PennyMac Financial (PFSI) Stock Moves -1.15%: What You Should Know

PennyMac Financial (PFSI) Stock Moves -1.15%: What You Should Know

PennyMac Financial (NYSE:PFSI) closed the most recent trading day at $42.25, moving -1.15% from the previous trading session. This change was narrower than the S&P 500’s 2.42% loss on the day. At the same time, the Dow lost 2.84%, and the tech-heavy Nasdaq lost 2.59%.

Coming into today, shares of the mortgage banking and investment management company had gained 27.85% in the past month. In that same time, the Finance sector gained 7.85%, while the S&P 500 gained 4.5%.

Wall Street will be looking for positivity from PFSI as it approaches its next earnings report date. In that report, analysts expect PFSI to post earnings of $3.08 per share. This would mark year-over-year growth of 234.78%. Meanwhile, our latest consensus estimate is calling for revenue of $679.65 million, up 124.32% from the prior-year quarter. Read more…………..

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Yahoo Finance’s Alexis Christoforous and Brian Sozzi discuss what’s moving the markets Friday with Jeffrey Kleintop, Charles Schwab Chief Global Investment Strategist.