Rocket Companies (RKT) Stock Soars after $14B Mortgage Mega-Merger and Earnings Beat – What’s Next?
Rocket Companies closed its $14.2 billion all-stock acquisition of Mr. Cooper Group on Oct. 1, the largest mortgage deal on record. Shares traded near $16 on Oct. 30, up about 80% year-to-date despite recent volatility. Q3 earnings beat estimates, with adjusted EPS of $0.07 and revenue of $1.78 billion. The company also agreed to buy Redfin for $1.75 billion earlier in 2025.