Date | Price Target | Rating | Analyst |
---|---|---|---|
7/22/2024 | $95.00 | Outperform → Mkt Perform | Keefe Bruyette |
1/10/2024 | $88.00 | Buy | Deutsche Bank |
12/6/2023 | $80.00 | Buy | UBS |
11/15/2023 | $74.00 | Overweight | Barclays |
10/2/2023 | $62.00 → $65.00 | Mkt Perform → Outperform | Keefe Bruyette |
4/21/2022 | Neutral | BTIG Research | |
2/14/2022 | $52.00 → $59.00 | Outperform | Credit Suisse |
2/14/2022 | $60.00 → $71.00 | Overweight | Piper Sandler |
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today that Jay Bray, Chairman and Chief Executive Officer, Mike Weinbach, President, and Kurt Johnson, Executive Vice President and Chief Financial Officer, are scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 10, 2024 at 3:30 P.M. Eastern Time as part of a fireside chat. A live webcast of the fireside chat will be available under the investor section on Mr. Cooper Group's website, www.investors.mrcoopergroup.com. A replay of the webcast will be available shortly after the event and will be available through 10/10/2024. About Mr. Cooper Group Inc. Mr. Cooper Group Inc. (NASDAQ:COOP) provides q
LendingPoint, the award-winning online loan origination and servicing platform, announced the appointment of Shawn Stone, a longtime financial services executive, as the Company's new Chief Executive Officer and member of the Board. LendingPoint is a financial technology platform that provides financing solutions to a wide range of customers, including lending institutions and consumers. The company's proprietary fraud prevention, risk, and asset management algorithms are used to create financing opportunities across the credit spectrum. Mr. Stone is a senior financial services executive with more than 25 years of experience in online loan origination, loan servicing operations, credit
Mr. Cooper Group Inc. (NASDAQ:COOP) ("Mr. Cooper") announced the pricing of an offering by Nationstar Mortgage Holdings Inc., a direct wholly-owned subsidiary of Mr. Cooper ("Nationstar"), of $750,000,000 6.500% Senior Notes due 2029 (the "Notes"). The Notes will bear interest at 6.500% per annum and will mature on August 1, 2029. Interest on the Notes will be payable semi-annually on February 1 and August 1 of each year, beginning on February 1, 2025. The offering is expected to close on or around August 1, 2024, subject to customary closing conditions. It is expected that the net proceeds of the offering will be used to repay a portion of the amounts outstanding under Mr. Cooper's MSR f
Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
Mr. Cooper Gr (NASDAQ:COOP) reported quarterly earnings of $2.52 per share which beat the analyst consensus estimate of $2.37 by 6.33 percent. The company reported quarterly sales of $583.000 million which beat the analyst consensus estimate of $550.712 million by 5.86 percent. This is a 19.96 percent increase over sales of $486.000 million the same period last year.
Keefe, Bruyette & Woods analyst Bose George downgrades Mr. Cooper Gr (NASDAQ:COOP) from Outperform to Market Perform and maintains the price target from $95 to $95.
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
Keefe Bruyette downgraded Mr. Cooper Group from Outperform to Mkt Perform and set a new price target of $95.00
Deutsche Bank initiated coverage of Mr. Cooper Group with a rating of Buy and set a new price target of $88.00
UBS initiated coverage of Mr. Cooper Group with a rating of Buy and set a new price target of $80.00
8-K - Mr. Cooper Group Inc. (0000933136) (Filer)
10-Q - Mr. Cooper Group Inc. (0000933136) (Filer)
8-K - Mr. Cooper Group Inc. (0000933136) (Filer)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
SC 13G/A - Mr. Cooper Group Inc. (0000933136) (Subject)
LendingPoint, the award-winning online loan origination and servicing platform, announced the appointment of Shawn Stone, a longtime financial services executive, as the Company's new Chief Executive Officer and member of the Board. LendingPoint is a financial technology platform that provides financing solutions to a wide range of customers, including lending institutions and consumers. The company's proprietary fraud prevention, risk, and asset management algorithms are used to create financing opportunities across the credit spectrum. Mr. Stone is a senior financial services executive with more than 25 years of experience in online loan origination, loan servicing operations, credit
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of two new senior leaders. Ranjit Bhattacharjee will join the executive leadership team on May 6, 2024, as Executive Vice President and Chief Investment Officer, overseeing capital markets and correspondent lending for the company and reporting to Chairman and CEO Jay Bray. Kevin Barker assumed the role of Senior Vice President, Corporate Finance on April 22, 2024, leading the company's business finance teams and reporting to Chief Financial Officer Kurt Johnson. "Ranjit's deep knowledge of capital markets and correspondent lending and Kevin's extensive understanding of the mortgage industry will undoubtedly bring new ide
Mr. Cooper Group Inc. (NASDAQ:COOP) announced today the appointment of Mike Weinbach as President, effective February 1, 2024, with responsibility for leading the Company's operations, including Originations, Servicing and Technology. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240109408504/en/Mike Weinbach, President (Photo: Business Wire) With more than 25 years' experience in the financial services industry, Weinbach has a track record of senior leadership roles across consumer and mortgage banking. Most recently, he served as CEO of Consumer Lending for Wells Fargo and as a member of the firm's Operating Committee, respon
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
4 - Mr. Cooper Group Inc. (0000933136) (Issuer)
TRANSACTION ADDS 60 BASIS POINTS TO CET1 RATIO AND ACCELERATES TRANSITION TO A LEADING DIVERSIFIED, FULL-SERVICE REGIONAL BANK HICKSVILLE, N.Y., July 25, 2024 /PRNewswire/ -- Flagstar Bank, N.A. (the "Bank"), the bank subsidiary of New York Community Bancorp, Inc. (NYSE:NYCB) (the "Company") announced today that, it entered into a definitive agreement to sell its residential mortgage servicing business, including mortgage servicing rights and the third-party origination platform to Mr. Cooper (NASDAQ:COOP), a leading non-bank mortgage originator and servicer for approximately $1.4 billion. The transaction is expected to close during the fourth quarter of 2024.
Reported net income of $204 million including other mark-to-market of $68 million, equivalent to ROCE of 18.1% and operating ROTCE of 15.3% Book value per share and tangible book value per share increased to $71.24 and $68.67 Servicing portfolio grew 37% y/y to $1,206 billion Repurchased 0.3 million shares of common stock for $24 million. Board of directors approved additional $200 million for stock repurchase, bringing total authorization to approximately $270 million Announced acquisition of Flagstar's mortgage operations, including MSRs and subservicing contracts totaling approximately $356 billion in unpaid principal balance (UPB), for $1.4 billion in cash Mr. Cooper Gro
Mr. Cooper Group Inc. (NASDAQ:COOP) will discuss its financial results for the second quarter 2024 on July 25, 2024 at 10:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group's website, www.mrcoopergroup.com. Pre-registration for the call is now open by following the registration link here. Participants will receive a toll-free dial-in number and a unique registrant ID to be used for immediate call access. A simultaneous audio webcast of the conference call will be available under the investors section on www.mrcoopergroup.com. A replay of the audio webcast will also be available approx