Mr. Cooper Group Inc. is a leading provider of mortgage services, specializing in residential loan servicing and origination. The company offers a range of financial products and services, including home loans and refinancing options, aimed at empowering homeowners and enhancing their mortgage experience. With a focus on innovation and customer service, Mr. Cooper leverages technology to streamline the mortgage process and provide personalized solutions that meet the evolving needs of its clients. The company's commitment to transparency and support positions it as a trusted partner for those navigating the complexities of home financing. Read More
A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
A number of stocks fell in the afternoon session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell. The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500, with technology stocks experiencing the largest declines. Investors have grown wary that the sharp rally in the tech sector since April may have advanced too far. The market-wide caution is largely driven by the upcoming Jackson Hole symposium, a meeting of central bankers, where traders are anxiously awaiting Fed Chair Powell's speech on Friday for guidance on the future path of interest rates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Mr. Cooper Group (NASDAQ:COOP) and the best and worst performers in the thrifts & mortgage finance industry.
Shares of mortgage servicing company Mr. Cooper Group (NASDAQ:COOP) jumped 5.3% in the morning session after investor optimism grew following recent strategic developments, including a planned merger with Rocket Companies, and positive analyst price targets. The positive sentiment was supported by multiple analysts. Jefferies increased its price target for Mr. Cooper to $150, expressing optimism that a merger with Rocket Companies would enhance future earnings. Adding to this, a UBS analyst set a new price target of $178. This bullish outlook follows the company's strong performance, which was highlighted in Diamond Hill Small-Mid Cap Fund's Q2 2025 investor letter. While the company's most recent quarterly earnings per share (EPS) missed consensus estimates, investors appeared to focus on strategic developments, including management's emphasis on technology investments to improve operational efficiency.
NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Great things are happening to the stocks in this article.
They’re all outperforming the market over the last month because of positive catalysts such as a new product line, constructive news flow, or even a loyal Reddit fanbase.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Mr. Cooper Group Inc. (NasdaqCM: COOP) to Rocket Companies (NYSE: RKT). Under the terms of the proposed transaction, shareholders of Mr. Cooper will receive 11.0 Rocket shares for each share of Mr. Cooper that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
A number of stocks jumped in the morning session after markets rebounded following a sharp sell-off in the previous trading session as investor optimism grew around a potential Federal Reserve interest rate cut following a weak U.S. jobs report.
Detroit, MI – Rocket Companies (NYSE: RKT), the parent company of Rocket Mortgage, has witnessed a significant surge in its stock price, fueled by robust second-quarter earnings, optimistic third-quarter guidance, and a surprising resurgence in the starter home segment of the housing market. This upward trajectory signals a potential turning point
The stocks featured in this article have all approached their 52-week highs.
When these price levels hit, it typically signals strong business execution, positive market sentiment, or significant industry tailwinds.
Mortgage servicing company Mr. Cooper Group (NASDAQ:COOP) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 16.8% year on year to $681 million. Its GAAP profit of $3.04 per share was 3.4% below analysts’ consensus estimates.
Mr. Cooper Group Inc. (NASDAQ: COOP) (the “Company”), reported second quarter income before income tax expense of $277 million and net income of $198 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $269 million. Adjustments included other mark-to-market net of hedges of $30 million and other items shown below in the reconciliation of GAAP and non-GAAP results.
A wave of U.S. trade deals with key allies over the past 24 hours reignited Wall Street's rally and boosted investor risk appetite across global markets.
