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The Latest Breaking News from Rocket

Rocket Cos. profit falls 63% year-over-year to $1 billion

Rocket Companies Inc., the Detroit-based parent company of mortgage lending giant Rocket Mortgage, on Tuesday said first-quarter profit was down roughly 63% year-over-year as the mortgage lending industry faces headwinds including rising interest rates.

Tribune News Service

Rocket Companies Q1 Earnings Takeaways: Revenue And EPS Fall, Refinances And Cash-Out Mortgages See Strength

Rocket Companies Inc (NYSE: RKT) reported first-quarter financial results after market close Tuesday. Here are the key highlights.

Benzinga

Housing Beat: 30-Year Mortgage At 13-Year High; Major Lenders In LinkedIn Spat

The housing and mortgage world witnessed rising rates, an upswing in application levels, and public feud between two major lenders.

Benzinga

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Ronnie O'Sullivan "doesn't give a monkeys" in bizarre interview during John Higgins semi-final

Ronnie O’Sullivan finds himself locked at four games apiece in his World Championship semi-final against John Higgins, and the Rocket was extremely relaxed following session one

Daily Mirror

Rocket Mortgage to trim workforce as home-loan market shrinks

The country’s largest lender is looking to reduce its workforce amid a shrinking mortgage market following two years of record loan volume.

Tribune News Service

World Snooker Championship 2022: Mark Allen battling illness ahead of Ronnie O'Sullivan showdown

“I was convinced I had Covid, but I’ve been testing every day and praying I wasn’t positive and miss the World Championship."

Belfast Live

Rising Mortgage Rates May Impact Lenders Less Than You Think: Rocket Companies CEO Talks Market Strength

The surge in mortgage rates has put pressure on mortgage lenders. Rocket Companies Inc (NYSE: RKT), the largest mortgage originator in the United States, has seen its stock fall more than 30% year-to-date, but that may not be an accurate reflection of the strength of the business.

Benzinga

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Jalen Green wins Western Conference Rookie of the Month for March, April

After averaging nearly 23 points per game on elite efficiency in March and April, Rockets guard Jalen Green is officially the Western Conference Rookie of the Month.

USA Today Sports Media Group

Why Rocket Companies Shares Inched Higher After-Hours Today

Rocket Companies Inc (NYSE: RKT) CEO Jay Farner purchased nearly $100,000 worth of shares in the real estate and mortgage firm on Wednesday under Rule 10b5-1 plan.

Benzinga

Suns at Rockets: Wednesday’s lineups, injury reports, broadcast and stream info

Rockets guard Eric Gordon was a late scratch from Sunday’s game with right knee tendinitis, and he’s now questionable for Wednesday’s home matchup versus Devin Booker and the Suns.

USA Today Sports Media Group

A Technical Analysis Of Rocket Companies Stock After Q4 Earnings

Rocket Companies Inc. (NYSE: RKT) shares were trading higher Friday, bouncing back after the company reported worse-than-expected fourth-quarter EPS and sales results. The company reported earnings per share of 32 cents, missing the estimate of 37 cents.

Benzinga

Rocket Companies Q4 Earnings Highlights: Revenue Miss, Record Originations, Special Dividend And More

Rocket Companies (NYSE: RKT) reported fourth-quarter and full-year financial results after Thursday's market close. Here are the key highlights for investors.

Benzinga

Analyst Downgrades Rocket Companies, Says Refinancing Mortgage Volumes 'Likely Headed Meaningfully Lower'

Investors are expecting interest rates to start rising sharply in coming months, and one analyst said Tuesday that rising rates are bad news for Rocket Companies Inc (NYSE: RKT).

Benzinga

Rockets to waive DJ Augustin

Mark Berman: NBA source: Rockets are waiving DJ Augustin and source confirms they are also waiving Armoni Brooks. Source: Twitter @MarkBermanFox26 What's the buzz on Twitter? Jonathan Feigen @ Jonathan_Feigen For some pregame reading, ICYMI, with ...

USA Today Sports Media Group

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Heat eyeing Christian Wood

Sources tell Heavy.com that among the ideas floated has been a deal centering on Rocket big man Christian Wood and Miami shooter Duncan Robinson. Involved people have downplayed there being anything substantive, and there would clearly be other ...

Benzinga

Which Direction Is Rocket Companies' Chart Heading?

Rocket Companies Inc (NYSE: RKT) shares are trading higher Wednesday and looking to climb back into what traders call a falling wedge pattern. JPMorgan upgraded the stock to Overweight and lowered the price target to $15. Rocket Companies was up 3.78% at $13.47 Wednesday at publication.

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