Mr Cooper (COOP) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a c ...

Investors in Mr. Cooper Group Inc. (COOP) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $40 Put had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could a ...

Mr. Cooper Group Inc.(COOP) shares moved upward for two straight days after it reported strong secondquarter 2024 results on Jul 25, 2024, before the opening bell. Since then, the stock has significantly fallen back. Nevertheless, shares of COOP have jumped 30.8% in the year-to-date period, outperforming the industry's 5.9% growth and the S&P 500 Index's 9.2% gain. Image Source: Zacks Investment Research Solid growth in Servicing and Originations units were major tailwinds for the company in the second quar ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Mr Cooper (COOP) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the ...

Mr. Cooper Group Inc. (NASDAQ:COOP) Q2 2024 Earnings Conference Call July 25, 2024 10:00 AM ET Company Participants Ken Posner - Senior Vice President, Strategic Planning & Investor Relations Jay Bray - Chairman & Chief Executive Officer Mike Weinbach - President Kurt Johnson - Executive Vice President & Chief Financial Officer Conference Call Participants Terry Ma - Barclays Mark DeVries - Deutsche Bank Bose George - KBW Crispin Love - Piper Sandler Doug Harter - UBS Shanna Qiu - Barclays Eric Hagen - BTI ...

▪ Closing anticipated in 4Q'24, subject to regulatory and other customary approvals 411 412 459 528 588 631 676 753 442 421 380 361 359 456 481 760 17 19 43 48 45 49 49 49 $870 $853 $882 $937 $992 $1,136 $1,206 $1,562 4Q'22 1Q'23 2Q'23 3Q'23 4Q'23 1Q'24 2Q'24 2Q'24 Pro Forma Servicing Portfolio +79% (UPB in $ bn's) Special Servicing +187% Subservicing +72% Owned MSR +83% ⁽¹⁾ 5 | Flagstar acquisition adds: • $77 bn UPB of owned MSRs • $279 bn UPB of subservicing Pro forma, portfolio consists of 52% subservic ...

Exhibit 99.1 FOR IMMEDIATE RELEASE MR. COOPER GROUP REPORTS SECOND QUARTER 2024 RESULTS AND ANNOUNCES ACQUISITION OF MORTGAGE OPERATIONS FROM FLAGSTAR Dallas, TX (July 25, 2024) - Mr. Cooper Group Inc. (NASDAQ: COOP) (the "Company"), reported second quarter income before income tax expense of $277 million and net income of $204 million. Excluding other mark-to-market and other adjustments, the Company reported pretax operating income of $219 million. Adjustments included other mark-to-market net of hedges o ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Janus Henderson Group plc (JHG) : This asset management company has seen the Zacks Consensus Estimate for its current year earnings increasing 10.8% over the last 60 days. Crescent Energy Company (CRGY) : This explorer and producer of oil and natural gas has seen the Zacks Consensus Estimate for its current year earnings increasing 39.5% over the last 60 days. Mr. Cooper Group Inc. (COOP) : This non-bank servicer of residential mortgag ...

Crescent Energy has a price-to-earnings ratio (P/E) of 6.92, compared with 34.90 for the industry. The company possesses a Value Score of A. See the full list of top ranked stocks here. Standard Chartered PLC (SCBFF) : This banking company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.4% over the last 60 days. Standard Chartered has a price-to-earnings ratio (P/E) of 6.02, compared with 9.30 for the industry. The company possesses a Value ...