Group 1: Cleveland-Cliffs Inc. - Goldman Sachs analyst Mike Harris maintained a Buy rating on Cleveland-Cliffs and raised the price target from $14.5 to $16 [1] Group 2: Rocket Companies, Inc. - Rocket Companies reported better-than-expected third-quarter earnings of 7 cents per share, beating the Street estimate of 5 cents [2] - Quarterly revenue for Rocket Companies was $1.78 billion, surpassing the consensus estimate of $1.66 billion [2] - Rocket shares gained 4.5% to close at $16.66 [6] Group 3: Meta Platforms, Inc. - Meta reported quarterly diluted earnings per share of $1.05, which includes a one-time, non-cash income tax charge of $15.93 billion [3] - On an adjusted basis, Meta's earnings per share came in at $7.25 [3] - Meta shares fell 2.7% to close at $648.35 [6] Group 4: Bristol-Myers Squibb Company - Bristol-Myers Squibb reported third-quarter revenues of $12.22 billion, beating the consensus of $11.81 billion, representing a 3% increase year over year [4] - Bristol-Myers Squibb shares gained 1% to close at $46.07 [6]

Market Overview - U.S. markets opened with positive momentum, with the Nasdaq up by 1%, S&P 500 increasing by 0.60%, and Dow Jones rising by 0.15% [2] - The Russell 2000 index also showed slight gains of 0.05% [2] Premarket Movers - Brighthouse Financial saw a significant increase of 23.4% amid takeover discussions [3] - Other notable gainers included Amazon (+12%), Twilio (+10%), Western Digital (+9.7%), Cloudflare (+8.7%), and Rocket Companies (+7.8%) following their earnings reports [3] Earnings Reports - Strong earnings from Amazon (+12.5% in premarket) and Apple (+2.2%) contributed positively to market sentiment, offsetting weaker performances from Microsoft and Meta [6] - Exxon Mobil, Abbvie, and Chevron also released their earnings, contributing to the overall market activity [7] Market Sentiment - The market is reacting positively to a combination of strong earnings reports and optimistic commentary from the U.S. central bank, despite the ongoing government shutdown which has halted the release of economic data [5][8]

Core Insights - Rocket Companies (RKT) reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.04 per share, but down from $0.08 per share a year ago, resulting in an earnings surprise of +75.00% [1] - The company achieved revenues of $1.78 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 2.01%, and up from $1.32 billion year-over-year [2] - Rocket Companies has outperformed the S&P 500, with shares increasing approximately 44.2% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $1.24 billion, and for the current fiscal year, it is $0.25 on revenues of $5.16 billion [7] - The estimate revisions trend for Rocket Companies was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Financial - Mortgage & Related Services industry, to which Rocket Companies belongs, is currently ranked in the top 39% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - The performance of Rocket Companies' stock may also be influenced by the overall industry outlook, as empirical research indicates a strong correlation between stock movements and earnings estimate revisions [5]

Financial Data and Key Metrics Changes - Adjusted revenue for Q3 2025 was $1,783 million, exceeding the high end of guidance [6][18] - Net rate lock volume reached $36 billion, up 26% from Q2, and closed loan volume was $32 billion, up 11% from Q2 [6][18] - Adjusted EBITDA was $349 million, with a margin expansion to 20% from 13% in the prior quarter [6][19] - Adjusted diluted EPS was $0.07 [6][19] Business Line Data and Key Metrics Changes - The company gained market share in both purchase and refinance segments, marking the strongest performance in these areas in the last three years [6][18] - Home equity product doubled year-over-year [20] - Redfin contributed to 13% of Rocket's retail purchase closings, indicating significant integration success [21][49] Market Data and Key Metrics Changes - The 30-year fixed mortgage rate dropped to 6.3%, providing relief for buyers and refinancing [5][19] - Existing home sales are projected to be the slowest since 1995, with around 4 million units expected [5] Company Strategy and Development Direction - The company is focused on integrating AI technology to enhance various business aspects, including lead management and processing efficiency [8][10] - The integration of Redfin and Mr. Cooper is expected to create a powerful recapture engine, enhancing the overall service offering [10][12] - The company aims to redefine the homeownership experience by providing an end-to-end integrated platform [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to grow despite a challenging housing market, citing pent-up demand from buyers [5][19] - The outlook for Q4 2025 includes expected adjusted revenue between $2 billion and $2.3 billion, reflecting continued market share gains [30][31] - For 2026, management anticipates a strong year, with market growth expected to be around 25% year-over-year [36][56] Other Important Information - The company closed the Mr. Cooper transaction on October 1, 2025, and will consolidate its financials in Q4 [6][18] - The total combined corporate debt balance remains unchanged, with a simplified capital structure [22] Q&A Session Summary Question: Revenue guidance and core performance - Management discussed the Q4 guidance, highlighting that the purchase pipeline is at record levels despite traditional seasonality [34][36] - They expressed optimism for 2026, citing potential market growth and improved lead flow from acquisitions [36][38] Question: Mr. Cooper acquisition synergies - Management provided updates on integration progress, noting strong lead flow and conversion from Mr. Cooper's servicing portfolio [40][42] - They confirmed a target of $500 million in total synergies, with $400 million expected from expenses and $100 million from revenue [42][43] Question: Redfin revenue drivers - Management highlighted the integration of pre-qualification experiences on Redfin, which has significantly increased application starts [47][49] - They expect to enhance the mortgage attach rate from 40% to 50% through improved client engagement and offerings [49][50]

Rocket Companies Inc. (NYSE:RKT) shares climbed Thursday after the company released its third-quarter earnings report, beating expectations on the top and bottom lines. RKT stock is up. See the real-time price action here.Here's what to know.The Details: Rocket Companies reported quarterly earnings of seven cents per share, which beat the Street estimate of five cents.Quarterly revenue clocked in at $1.78 billion, which beat the consensus estimate of $1.66 billion.Read Next: Elon Musk’s Tesla Fleet Dream — ...

DETROIT, October 30, 2025 – Rocket Companies, Inc. (NYSE: RKT) ("Rocket Companies" or the "Company"), the Detroit-based homeownership platform company including mortgage, real estate, title and personal finance businesses, today announced results for the third quarter ended September 30, 2025. "Rocket delivered a standout quarter, balancing short and long term execution in a category of one. I am very proud of the Rocket team for surpassing the high end of our adjusted revenue guidance range, accelerating R ...

Investor Presentation October 2025 Disclaimer This presentation contains and related discussions may contain "forward-looking statements" within the meaning of U.S. federal securities laws. Forward-looking statements include information concerning possible or assumed future results of operations, Rocket Companies, Inc.'s (the "Company") business plansand strategies, the Company'sabilityto cross-selland up-sell the Company's products, the Company's acquisitions of Redfin Corporation and Mr. Cooper Group Inc. ...

Core Insights - The article highlights three Fintech stocks to watch: Rocket Companies, LexinFintech, and Joint Stock Company Kaspi.kz, which have shown the highest dollar trading volume recently [2] Company Summaries Rocket Companies (RKT) - Rocket Companies, Inc. is a fintech holding company that provides mortgage lending, title and settlement services, and other financial technology services in the U.S. and Canada [3] - The company operates through two segments: Direct to Consumer and Partner Network, offering solutions like Rocket Mortgage, Amrock, Rocket Homes, and Rocket Loans [3] LexinFintech (LX) - LexinFintech Holdings Ltd. offers online consumer finance services in China through its subsidiaries [4] - The company operates Fenqile.com, which provides installment purchase and personal installment loans, along with online direct sales with installment payment terms [4] Joint Stock Company Kaspi.kz (KSPI) - Joint Stock Company Kaspi.kz provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan [5] - The company operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform, facilitating transactions between customers and merchants [5]

Initially, circumstances for mortgage lending giant Rocket Companies Inc (NYSE:RKT) did not look appealing, with RKT stock making its public market debut at the peak of the post-pandemic housing euphoria. Fundamentally, that left virtually no realistic margin for sustained growth, subsequently cratering the equity. However, with positive undercurrents materializing in the real estate market — along with a compelling quantitative signal — RKT is on the rise.Much of the enthusiasm for RKT stock appears to be ...

Core Insights - Rocket Companies (RKT) is expected to report quarterly earnings of $0.04 per share, reflecting a year-over-year decline of 50% [1] - Revenue is anticipated to reach $1.75 billion, showing an increase of 32.1% compared to the same quarter last year [1] Earnings Estimates Revisions - The consensus EPS estimate has been revised 37.5% higher over the last 30 days, indicating a collective reevaluation by analysts [2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [3] Revenue Projections - Analysts project 'Revenue- Gain on sale of loans- Gain on sale of loans excluding fair value of MSRs, net' to be $547.46 million, a year-over-year change of +8.1% [5] - 'Revenue- Gain on sale of loans- Fair value of originated MSRs' is estimated at $376.96 million, reflecting an increase of +11.6% from the prior year [5] - 'Revenue- Loan servicing income- Servicing fee income' is projected at $406.53 million, indicating a year-over-year change of +8.8% [6] - 'Revenue- Other income' is expected to be $446.97 million, showing a significant year-over-year change of +48.8% [6] - 'Revenue- Gain on sale of loans, net' is projected to reach $924.41 million, a change of +9.5% from the year-ago quarter [7] - 'Revenue- Interest income, net' is expected at $34.34 million, indicating a substantial change of +409% from the prior year [7] - 'Revenue- Interest income- Interest income' is projected to be $114.19 million, reflecting a year-over-year change of +5.2% [7] Stock Performance - Over the past month, shares of Rocket Companies have returned -9.7%, contrasting with the Zacks S&P 500 composite's +3.8% change [8] - Currently, RKT holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [8]