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
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.
Shares of mortgage servicing company Mr. Cooper Group (NASDAQ:COOP) jumped 3.4% in the morning session after an analyst at Jefferies significantly raised their price target on the stock. The analyst at Jefferies boosted the price target on the mortgage servicer to $150 from $110, a substantial 36% increase, while maintaining a "Hold" rating on the shares.
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.
In cities and towns across the United States and much of the world, the same anxious conversation echoes: “Why are homes so expensive?” From young families locked out of the market, to renters seeing leases soar, to seniors unable to downsize affordably, the housing crisis has become a defining issue
Mortgage servicing company Mr. Cooper Group (NASDAQ:COOP) missed Wall Street’s revenue expectations in Q1 CY2025, with sales flat year on year at $560 million. Its non-GAAP profit of $2.97 per share was 1.8% above analysts’ consensus estimates.
Senators Elizabeth Warren, Cory Booker, Bernie Sanders, Mazie Hirono, and Tina Smith sent a letter voicing their concerns to the heads of the Justice Department and the Federal Trade Commission on Wednesday.
