PennyMac Financial Services, Inc. Common Stock (PFSI)

PFSI stock results show that PennyMac Financial Servs beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.

US-listed mortgage lenders are rising as regulators allow Freddie Mac to buy second mortgages, potentially reducing the cost of borrowing against home equity.

PFSI stock results show that PennyMac Financial Servs beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.

Janet Yellen says the U.S. financial system is overall sound and well-capitalized.

Companies Reporting Before The Bell • ING Groep (NYSE:ING) is expected to report earnings for its fourth quarter. • Shell (NYSE:SHEL) is likely to report quarterly earnings at $1.81 per share on revenue of $75.66 billion.

The Nasdaq 100 closed lower on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Companies Reporting Before The Bell • Cazoo Gr (NYSE:CZOO) is expected to report earnings for its first quarter.

Mortgage servicing offset the declines in mortgage origination.