Rithm Capital Up 3.3% Since Q3 Earnings Beat on Interest Income Growth

Shares of Rithm Capital Corp. (RITM) have gained 3.3% since it reported better-than-expected third-quarter 2024 earnings on Oct. 29, 2024, driven by an improving performance in its Mortgage Loans Receivable business and solid Asset Management unit.Higher interest income was a key contributor to third-quarter growth, though rising expenses and declining servicing revenues partially offset these gains. Still, Rithm’s expanding Newrez business and strategic initiatives are expected to boost the market share of ...