Have you been paying attention to shares of Mr Cooper (COOP) ? Shares have been on the move with the stock up 6% over the past month. The stock hit a new 52-week high of $78.54 in the previous session. Mr Cooper has gained 19.1% since the start of the year compared to the 3.5% move for the Zacks Finance sector and the 9.3% return for the Zacks Financial - Consumer Loans industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earni ...

The first quarter of 2024 proved to be impressive for U.S. stock markets, following a remarkable 2023. The S&P 500 surged by 10.2%, marking its strongest first-quarter showing since 2019. We anticipate that the bullish momentum will persist, bolstered by a robust U.S. economy.In 2023, U.S. GDP expanded by 2.5%, surpassing the 1.9% growth recorded in 2022. The Federal Reserve raised its GDP forecast for this year to 2.1% during the March FOMC meeting, up from 1.4% in December 2023, signaling no immediate thr ...

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.Even ...

Have you been paying attention to shares of Mr Cooper (COOP) ? Shares have been on the move with the stock up 5.5% over the past month. The stock hit a new 52-week high of $77 in the previous session. Mr Cooper has gained 17.3% since the start of the year compared to the 6.8% move for the Zacks Finance sector and the 8.9% return for the Zacks Financial - Consumer Loans industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings con ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Mr Cooper (COOP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Mr Cooper is one of 856 companies in the Finance group. The Finance group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Ra ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________________________________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-35449 ___________________________ ...

The Zacks Consumer Loans industry continues to bear the brunt of high inflation and expectations of economic slowdown. This will dampen the demand for consumer loans and hamper industry players’ top-line growth. Deteriorating asset quality is a major near-term headwind too.However, easing lending standards, which have increased the number of clients eligible for consumer loans, stabilizing consumer sentiments and the digitization of operations will keep aiding consumer loan providers. Hence, industry player ...

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.Whil ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Mr Cooper (COOP) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Mr Cooper is a member of the Finance sector. This group includes 857 individual stocks and currently holds a Zacks Sector Rank of #4. The Zacks Sector Rank includes 16 different groups and is listed in ord ...

Capital Ratio above 20-25% Target Range at 12/31/2023⁽¹⁾ 14 | BALANCE SHEET SEGMENT OPERATING INCOME AND NON-GAAP RECONCILIATION ROTCE RECONCILIATION ⁽¹⁾ Return on Common Equity (ROCE) is computed by dividing annualized earnings by average common equity (book value) ⁽²⁾ Assumes GAAP tax-rate of 24.2% | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------|---------|---------|------------------------------------|---------|---------| | $ mm's except for per sh ...