Blend Announces Third Quarter 2024 Financial Results Welcomes New Customers and Accomplishes Important Financial Milestones for the Business November 6, 2024 SAN FRANCISCO -- Blend Labs, Inc. (NYSE:BLND), a leading origination platform for digital banking solutions, today announced its third quarter 2024 financial results. "The third quarter resulted in several big wins for Blend, including the signing of multi-year deals with new customers in both mortgage and consumer banking as well as the significant mi ...

Group 1 - Blend Labs (BLND) is a notable stock in the Computer and Technology sector, showing strong year-to-date performance compared to its peers [1][4] - The Computer and Technology group ranks 8 in the Zacks Sector Rank, which evaluates the strength of 16 sector groups based on individual stock performance [2] - Blend Labs has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions and improving earnings prospects [3] Group 2 - The Zacks Consensus Estimate for Blend Labs' full-year earnings has increased by 29.9% in the past quarter, reflecting stronger analyst sentiment and an improving earnings outlook [4] - Year-to-date, Blend Labs has returned approximately 52.9%, outperforming the average gain of 24% in the Computer and Technology sector [4] - Blend Labs is part of the Internet - Software industry, which ranks 80 in the Zacks Industry Rank, and this industry has seen an average gain of 21.8% this year, further highlighting Blend Labs' strong performance [6]

Group 1 - Blend Labs (BLND) has shown a year-to-date return of 31.8%, outperforming the Computer and Technology sector's average return of 13.4% [4] - The Zacks Consensus Estimate for BLND's full-year earnings has increased by 29.9% over the past 90 days, indicating improving analyst sentiment [4] - Blend Labs is ranked 2 (Buy) in the Zacks Rank system, which highlights stocks expected to outperform the market in the near term [3] Group 2 - Blend Labs is part of the Internet - Software industry, which includes 141 companies, and it currently ranks 95 in the Zacks Industry Rank [6] - The average return for stocks in the Internet - Software industry this year is 10.5%, indicating that BLND is performing better than its peers in this industry [6] - Another stock in the same sector, OneSpan (OSPN), has a year-to-date return of 39.7% and also holds a Zacks Rank of 2 (Buy) [5]

For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Blend Labs (BLND) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question. Blend Labs is a member of our Computer and Technology group, which includes 617 different companies and currently sits at #8 in the Zacks Sector Rank. ...

Blend Labs, Inc (NYSE:BLND) Q2 2024 Results Conference Call August 8, 2024 4:30 PM ET Company Participants Winnie Ling - Head-Legal and People Nima Ghamsari - Co-Founder and Head-Blend Amir Jafari - Head-Finance and Administration Bryan Michaleski - Investor Relations Lead Conference Call Participants Dylan Becker - William Blair Joseph Vafi - Canaccord Genuity Ryan Tomasello - KBW David Unger - Wells Fargo Winnie Ling Good afternoon, and welcome to Blend's Second Quarter 2024 Earnings Conference Call. My ...

U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining more than 50 points on Friday. The Dow traded down 0.05% to 39,426.08 while the NASDAQ rose 0.36% to 16,720.23. The S&P 500 also rose, gaining, 0.30% to 5,335.46. Leading and Lagging Sectors Information technology shares climbed by 0.6% on Friday. In trading on Friday, industrials shares fell 0.3%. Top Headline The total number of active U.S. oil rigs increased by three to 485 rigs this week, Baker Hughes Inc reported. Equ ...

Blend Labs (BLND) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this cloudbased platform for financial companies would post a loss of $0.08 per share when it actually produced a loss of $0.06, delivering a surprise of 25%. Over the last four quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40599 BLEND LABS, INC. (Exact name of registrant as specified in its charter) Delaware 45-5211045 (State or other jurisdiction of inc ...

Blend Announces Second Quarter 2024 Financial Results Meets Revenue Guidance and Outperforms Operating Loss Target in Second Quarter 2024 August 8, 2024 SAN FRANCISCO -- Blend Labs, Inc. (NYSE:BLND), the leading platform for digital banking solutions, today announced its second quarter 2024 financial results. "The second quarter marked another strong quarter for Blend, as we signed several important deals with new customers across mortgage and consumer banking," said Nima Ghamsari, Head of Blend. "Despite c ...

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