Thrifts & Mortgage Stocks: Mixed Earnings, Dips & Upsides
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Thrifts and mortgage finance stocks had a mixed Q4, with revenues beating estimates but next quarter guidance falling short. Shares are down 12.3% on average. Flagstar led with $548M revenue, down 3% but topping estimates, and stock is off 4.9%. Arbor had the best quarter, revenue down 12.1% but crushing estimates, shares up 1.9%. Ladder Capital tanked, revenue down 26.4% and missing estimates, stock down 10.7%. Rocket Companies surged 105% but shares dropped 24.2%. Despite standouts, the sector faces pressure from rates and competition, with potential for value buying.
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