Rithm (RITM) Down 3.2% Despite Q2 Earnings Beat: Growth Ahead?
RITMRithm Capital (RITM) ZACKS·2024-08-13 01:50

Shares of Rithm Capital Corp. (RITM) have declined 3.2% since it reported better-than-expected second-quarter 2024 results on Jul 31, 2024, before the opening bell. The quarterly results were supported by an improving performance in its Mortgage Loans Receivable business and solid Asset Management unit.Growth in interest income was a major tailwind in the second quarter. However, rising expenses partially offset the positives. Investors seem to be concerned about its declining servicing revenues, which is l ...