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NASDAQ:PFSI 2 February 2026

PennyMac Financial Services stock slides again as KBW cuts target and MSR runoff stays in focus

PennyMac Financial Services stock slides again as KBW cuts target and MSR runoff stays in focus

PennyMac Financial (PFSI) fell 5.3% to $94.58 Monday after KBW cut its price target to $115 from $143, citing concerns over faster mortgage prepayments and servicing rights runoff. The stock has dropped 38% since Jan. 29. Fourth-quarter net income was $106.8 million, with servicing segment pretax income plunging to $37.3 million. A law firm has launched a probe into the late-January share plunge.
2 February 2026
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Stock Market Today

  • India Shares Set to Open Higher Amid Cautious Recovery and Market Uncertainty
    March 17, 2026, 11:25 PM EDT. India's stock benchmarks, including the Nifty 50 and BSE Sensex, are set to open slightly higher on Wednesday, continuing a cautious recovery after last week's sharp fall linked to Middle East tensions and oil prices above $100 a barrel. The Nifty 50 futures indicated a modest rise from Tuesday's close. Analysts see bargain buying but expect range-bound markets until clarity emerges on the geopolitical conflict, oil price impacts, inflation, and corporate earnings. Key influences include crude oil movements, global cues, and currency trends. Reliance Industries remains a focal point after news of a potential IPO filing for Jio Platforms this month. Investors also await the U.S. Federal Reserve's rate decision later Wednesday amid inflation concerns. Positive earnings and bids from companies like Clean Max Enviro, Ceigall India, and Tata Steel add to mixed market sentiment.
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