- Rocket Companies is the largest player in the mortgage realm, which has taken the lead in the market through its innovative tech-based approach.
- The current macroeconomic climate threatens to bring mortgage financiers to their knees and has not left industry giants immune.
- RKT took a heavy hit in the recent quarterly earnings, in terms of its loan origination, net profit, and adjusted EBITDA.
- Despite the poor performance, valuation metrics still show positivity amongst the market in relation to RKT.
For further details see:
Hold: Rocket Companies Is Far From Its Doomsday