Rocket Companies Report Down Earnings, But Issue Special Dividend
2021 annual revenue down $2.7 billion from 2020.
2021 annual revenue down $2.7 billion from 2020.
Bank of America analyst cut target price by $10.
Founder Daniel Gilbert accused of using non-public information to sell $500M in shares; company denies the allegations.
Acquisition brings millions of clients to the Rocket platform and is expected to add $100 million in annual recurring revenue to Rocket's $1.3 billion of annualized servicing fee income.
Met Or Exceeded Guidance For Closed Loan, Gain-On-Sale Margins For 4th Consecutive Quarter
Diversity Of Product Lines Could Insulate It From Losses That Hit Other Lenders