$RKT

Rocket Companies’ Q2 update says Redfin integration increased mortgage leads more than 2x YoY, with a 47% mortgage attach rate at Redfin agents. AI initiatives raised clients served per officer 40% and improved conversions. Rocket completed a servicing platform migration and reported $100M annualized expense synergies this quarter, targeting $400M by year-end. Housing outlook remains pressured by high rates.

Rocket Companies (RKT) shares fell about 10% after Q2 results and guidance. The company reported adjusted EPS of $0.16 and revenue of $2.78B. Q3 revenue guidance was $2.50B to $2.70B. Analysts including BofA, Benchmark, and Wells Fargo cut price targets citing higher 10-year yields and weaker mortgage demand.

Southwest Airlines said on Aug. 10, 2026 that Jason Liberty, CEO of Royal Caribbean Group, joined its board effective immediately. Varun Krishna, CEO of Rocket Companies, also joined. The article links the move to Southwest’s recent policy and fee changes and cites Royal Caribbean’s 2Q 2026 results, including 6% revenue growth and $4.21 adjusted EPS.

A federal court case, Dobronski v. Rocket Mortgage (E.D. Mich., Aug. 10, 2026), involves alleged TCPA calls and texts. Rocket Mortgage said a website inquiry tied to Dobronski’s number included arbitration consent. Dobronski submitted a sworn declaration denying he or anyone acting for him entered the form. The court held the FAA requires deciding arbitration formation first and ordered targeted discovery on that issue.

New Zealand shares fell 0.2% as investors cited softer US markets, ongoing geopolitical tensions, and firmer oil leaving the market without direction. Rocket Lab dropped 7.27% after-hours despite record Q2 revenue of US$234m (+62%) and a higher US$2.36b backlog. Brent rose to US$87.90. Local movers included Mercury, Vector, and PGG Wrightson.

Analysts and Fitch reviewed nonbank mortgage firms as higher rates pressure origination volumes. Keefe cut Rocket Mortgage rival UWM’s price target to $19. BTIG lowered Better’s 2026-2028 EPS forecasts. Fitch downgraded UWM’s rating to B+ and flagged leverage rising to 6.1x, but kept a stable outlook.

ASX futures point to a 0.4% higher open after Wall Street hit record highs and gold and oil strengthened. The S&P/ASX 200 ended Friday at 9,263.6, with banks down and gold miners up. RBA meets Tuesday. CAR Group, Commonwealth Bank (CBA) and Seek report this week. US nonfarm payrolls fell 23,000; gold settled about $4,400/oz.

Rocket Companies reported Q2 share gains, with purchase market share up 13% and refinance share up 17% versus Q4 2025. Direct-to-consumer purchase volume rose 45% YoY. Management cited Redfin and AI initiatives, $100M annualized MSR expense synergies realized and $11.2B liquidity. Q3 adjusted revenue guidance is $2.5B to $2.7B.

Rocket Companies (RKT) shares closed at $13.72 on Friday, up 3.8% on the day and 6.4% for the week. Rocket sold mortgage servicing rights tied to $53B unpaid principal balance, generating $795M cash and boosting liquidity to $11.2B. Q2 revenue rose to $2.784B, GAAP EPS $0.08, and adjusted EBITDA margin to 27.7%.

Rocket Companies (RKT) shares rose about 4%. In Q2, the company reported adjusted revenue of about $2.8b and adjusted diluted EPS of $0.16, with net income of $230m. Adjusted EBITDA margin was 28%. The article cites management claims of over 70% recurring or less rate sensitive revenue, but notes housing headwinds, a lower gain on sale margin, and a missed 10-Q.