Fintech mortgage provider Rocket Companies (NYSE:RKT) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 10.8% year on year to $1.36 billion. On top of that, next quarter’s revenue guidance ($1.68 billion at the midpoint) was surprisingly good and 6.9% above what analysts were expecting. Its non-GAAP profit of $0.04 per share was $0.01 above analysts’ consensus estimates.
Shares of fintech mortgage provider Rocket Companies (NYSE:RKT) jumped 6.8% in the afternoon session after a favorable U.S. inflation report bolstered expectations for an imminent Federal Reserve interest rate cut, a positive development for the mortgage industry. The U.S. Consumer Price Index (CPI) report for July was largely in line with market expectations, a development that increased the chances of a Federal Reserve rate cut at its September meeting to 95%. Lower interest rates are particularly beneficial for the housing sector as they typically translate into lower mortgage rates. This makes homeownership more accessible and stimulates demand, directly benefiting mortgage lenders like Rocket. The positive sentiment was widespread across the market, lifting major U.S. stock indexes.
Wrapping up Q2 earnings, we look at the numbers and key takeaways for the thrifts & mortgage finance stocks, including Rocket Companies (NYSE:RKT) and its peers.
The financial markets are abuzz with renewed speculation regarding a potential interest rate cut by the Federal Reserve, following the release of a surprisingly weak July jobs report. This critical economic data, which revealed sluggish labor market growth and downward revisions to previous months' figures, has significantly altered the landscape
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.
Rocket Companies (NYSE: RKT) stands as a formidable force in the financial technology landscape, headquartered in Detroit, Michigan. This innovative enterprise has carved out a niche in facilitating homeownership and broader financial management, evolving from its roots as Rock Financial in 1985 to the publicly traded entity it is today.
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
Shares of Rocket Companies are surging in Friday morning trading. The fintech giant reported second-quarter financial results that surpassed Wall Street expectations.
Fintech mortgage provider Rocket Companies (NYSE:RKT) reported Q2 CY2025 results topping the market’s revenue expectations, with sales up 4.6% year on year to $1.36 billion. On top of that, next quarter’s revenue guidance ($1.68 billion at the midpoint) was surprisingly good and 6.9% above what analysts were expecting. Its non-GAAP profit of $0.04 per share was $0.01 above analysts’ consensus estimates.
