Winners And Losers Of Q2: Flagstar Financial (NYSE:FLG) Vs The Rest Of The Thrifts & Mortgage Finance Stocks
Flagstar Financial (NYSE:FLG) reported Q2 revenues of $512M, up 3.2% YoY but missing estimates by 5.8%. The stock fell 6.3% post-earnings. Ellington Financial (NYSE:EFC) beat expectations with $123.1M in revenue, up 33.1% YoY, and its stock rose 3.6%. Rocket Companies (NYSE:RKT) reported $2.76B in revenue, up 92.9% YoY but missing estimates by 2.7%, with its stock up 5.9%. The thrifts & mortgage finance sector saw a 3.4% revenue miss and a 2.3% average stock decline.



