government's massive overreach in this matter.&#8221;
According to the DOJ, the homeowner applied for a mortgage refinancing loan from Rocket Mortgage in early 2021. Rocket Mortgage contracted Solidifi to appraise the home and Solidifi retained Mykhailyna and his company for the appraisal. 
The home was located in a predominantly white neighborhood in Denver, but the complaint alleged Mykhailyna used sales data from neighborhoods that were further away and had larger Black populations. Mykhailyna also allegedly used homes in the same neighborhood to support an appraisal for a white homeowner in the same neighborhood a few months earlier.
&#8220;The complaint alleges that these and other errors demonstrate Mykhailyna undervalued the property because of race and color,&#8221; the press release states.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41436349/tesla-q3-earnings-preview-analyst-says-1-8-million-unit-estimate-hittable-for-2024-">Tesla Q3 Earnings Preview: Analyst Says 1.8 Million Unit Estimate &#8216;Hittable&#8217; For 2024, &#8216;2 Million+ Number The Focus For 2025&#8217;</a>
Mykhailyna sent his appraisal to Solidifi, which reviewed the appraisal and forwarded it to Rocket Mortgage. When Rocket Mortgage presented it to the homeowner, she contacted the company and explained why she believed there was racial discrimination involved. The DOJ claimed Rocket Mortgage canceled her refinance application in response.
The homeowner then filed a complaint with the Department of Housing and Urban Development (HUD), which conducted an investigation before referring the matter to the DOJ.
"HUD applauds today's action and remains committed to working with DOJ to ensure appraisal companies and mortgage providers are held accountable when they violate our nation's fair housing laws,&#8221; said&nbsp;principal deputy assistant secretary Diane Shelley of HUD's Office of Fair Housing and Equal Opportunity.
"It has been over&nbsp;56 years since the passage of the Fair Housing Act, and it is unconscionable that Black and Brown families still face discrimination during housing transactions.&#8221; 
Rocket Companies shares closed Monday down 9.33% at $16.33, according to pricing data from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Legal

General

DOJ Sues Rocket Mortgage, Appraisal Companies For Alleged Racial Discrimination — Rocket Responds: 'Massive Overreach'

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AKYA

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Fintech

Press Releases

Rocket Companies Announces Second Quarter 2024 Results

Entertainment

Rocket Mortgage Announces "The Rocket Comedy Tour" in Partnership with Comedian Mike Young

Rocket Mortgage's "Welcome Home RateBreak" Unlocks the Door to Lower Mortgage Payments and Thousands in Savings for Homebuyers

Rocket Companies to Host Investor Day on Tuesday, September 10, 2024

Mortgage Technology Veteran Dan Sogorka to Lead Rocket's Broker Business Into AI-Driven Revolution

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