PennyMac Financial Services, Inc. Common Stock (PFSI)

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.

Janet Yellen says the U.S. financial system is overall sound and well-capitalized.

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.