PennyMac Soars: Q3 Earnings and Stock Surge

PennyMac stock leaps after crushing Q3 earnings! Shares surged over 5% as revenue beat expectations by 10% and profit more than doubled year-over-year. Is this steady stock finally ready to soar? Find out how rate cut hints and impressive growth are fueling PennyMac's rise to a 52-week high and delivering big returns for investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.