Rithm (RITM) Rises 1.6% Since Q1 Earnings Beat: Growth Ahead?
RITMRithm Capital (RITM) Zacks Investment Research·2024-05-16 02:11

Shares of Rithm Capital Corp. (RITM) have gained 1.6% since it reported strong first-quarter 2024 results on Apr 30, 2024. The quarterly results were supported by a solid performance of its servicing portfolio. Gain on sale margins exhibited signs of recovery during the quarter, although there is still some ground to cover to reach their levels from a year ago. The growing strength of the Newrez business in the first quarter contributed to the positive results. The increasing market share of Newrez's origin ...