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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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

Rocket Internet Growth Opportunities Corp Warrants (01/01/9999)

Rocket Internet Growth Opportunities Corp

Reflectkote Inc

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. 
Here's the list of options activity happening in today's session: 
<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>TIGR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$17.00</td>
<td>$27.5K</td>
<td>0</td>
<td>7.5K</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$150.00</td>
<td>$156.0K</td>
<td>1.3K</td>
<td>5.2K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$22.00</td>
<td>$26.0K</td>
<td>1.9K</td>
<td>1.7K</td>
</tr>
<tr>
<td>BX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$140.00</td>
<td>$270.0K</td>
<td>1.2K</td>
<td>1.5K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$40.00</td>
<td>$47.2K</td>
<td>5.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>HIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$120.00</td>
<td>$28.7K</td>
<td>1.0K</td>
<td>391</td>
</tr>
<tr>
<td>MMC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$195.00</td>
<td>$242.1K</td>
<td>87</td>
<td>130</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$15.00</td>
<td>$36.4K</td>
<td>251</td>
<td>50</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$7.00</td>
<td>$26.5K</td>
<td>4.2K</td>
<td>49</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$482.50</td>
<td>$26.6K</td>
<td>10</td>
<td>22</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding TIGR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>), we observe a call option sweep with bullish sentiment. It expires in 15 day(s) on October 18, 2024. Parties traded 1100 contract(s) at a $17.00 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 $27.5K, with a price of $25.0 per contract. There were 0 open contracts at this strike prior to today, and today 7509 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 sweep with bullish sentiment. It expires in 15 day(s) on October 18, 2024. Parties traded 306 contract(s) at a $150.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $156.0K, with a price of $510.0 per contract. There were 1339 open contracts at this strike prior to today, and today 5207 contract(s) were bought and sold. 
• 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 bullish, expiring in 1 day(s) on October 4, 2024. This event was a transfer of 466 contract(s) at a $22.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $56.0 per contract. There were 1942 open contracts at this strike prior to today, and today 1708 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a put option trade that happens to be bullish, expiring in 43 day(s) on November 15, 2024. This event was a transfer of 900 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $270.0K, with a price of $300.0 per contract. There were 1222 open contracts at this strike prior to today, and today 1500 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 put option trade that happens to be bullish, expiring in 43 day(s) on November 15, 2024. This event was a transfer of 236 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $47.2K, with a price of $200.0 per contract. There were 5276 open contracts at this strike prior to today, and today 1123 contract(s) were bought and sold. 
• For HIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>), we notice a call option sweep that happens to be neutral, expiring in 15 day(s) on October 18, 2024. This event was a transfer of 379 contract(s) at a $120.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $77.0 per contract. There were 1094 open contracts at this strike prior to today, and today 391 contract(s) were bought and sold. 
• For MMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>), we notice a call option trade that happens to be bullish, expiring in 15 day(s) on October 18, 2024. This event was a transfer of 90 contract(s) at a $195.00 strike. The total cost received by the writing party (or parties) was $242.1K, with a price of $2690.0 per contract. There were 87 open contracts at this strike prior to today, and today 130 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 834 day(s) on January 15, 2027. Parties traded 50 contract(s) at a $15.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $730.0 per contract. There were 251 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we observe a call option sweep with bullish sentiment. It expires in 470 day(s) on January 16, 2026. Parties traded 39 contract(s) at a $7.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $680.0 per contract. There were 4232 open contracts at this strike prior to today, and today 49 contract(s) were bought and sold. 
• Regarding MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we observe a call option trade with neutral sentiment. It expires in 1 day(s) on October 4, 2024. Parties traded 22 contract(s) at a $482.50 strike. The total cost received by the writing party (or parties) was $26.6K, with a price of $1213.0 per contract. There were 10 open contracts at this strike prior to today, and today 22 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

FUTU

HOOD

TIGR

10 Financials Stocks Whale Activity In Today's Session

Looking into the current session, Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) shares are trading at $18.70, after a 0.80% decrease. Over the past month, the stock decreased by 8.06%, but over the past year, it actually increased by 129.03%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1727969484_0.png" alt="Past Year Chart" />

<h3>Rocket Companies P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Rocket Companies has a better P/E ratio of 209.44 than the aggregate P/E ratio of 29.33 of the Financial Services industry. Ideally, one might believe that Rocket Companies Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727969484_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

Price Over Earnings Overview: Rocket Companies

Contracts

Rocket Mortgage and Annaly Capital Management Enter Strategic Subservicing Relationship; Rocket To Manage Portion Of Annaly's Clients

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. 
Here's the list of options activity happening in today's session: 
<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>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.00</td>
<td>$86.1K</td>
<td>35.6K</td>
<td>2.9K</td>
</tr>
<tr>
<td>SCHW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$69.00</td>
<td>$75.7K</td>
<td>19</td>
<td>1.0K</td>
</tr>
<tr>
<td>COF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$140.00</td>
<td>$156.0K</td>
<td>540</td>
<td>408</td>
</tr>
<tr>
<td>MA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$500.00</td>
<td>$49.5K</td>
<td>355</td>
<td>345</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$170.00</td>
<td>$64.0K</td>
<td>384</td>
<td>326</td>
</tr>
<tr>
<td>FUTU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$85.00</td>
<td>$69.1K</td>
<td>1.2K</td>
<td>259</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$37.00</td>
<td>$31.0K</td>
<td>37.2K</td>
<td>200</td>
</tr>
<tr>
<td>EG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$370.00</td>
<td>$35.0K</td>
<td>1</td>
<td>150</td>
</tr>
<tr>
<td>RKT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$19.00</td>
<td>$25.2K</td>
<td>607</td>
<td>144</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$240.00</td>
<td>$25.6K</td>
<td>7.6K</td>
<td>105</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• 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 bullish, expiring in 115 day(s) on January 17, 2025. This event was a transfer of 1000 contract(s) at a $8.00 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 $86.1K, with a price of $86.0 per contract. There were 35685 open contracts at this strike prior to today, and today 2907 contract(s) were bought and sold. 
• Regarding SCHW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), we observe a call option sweep with bearish sentiment. It expires in 24 day(s) on October 18, 2024. Parties traded 1065 contract(s) at a $69.00 strike. This particular call needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $75.7K, with a price of $71.0 per contract. There were 19 open contracts at this strike prior to today, and today 1067 contract(s) were bought and sold. 
• Regarding COF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), we observe a put option trade with bearish sentiment. It expires in 52 day(s) on November 15, 2024. Parties traded 300 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $156.0K, with a price of $520.0 per contract. There were 540 open contracts at this strike prior to today, and today 408 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a put option trade that happens to be bearish, expiring in 52 day(s) on November 15, 2024. This event was a transfer of 23 contract(s) at a $500.00 strike. The total cost received by the writing party (or parties) was $49.5K, with a price of $2155.0 per contract. There were 355 open contracts at this strike prior to today, and today 345 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option sweep that happens to be bullish, expiring in 178 day(s) on March 21, 2025. This event was a transfer of 80 contract(s) at a $170.00 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $64.0K, with a price of $800.0 per contract. There were 384 open contracts at this strike prior to today, and today 326 contract(s) were bought and sold. 
• For FUTU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>), we notice a call option sweep that happens to be bearish, expiring in 115 day(s) on January 17, 2025. This event was a transfer of 144 contract(s) at a $85.00 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 $69.1K, with a price of $480.0 per contract. There were 1219 open contracts at this strike prior to today, and today 259 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 479 day(s) on January 16, 2026. Parties traded 100 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $31.0K, with a price of $310.0 per contract. There were 37245 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
• Regarding EG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>), we observe a put option sweep with bearish sentiment. It expires in 52 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $370.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $700.0 per contract. There were 1 open contracts at this strike prior to today, and today 150 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 put option sweep with bearish sentiment. It expires in 87 day(s) on December 20, 2024. Parties traded 144 contract(s) at a $19.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $175.0 per contract. There were 607 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a call option trade with bullish sentiment. It expires in 479 day(s) on January 16, 2026. Parties traded 5 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $5130.0 per contract. There were 7683 open contracts at this strike prior to today, and today 105 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.

SCHW

SOFI

The average interest rate for a 30-year fixed mortgage dropped to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35920779/us-mortgage-applications-surge-as-rates-dip-is-the-industry-moving-out-of-the-woods">its lowest point</a> in two years as markets anticipate the Federal Reserve lowering its key interest for the first time in four years, perhaps by as much as 50 basis points.
The rate for the most popular home loan fell 14 basis points in the week ended Sept. 13 to 6.15%, marking the lowest rate since September 2022, the Mortgage Bankers Association said on Wednesday.
The rate also fell 14 basis points during the previous week.
&#8220;The 30-year fixed mortgage rate, at 6.15 percent, is now at its lowest since September 2022 and is more than a full percentage point lower than a year ago,&#8221; said Joel Kan, MBA's deputy chief economist.
Read Also: <a href="https://www.benzinga.com/top-stories/24/07/39621351/mortgage-applications-fall-as-rates-climb-back-above-7">Mortgage Applications Fall As Rates Climb Back Above 7%</a>
"Refinance applications were up 24 percent – more than double last year's pace, with both conventional and government activity jumping to the fastest pace of refinancing since 2022."
The refinancing share of mortgage activity increased to 51.2% of total applications from 46.7% the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 5.9% of total applications.
Price Action: Mortgage lenders saw gains and losses during Wednesday&#8217;s trading session.
<ul>
<li>Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) was down 1.35% to $20.39.</li>
<li>Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) dropped 0.13% to $39.50.</li>
<li>LendingTree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) was up 0.27% to $58.53</li>
</ul>
Exchange-traded funds that hold these stocks also rose and fell on Wednesday.
<ul>
<li>The Meet Kevin Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PP#NYSE">PP</a>) was down 0.31%.</li>
<li>Adaptiv Select ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADPV#NYSE">ADPV</a>) rose 0.11%.</li>
<li>Davis Select Financial ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/DFNL#BATS">DFNL</a>) was up 0.22%.</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40485557/30-year-mortgage-rates-hit-15-month-low-but-applications-pull-back-after-recent-spikes-real-esta">30-Year Mortgage Rates Hit 15-Month Low, But Applications Pull Back After Recent Spikes: Real Estate Stocks React Wednesday (CORRECTED)</a></li>
</ul>
Photo: Shutterstock

Econ #s

Real Estate

ADPV

DFNL

TREE

Mortgage Rates Drop To 2-Year Low, Refinancing Hits 'Fastest Pace' Since 2022: Rocket, LendingTree Among Movers

Consumers&#8217; wallets should get some relief if the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40882613/builders-first-source-other-homebuilder-stocks-rise-with-catalysts-such-as-mortgage"> Federal Reserve lowers rates</a> this week, but it won&#8217;t be a huge help, according to Benjamin Ayers, senior economist with Nationwide Insurance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWFAX#NASDAQ">NWFAX</a>).
&#8220;It should put some downward pressure on auto rates, mortgage rates, loan rates, but on the other side of the coin, it should put upward pressure on CD rates and saving rates that you get out there,&#8221; Ayers told Benzinga.
Lowering the Fed interest rate by only 25 or 50 basis points will not mean much for consumers in the short term, he adds.
&#8220;It&#8217;s nice but if you can&#8217;t afford a mortgage at the current level, that&#8217;s not going to change if it goes down by 25 basis points. It&#8217;s more kind of the start of a process,&#8221; he said.
&#8220;Six months, a year, 18 months from now, you&#8217;re going to see much lower rates, and that&#8217;ll really help to juice things, but in the near term, it&#8217;s going to have a pretty negligible impact for most people,&#8221; Ayers says.
A rate cut of 25 or 50 basis points doesn&#8217;t mean rates that affect consumers&#8217; wallets will drop expectedly, said Matt Schulz, LendingTree, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) chief credit analyst.
Read Also: <a href="https://www.benzinga.com/news/24/09/40763384/federal-reserves-potential-rate-cut-pause-jpmorgans-stock-market-warning-and-more-this-week-in-econo">Federal Reserve&#8217;s Potential Rate Cut Pause, JPMorgan&#8217;s Stock Market Warning, And More: This Week In Economics</a>
&#8220;While lower rates are certainly a good thing for those struggling with debt, the truth is that this one rate cut isn't really going to make much of a difference for most people,&#8221; he said.
&#8220;It doesn't change the fact that the best thing people can do to lower interest rates is to take matters into their own hands.&#8221;
He said the average rate on a new credit card offer should stay at a record high of 24.92% for some time if the Fed lowers rates.
&#8220;While they'll almost certainly fall from record highs in coming months, no one should expect dramatically reduced credit card bills anytime soon,&#8221; he said.
&#8220;Barring the Fed unexpectedly stomping on the gas pedal when it comes to lowering rates, credit card APRs are still going to be high for the foreseeable future.&#8221;
A $5,000 credit card balance would take 27 months and $1,528 in interest to pay off at 24.92% if monthly payments of $250 were made. If the interest rate went down by 0.25% because of a 0.25% Fed rate cut, the interest paid over 27 months would fall by $22, resulting in savings of less than a dollar a month, Schulz noted.
Schulz said auto loan rates will get lower, too, if the Fed reduces rates, but consumers should still shop around for financing from other places besides dealerships because their rates are typically much higher.
Saving rates have already started falling and may keep doing so, but consumers don&#8217;t need to panic, he said.
&#8220;Yields aren't going to fall off a cliff immediately after the Fed cuts rates,&#8221; he said.
Price Action: Mortgage lenders and credit card companies trended upward into Monday&#8217;s late-afternoon trading.
<ul>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) rose 1.31% to $39.15</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) gained 3.87% to $20.38</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) went up 1.98% to $133.93</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) went up 1.82% to $141.50</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40879982/with-fed-rate-cuts-imminent-heres-which-crypto-sector-could-benefit-the-most-according-to-">With Fed Rate Cuts Imminent, Here&#8217;s Which Crypto Sector Could Benefit The Most, According To Bernstein</a></li>
</ul>
Image: Shutterstock

Analyst Color

Government

Federal Reserve

NWFAX

If Fed Cuts Interest Rates, Credit Card APRs 'Are Still Going To Be High' For Now, Economist Says

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 raises the price target from $11.5 to $14.

Price Target

Analyst Ratings

UBS Maintains Sell on Rocket Companies, Raises Price Target to $14

Homeowners have more <a href="https://www.benzinga.com/real-estate/24/06/39398524/home-sales-suffer-third-worst-month-in-the-last-10-years">real estate equity </a>than ever before, according to data from the federal government and an investment group.
Total homeowner&#8217;s equity in the U.S. reached $35.1 trillion in this year&#8217;s second quarter, data from the Federal Reserve <a href="https://fred.stlouisfed.org/series/OEHRENWBSHNO">showed</a>.
It fell as low as $29.8 trillion in the last quarter of 2022, but that is way above a most recent low of $8.22 trillion in the first quarter of 2012, according to the Fed data. 
Homeowner&#8217;s equity has skyrocketed 15,845% over the past seven decades from $219 billion in 1951.
Another indicator of homeowner wealth is that households have the least mortgage debt relative to their property value in almost 70 years as homes appreciate in value and homeowners pay down their mortgages, according to data from Bespoke Investment Group.
Read Also: <a href="https://www.benzinga.com/real-estate/24/06/39465243/u-s-home-sales-decline-for-third-month-as-record-prices-pose-persistent-affordability-challenges-dur">U.S. Home Sales Decline For Third Month As Record Prices Pose Persistent Affordability Challenges During Key Selling Season</a>
Household mortgage debt as a percentage of real estate value has halved from 53% in December 2011 to 27.3% in 2021.
&#8220;Consumer balance sheets are rock solid, which is another reason to question the narrative of impending recession,&#8221; Bespoke said.
Mortgage rates fell to <a href="https://www.benzinga.com/markets/24/09/40843840/mortgage-rates-fall-to-lowest-level-since-february-2023">their lowest point</a> in more than 18 months last week. That&#8217;s encouraging homebuyers to refinance the amount they have left to pay on their home loans.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 percent from 6.43 percent, marking the sixth straight week in declining rates, according to the Mortgage Bankers Association (MBA).
Price Action: Mortgage lenders saw losses and gains into Friday&#8217;s early-afternoon trading.
<ul>
<li>Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) rose 6.11% to $19.90</li>
<li>Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) slipped 0.46% to $38.60</li>
<li>Better Home &amp; Finance Holding Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BETR#NASDAQ">BETR</a>) gained 1.04% to $16.50</li>
</ul>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/08/40549967/two-things-the-latest-home-sales-numbers-say-about-the-real-estate-market">Two Things The Latest Home Sales Numbers Say About The Real Estate Market</a></li>
</ul>
Image: Pixabay

BETR

Homeowners Have Never Been Richer, Data Shows: 'Another Reason To Question Recession Narrative'

Rocket Companies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) co-founder and <a href="https://www.benzinga.com/topic/dan-gilbert">Chairman Dan Gilbert gave a keynote speech to the Detroit Economic Club (DEC) on Friday</a> focusing on the city&#8217;s revitalization.
Bill Emerson, the president of Rocket Companies, introduced Gilbert, highlighting the former's philanthropic efforts in Detroit. Emerson stated Gilbert and his wife Jennifer put more than $1 billion into the city over the past three or four years. 
Gilbert discussed how he began in the real estate industry, getting his real estate license when he was 19. Gilbert spoke about Rock Financial, a company he founded in 1985 and would take public in 1998 and then later sell to Intuit Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>). Gilbert then bought back his direct-to-consumer business from Intuit in 2002. Once that happened, the company began capturing significant market share from other major mortgage lenders. 
Gilbert says Rocket Companies stands out from competitors through its unique culture.&nbsp;
"It's really a special culture and I think that's the No. 1 reason," Gilbert said, speaking of Rocket Companies' success compared to its peers in the industry.&nbsp;
Gilbert and Rocket Companies found success bringing mortgage services completely online in the 1990s and early 2000s. Gilbert explained that people may have been hesitant to buy things like couches and cars online without seeing them in person, but mortgages are just numbers, so he figured if anything could have success online, it would be that. Gilbert and DEC Chair Sandy Pierce's conversation took a more solemn tone, talking about Gilbert's late son Nick, who died from neurofibromatosis, commonly referred to as NF, in 2023. Gilbert's foundation is investing in a medical center in Detroit to help others with NF. Read Also: <a href="https://www.benzinga.com/general/health-care/23/09/34282945/dan-gilbert-to-help-fund-400m-state-of-the-art-detroit-medical-facility-we-decided-to-build-s">Dan Gilbert To Help Fund $400M State-Of-The-Art Detroit Medical Facility: &#8216;We Decided To Build Something Better&#8217;</a><a href="https://www.benzinga.com/general/health-care/23/09/34282945/dan-gilbert-to-help-fund-400m-state-of-the-art-detroit-medical-facility-we-decided-to-build-s"> </a>The medical center, a collaboration with the Henry Ford hospital system, will also house a Shirley Ryan AbilityLab, which focuses on neuro rehabilitation for patients who have suffered strokes and accidents. Gilbert, who had a stroke in 2019, traveled to Chicago for rehabilitation. Gilbert On Battling Michigan&#8217;s Talent Drain: Gilbert discussed bringing Rocket Companies&#8217; headquarters from the suburbs to Detroit, explaining that he saw an opportunity to help rebuild Detroit's downtown to better recruit young talent from across the country. Gilbert discussed the tendency of Michigan students to leave the state after college for cities such as Chicago and New York City. "It's all about talent and talent retention," Gilbert said. "We survey our young folks almost every month and ask them what they want and need in their city." Gilbert highlighted one area downtown that Detroit still needs to improve: public transportation. Gilbert highlighted the QLine, a train that serves a 3.5-mile strip in downtown Detroit, but said that more work needs to be done to expand transportation services in the city.  
Dan and Jennifer Gilbert. Benzinga file photo by Dustin Blitchok.

General

INTU

Dan Gilbert Talks Detroit's Revival, Rocket's Success, Personal Tragedy

High-rolling investors have positioned themselves bullish on Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RKT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for Rocket Companies. This is not a typical pattern.
The sentiment among these major traders is split, with 53% bullish and 38% bearish. Among all the options we identified, there was one put, amounting to $31,020, and 12 calls, totaling $847,294.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $19.0 to $30.0 for Rocket Companies over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Rocket Companies's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Rocket Companies's whale activity within a strike price range from $19.0 to $30.0 in the last 30 days. 
<h3>Rocket Companies 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726241758_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$1.45</td>
<td>$1.0</td>
<td>$1.45</td>
<td>$25.00</td>
<td>$324.5K</td>
<td>3.3K</td>
<td>2.2K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$0.95</td>
<td>$0.85</td>
<td>$0.95</td>
<td>$19.50</td>
<td>$83.6K</td>
<td>958</td>
<td>1.6K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$0.65</td>
<td>$0.55</td>
<td>$0.6</td>
<td>$20.00</td>
<td>$65.8K</td>
<td>3.1K</td>
<td>3.7K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.4</td>
<td>$0.3</td>
<td>$0.35</td>
<td>$30.00</td>
<td>$60.0K</td>
<td>4.2K</td>
<td>837</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.95</td>
<td>$0.75</td>
<td>$0.95</td>
<td>$24.00</td>
<td>$56.4K</td>
<td>124</td>
<td>594</td>
</tr>
</tbody>
</table>

<h3>About Rocket Companies</h3>
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.
Following our analysis of the options activities associated with Rocket Companies, we pivot to a closer look at the company's own performance.
<h3>Current Position of Rocket Companies</h3>
<ul>
<li>With a volume of 2,559,964, the price of RKT is up 6.83% at $20.03. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 48 days.</li>
</ul>
<h3>What The Experts Say On Rocket Companies</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $15.875.
<ul>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Underperform rating for Rocket Companies, targeting a price of $14. </li>
<li>An analyst from RBC Capital persists with their Sector Perform rating on Rocket Companies, maintaining a target price of $20. </li>
<li>Maintaining their stance, an analyst from UBS continues to hold a Sell rating for Rocket Companies, targeting a price of $11. </li>
<li>Maintaining their stance, an analyst from Wedbush continues to hold a Neutral rating for Rocket Companies, targeting a price of $18. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Rocket Companies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Rocket Companies Unusual Options Activity

Mortgage rates declined to <a href="https://www.benzinga.com/real-estate/24/08/40666981/the-time-has-come-to-adjust-cheaper-mortgage-rates-could-be-just-weeks-away-but-it-all-hinges-on-thi">their lowest point </a>in more than 18 months last week, encouraging homebuyers to refinance the amount they have left on their home loans.
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.29 percent from 6.43 percent, marking the sixth straight week in declining rates, according to the Mortgage Bankers Association (MBA).
The average interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $766,550) decreased to 6.56% from 6.73%.
Read Also: <a href="https://www.benzinga.com/top-stories/24/07/39621351/mortgage-applications-fall-as-rates-climb-back-above-7">Mortgage Applications Fall As Rates Climb Back Above 7%</a>
The average rate for 15-year fixed-rate mortgages decreased to 5.71% from 5.98%.
The refinance share of mortgage activity increased to 46.7 percent of total applications from 46.4 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 5.4 percent of total applications.
&#8220;Mortgage rates declined for the sixth consecutive week, with the 30-year fixed rate decreasing to 6.29 percent, the lowest rate since February 2023,&#8221; said Joel Kan, MBA's vice president and deputy chief economist. 
"With rates almost a full percentage point lower than a year ago, refinance applications continue to run much higher than last year's pace.&#8221;
Mortgage applications increased 1.4 percent from one week earlier, according to the MBA&#8217;s Weekly Applications Survey for the week ending Sept. 6, 2024.
"Purchase applications increased over the week and are edging closer to last year's levels,&#8221; Kan said.
&#8220;Despite the drop in rates, affordability challenges and other factors such as limited inventory might still be hindering purchase decisions."
Price Action: Lenders trended downward into Wednesday&#8217;s late-morning trading.
<ul>
<li>Invesco Mortgage Capital&nbsp;Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVR#NYSE">IVR</a>) slipped 1.14% to $8.67</li>
<li>Rocket Companies&nbsp;Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) declined 1.78% to $18.52</li>
<li>Lendingtree&nbsp;(TREE) fell 1.74% to $50.74</li>
</ul>
Exchange-traded funds that hold these stocks saw gains and losses on Wednesday.
<ul>
<li>Kingsbarn Dividend Opportunity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVDN#NYSE">DVDN</a>) went up 0.14%</li>
<li>Global X SuperDividend REIT ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRET#NASDAQ">SRET</a>) declined 1.31%</li>
<li>VanEck Mortgage REIT Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MORT#NYSE">MORT</a>) fell 1.45%</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40485557/30-year-mortgage-rates-hit-15-month-low-but-applications-pull-back-after-recent-spikes-real-esta">30-Year Mortgage Rates Hit 15-Month Low, But Applications Pull Back After Recent Spikes: Real Estate Stocks React Wednesday</a></li>
</ul>
Image: Shutterstock

ETFs

DVDN

MORT

SRET

Mortgage Rates Fall To Lowest Level Since February 2023

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 raises the price target from $16 to $20.

RBC Capital Maintains Sector Perform on Rocket Companies, Raises Price Target to $20

Wedbush analyst Jay McCanless maintains Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) with a Neutral and raises the price target from $15 to $18.

Wedbush Maintains Neutral on Rocket Companies, Raises Price Target to $18

Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) ("Rocket Companies" or the "Company"), the Detroit-based fintech platform company including mortgage, real estate and other financial services businesses, will host its first Investor Day today at 9:00 a.m. ET in Detroit and via a <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4248052-1&amp;h=2742694133&amp;u=https%3A%2F%2Finvestorday.rocketcompanies.com%2F&amp;a=live+webcast">live webcast</a>. During the event, the executive leadership team will present the Company's AI-fueled homeownership strategy and financial priorities to deliver shareholder value over the long-term.

Events

Rocket Companies Unveil Long-Term Growth Strategy At Inaugural Investor Day Today, Beginning At 9:00 am ET

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 raises the price target from $10.5 to $11.5.

UBS Maintains Sell on Rocket Companies, Raises Price Target to $11.5

Prospective homebuyers are holding off on<a href="https://www.benzinga.com/real-estate/24/06/39465243/u-s-home-sales-decline-for-third-month-as-record-prices-pose-persistent-affordability-challenges-dur"> buying new homes</a> as they bet on mortgage rates falling further, causing slow home sales, according to builders.
And why wouldn&#8217;t they wait?
In the week ending Aug. 23, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $766,550 slipped from <a href="https://finance.yahoo.com/news/mortgage-rates-hit-17-month-200029576.html?fr=yhssrp_catchall">6.5% to 6.44%</a>. This marks the lowest level since April 2023 and the fourth consecutive week of rate declines, according to the Mortgage Bankers Association (MBA).
Read Also: <a href="https://www.benzinga.com/real-estate/24/08/40629862/where-billionaires-are-snapping-up-homes-in-2024-hint-no-fear-of-climate-disasters">Where Billionaires Are Snapping Up Homes In 2024 — Hint, No Fear Of Climate Disasters</a>
&#8220;As observed in recent weeks, despite lower rates, purchase applications have not moved much,&#8221; said Joel Kan, MBA's vice president and deputy chief economist. 
&#8220;Prospective homebuyers are staying patient now that rates are moving lower and for-sale inventory has started to increase.&#8221; 
Mortgage applications saw a modest increase of 0.5% from the previous week, according to the Mortgage Bankers Association's (MBA) Weekly Applications Survey.
Refinancing activity showed a slight decline. The Refinance Index fell by 0.1% from the prior week, though it remains 85% higher than the same week last year, reflecting a robust annual surge in homeowners looking to take advantage of the lower rates.
Adjustable-rate mortgages (ARMs) also saw a decrease in interest rates. The average contract interest rate for 5/1 ARMs fell to 5.98% from 6.25%, indicating some relief for borrowers seeking more flexible loan terms.
Existing home sales increased for the first time in five months as falling mortgage rates have convinced prospective buyers to take out loans. However, sales are still slow as homeowners with mortgage rates around 3% wait for rates to fall even further, according to the National Association of Home Builders (NAHB).
Total existing-home sales rose 1.3% to a seasonally adjusted annual rate of 3.95 million in July. This marks the first increase after four months of declines. On a year-over-year basis, sales were still 2.5% lower than a year ago.
&#8220;Despite these changes, sales remained sluggish and low inventory continued to push up median home prices,&#8221; the NAHB said on Monday.
Homeowners with lower mortgage rates have opted to stay put, avoiding trading existing mortgages for new ones with higher rates.
This &#8220;lock-in&#8221; trend is causing home prices to rise and holding back inventory, but this trend should reverse as mortgage rates keep declining, the NAHB said.
&#8220;Mortgage rates are expected to continue to decrease gradually, leading to increased demand (and unlocking more of the lock-in inventory) in the coming quarters,&#8221; it said.
Price Action: Mortgage companies moved modestly on Wall Street into Thursday&#8217;s mid-afternoon trading.
<ul>
<li>UWM Holdings Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>) declined 0.93% to $9.07</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), parent company of Rocket Mortgage, fell 1.79% to $19.21</li>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) went up 0.45% to $40.13</li>
</ul>
Home builders also moved little on Thursday.
<ul>
<li>D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) fell 0.09% to $187.41</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) gained 0.55% to $168.01</li>
<li>NVR, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVR#NYSE">NVR</a>) ticked up 0.22% to $9,049.14</li>
</ul>
Read Now:
<ul>
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Image: Midjourney

UWMC

Homebuyers Turn Screws On Builders As Mortgage Rates Are Telegraphed To Fall

Throughout the last three months, 8 analysts have evaluated Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>), offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $14.19, a high estimate of $16.00, and a low estimate of $10.00. Surpassing the previous average price target of $12.06, the current average has increased by 17.66%.
<img src="https://www.benzinga.com/files/images/story/2024/1724936421_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of Rocket Companies by financial experts. The following summary presents 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>$14.00</td>
<td>$12.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$15.00</td>
<td>$13.50</td>
</tr>
<tr>
<td>Daniel Perlin</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$16.00</td>
<td>$14.00</td>
</tr>
<tr>
<td>Donald Fandetti</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$15.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Mark Devries</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Hold</td>
<td>$15.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Terry Ma</td>
<td>Barclays</td>
<td>Raises</td>
<td>Underweight</td>
<td>$10.00</td>
<td>$9.00</td>
</tr>
<tr>
<td>Richard Shane</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Underweight</td>
<td>$13.50</td>
<td>$11.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Rocket Companies. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Rocket Companies compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Rocket Companies's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Rocket Companies's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic 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>
<h2>Get to Know Rocket Companies Better</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>Rocket Companies: A Financial Overview</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, Rocket Companies showcased positive performance, achieving a revenue growth rate of 5.38% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Financials sector.
Net Margin: Rocket Companies's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 0.1%, the company may face hurdles in 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 is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.01%, the company may face hurdles in achieving optimal financial returns.
Debt Management: Rocket Companies's debt-to-equity ratio is notably higher than the industry average. With a ratio of 9.1, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Significance of Analyst Ratings Explained</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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 8 Analyst Projections For Rocket Companies

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 $12 to $14.

B of A Securities Maintains Underperform on Rocket Companies, Raises Price Target to $14

Investors with a lot of money to spend have taken a bullish stance on Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RKT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for Rocket Companies.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 37%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $35,880, and 7, calls, for a total amount of $465,858.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $12.0 to $26.0 for Rocket Companies over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Rocket Companies's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Rocket Companies's substantial trades, within a strike price spectrum from $12.0 to $26.0 over the preceding 30 days.
<h3>Rocket Companies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724432565_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$2.4</td>
<td>$2.25</td>
<td>$2.25</td>
<td>$23.00</td>
<td>$225.0K</td>
<td>1.0K</td>
<td>1.0K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.4</td>
<td>$0.3</td>
<td>$0.4</td>
<td>$26.00</td>
<td>$85.4K</td>
<td>25</td>
<td>2.1K</td>
</tr>
<tr>
<td>RKT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$4.7</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$23.00</td>
<td>$35.8K</td>
<td>0</td>
<td>0</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$3.8</td>
<td>$3.6</td>
<td>$3.7</td>
<td>$25.00</td>
<td>$34.4K</td>
<td>587</td>
<td>158</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$9.5</td>
<td>$8.3</td>
<td>$8.3</td>
<td>$12.00</td>
<td>$33.2K</td>
<td>3.1K</td>
<td>40</td>
</tr>
</tbody>
</table>

<h3>About Rocket Companies</h3>
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.
After a thorough review of the options trading surrounding Rocket Companies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Rocket Companies's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,084,570, the RKT's price is up by 4.96%, now at $20.72. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 69 days.</li>
</ul>
<h3>Expert Opinions on Rocket Companies</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $15.2.
<ul>
<li>An analyst from Wells Fargo persists with their Equal-Weight rating on Rocket Companies, maintaining a target price of $15. </li>
<li>Maintaining their stance, an analyst from Deutsche Bank continues to hold a Hold rating for Rocket Companies, targeting a price of $15. </li>
<li>An analyst from Wedbush has decided to maintain their Neutral rating on Rocket Companies, which currently sits at a price target of $15. </li>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Sector Perform rating on Rocket Companies with a target price of $16. </li>
<li>An analyst from JP Morgan persists with their Underweight rating on Rocket Companies, maintaining a target price of $15. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Rocket Companies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Rocket Companies's Options Frenzy: What You Need to Know

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>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$104.00</td>
<td>$94.8K</td>
<td>66</td>
<td>3.3K</td>
</tr>
<tr>
<td>UWMC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$11.00</td>
<td>$34.8K</td>
<td>39.1K</td>
<td>3.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$35.00</td>
<td>$1.0 million</td>
<td>7.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>AIG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$77.50</td>
<td>$51.4K</td>
<td>261</td>
<td>1.8K</td>
</tr>
<tr>
<td>RKT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$21.00</td>
<td>$35.8K</td>
<td>158</td>
<td>1.7K</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$15.00</td>
<td>$91.3K</td>
<td>5.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>UPST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$40.00</td>
<td>$28.9K</td>
<td>5.8K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/30/24</td>
<td>$23.00</td>
<td>$38.0K</td>
<td>233</td>
<td>1.0K</td>
</tr>
<tr>
<td>RILY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$7.50</td>
<td>$45.9K</td>
<td>1.4K</td>
<td>398</td>
</tr>
<tr>
<td>TFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$42.00</td>
<td>$37.1K</td>
<td>8</td>
<td>339</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For MS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on September 20, 2024. This event was a transfer of 895 contract(s) at a $104.00 strike. This particular call needed to be split into 27 different trades to become filled. The total cost received by the writing party (or parties) was $94.8K, with a price of $106.0 per contract. There were 66 open contracts at this strike prior to today, and today 3386 contract(s) were bought and sold. 
• Regarding UWMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UWMC#NYSE">UWMC</a>), we observe a call option sweep with bullish sentiment. It expires in 184 day(s) on February 21, 2025. Parties traded 585 contract(s) at a $11.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $34.8K, with a price of $60.0 per contract. There were 39122 open contracts at this strike prior to today, and today 3095 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 bearish sentiment. It expires in 849 day(s) on December 18, 2026. Parties traded 3000 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $1.0 million, with a price of $364.0 per contract. There were 7232 open contracts at this strike prior to today, and today 3030 contract(s) were bought and sold. 
• Regarding AIG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), we observe a call option sweep with bullish sentiment. It expires in 58 day(s) on October 18, 2024. Parties traded 542 contract(s) at a $77.50 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 $51.4K, with a price of $95.0 per contract. There were 261 open contracts at this strike prior to today, and today 1845 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 sweep that happens to be bullish, expiring in 9 day(s) on August 30, 2024. This event was a transfer of 1794 contract(s) at a $21.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $35.8K, with a price of $20.0 per contract. There were 158 open contracts at this strike prior to today, and today 1799 contract(s) were bought and sold. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a call option sweep that happens to be bearish, expiring in 58 day(s) on October 18, 2024. This event was a transfer of 1575 contract(s) at a $15.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $91.3K, with a price of $58.0 per contract. There were 5851 open contracts at this strike prior to today, and today 1689 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 call option sweep with bearish sentiment. It expires in 30 day(s) on September 20, 2024. Parties traded 100 contract(s) at a $40.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $28.9K, with a price of $289.0 per contract. There were 5872 open contracts at this strike prior to today, and today 1241 contract(s) were bought and sold. 
• Regarding AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we observe a put option trade with neutral sentiment. It expires in 9 day(s) on August 30, 2024. Parties traded 1000 contract(s) at a $23.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $38.0 per contract. There were 233 open contracts at this strike prior to today, and today 1026 contract(s) were bought and sold. 
• Regarding RILY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>), we observe a call option trade with neutral sentiment. It expires in 513 day(s) on January 16, 2026. Parties traded 200 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $45.9K, with a price of $230.0 per contract. There were 1476 open contracts at this strike prior to today, and today 398 contract(s) were bought and sold. 
• For TFC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), we notice a call option sweep that happens to be bearish, expiring in 30 day(s) on September 20, 2024. This event was a transfer of 337 contract(s) at a $42.00 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $37.1K, with a price of $110.0 per contract. There were 8 open contracts at this strike prior to today, and today 339 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.

AFRM

RILY

UPST

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Press Releases

Instabase Helps Rocket Mortgage Enhance Loan Approvals and Client Experience Through Artificial Intelligence

Fintech

Rocket Companies to Announce Second Quarter 2024 Results on August 1

A Decade of Excellence: Rocket Mortgage Named #1 for Client Satisfaction in Mortgage Servicing by J.D. Power for the 10th Year

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

Rocket Companies Leaders Unveil Long-term Growth Strategy at Inaugural Investor Day

Rocket Mortgage and Annaly Capital Management, Inc. Enter Strategic Subservicing Relationship

Enact Holdings

Federal Agricultural Mortgage Corporation Common Stock

Federal Agricultural

Better Home & Finance Holding Company - Class A Common Stock

Better Home & Finance

CNFinance Holdings Limited American Depositary Shares, each representing twenty (20) Ordinary Shares

CNFinance Hldgs

Mr. Cooper Gr

Essent Group

Finance of America Companies Inc. Class A Common Stock

Finance of America

Greystone Housing Impact Investors LP Beneficial Unit Certificates representing assignments of limited partnership interests

Greystone Housing Impact

Guild Holdings Company Class A Common Stock

Guild Holdings

loanDepot

Merchants Bancorp

MGIC Investment

NMI Holdings

Onity Group

PennyMac Financial Services, Inc. Common Stock

PennyMac Financial Servs

Radian Group

Security National Financial Corporation - Class A Common Stock

Security National Finl

UWM Holdings Corporation Class A Common Stock

UWM Hldgs

Velocity Financial

Walker & Dunlop

Waterstone Financial, Inc. - Common Stock

Waterstone Financial

RBC Capital

Wedbush

B of A Securities

JP Morgan

금융 서비스 기업 로켓 컴퍼니(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>)는 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noopener" data-google-interstitial="false">목요일 시장이 마감</a>된 후 2분기 실적을 발표했다.
중요한 하이라이트는 다음과 같다.
어떤 일이 (What Happened): 로켓 컴퍼니는 조정 매출이 12억 2,800만 달러로 발표했는데, Benzinga Pro의 데이터에 따르면 이는 월가의 컨센서스 추정치인 12억 1,900만 달러를 넘어섰다.
조정 매출은 4분기 연속 전년 대비 증가했다고 이 회사 밝혔다.
이 회사는 주당 순이익을 6센트로 보고했는데, 이는 스트리트 컨센서스인 주당 5센트를 뛰어넘는 수치이다.
해당 분기에 마감된 대출 개시 규모는 247억 달러로 전년 대비 10.4% 증가했다.
로켓 컴퍼니의 CEO인 바룬 크리쉬나(Varun Krishna)는 &#8220;우리 팀은 2분기에 인상적인 결과를 달성했다. 우리는 프로세스, 팀, 마케팅, 기술 전반에 걸쳐 지속적인 개선을 통해 구매 시장 점유율을 전년 대비 다시 한 번 성장시켰다&#8221;고 말했다.
다음은: 이 회사는 3분기에 조정 매출이 11억 5천만 달러에서 13억 달러에 이를 것으로 예상했다.
로켓은 9월 10일 디트로이트 시내에서 첫 투자자의 날을 개최할 예정이다.
크리쉬나는 &#8220;AI 기반 주택 소유 전략을 통해 고객이 장애물을 극복하고 꿈을 이룰 수 있도록 지원함으로써 모두가 주택 소유 경험을 더 쉽고 접근하기 쉽게 만들고 있다&#8221;고 말했다.
RKT 주가 움직임: 목요일 애프터마켓에서 로켓 주식은 0.46% 하락한 15.29달러를 기록했다.
사진: 셔터스톡
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
독점 속보 및 스캐너와 같은 Benzinga Pro의 강력한 도구 세트로 다른 트레이더보다 우위를 점하세요. 
<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

Comments

Rocket Companies

뉴스

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

금요일, 8월 02, 2024

사람들이 또한 지켜본다

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파트너 / 기고자

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