Rocket Companies Announces Third Quarter Results
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Rocket Companies (RKT) Tops Q3 EPS by 12c
November 10, 2020 4:12 PM ESTRocket Companies (NYSE: RKT) reported Q3 EPS of $1.21, $0.12 better than the analyst estimate of $1.09.
Third Quarter Highlights During the third quarter of 2020, Rocket Companies:
Generated record closed loan origination volume of $89.0 billion and net rate lock volume of $94.7 billion, which represented year-over-year improvements of 122% and 101%, respectively.Increased gain on sale margin by 37% year-over-year to a historically strong 4.52%.Continued to leverage our approximately 2,900 technology team members and more than $500 million annual investment in the Company's technology2 to further innovate, increase monthly loan production capacity, and enhance... More