Stock of the Day

October 26, 2023

Mr. Cooper Group (COOP)

$210.79
$0.00 (0.0%)
Market Cap: $13.49B

About Mr. Cooper Group

Mr. Cooper Group Inc., together with its subsidiaries, operates as a non-bank servicer of residential mortgage loans in the United States. The company operates through Servicing and Originations segments. The Servicing segment performs activities on behalf of investors or owners of the underlying mortgages and mortgage servicing rights, including collecting and disbursing borrower payments, investor reporting, customer service, modifying loans, performing collections, foreclosures, and the sale of real estate owned. The Originations segment originates residential mortgage loans through its direct-to-consumer and correspondent channels. The company provides its services under the Mr. Cooper and Xome brands. The company was formerly known as WMIH Corp. and changed its name to Mr. Cooper Group Inc. in October 2018. Mr. Cooper Group Inc. was incorporated in 2015 and is based in Coppell, Texas.

Today's Trend

Mr. Cooper Group Inc (NASDAQ: COOP) shares have been reacting to a mix of earnings results, investor activity, and legal developments.

  • Profit grew as Mr. Cooper deepened its servicing business ahead of the Rocket deal, boosting investor confidence. Article Title
  • Traders bought an unusually large volume of call options on COOP, signaling bullish expectations. Article Title
  • COOP reported Q2 results roughly in line with consensus forecasts, keeping guidance steady. Article Title
  • Published Q2 earnings call transcript provides deeper detail on CFO comments and segment performance. Article Title
  • Mr. Cooper Group filed detailed Q2 financial results, including metrics on origination and servicing. Article Title
  • Analysts note minimal short-interest change, suggesting no major shift in bearish bets on COOP. (0 days to cover based on average volume)
  • Yahoo Finance highlights key drivers for today's uptick in COOP shares. Article Title
  • Investors advanced a class action against COOP over its 2023 data breach, raising potential legal costs. Article Title
  • Q2 earnings and revenues fell short of expectations as expenses climbed, pressuring margins. Article Title
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