PennyMac Financial Services has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 6.3% to $102.29 per share while the index has gained 7.5%.
Mortgage banking company PennyMac Financial Services (NYSE:PFSI) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 41% year on year to $430.9 million. Its non-GAAP profit of $2.77 per share was 2% below analysts’ consensus estimates.
A stock with low volatility can be reassuring, but it doesn’t always mean strong long-term performance.
Investors who prioritize stability may miss out on higher-reward opportunities elsewhere.
Growth boosts valuation multiples, but it doesn’t always last forever.
Companies that cannot maintain it are often penalized with large declines in market value, a lesson ingrained in investors who lost money in tech stocks during 2022.
Chimera Investment Corp (CIM) to acquire HomeXpress Mortgage Corp for $120M in cash and stock. Deal to expand mortgage loan origination and diversify earnings base.
PFSI stock results show that PennyMac Financial Servs beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.
US-listed mortgage lenders are rising as regulators allow Freddie Mac to buy second mortgages, potentially reducing the cost of borrowing against home equity.
PFSI stock results show that PennyMac Financial Servs beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.
Companies Reporting Before The Bell • ING Groep (NYSE:ING) is expected to report earnings for its fourth quarter. • Shell (NYSE:SHEL) is likely to report quarterly earnings at $1.81 per share on revenue of $75.66 billion.
