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.
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.
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.
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.
