Onity Group Inc. announced its Q1 2026 results showing an 18% increase in total revenue to $294 million and net income of $7 million, with diluted EPS of $0.74. Despite strong growth in revenue, originations volume, and servicing UPB, the company faced challenges from mortgage interest rate volatility, higher refinancing activity, and elevated FHA delinquencies, leading to an adjusted pre-tax loss of $6 million. Onity updated its adjusted ROE guidance to 10%-15% due to ongoing rate volatility but reaffirmed growth in servicing UPB and operational efficiency. The company is focusing on profitable growth, leveraging AI technologies, and expects to complete a reverse mortgage transaction pending regulatory approval.
During week 21 of 2026 (May 18-22), Sampo Oyj bought back a total of 1,911,568 of its own A-shares across multiple exchanges at a weighted average price of €9.21 per share. This buyback is part of a program authorized by the company's annual general ...
Jean-Marc Chery, President and CEO of STMicroelectronics, will speak at the BNP Paribas Exane CEO conference in Paris on June 2, 2026. The event will be webcast live and available for replay until June 16, 2026. STMicroelectronics is a major semicond...
GoldHaven Resources Corp. emphasizes the strategic importance of tungsten and indium at its Magno Project in northern British Columbia, as Western countries seek to reduce reliance on China for critical minerals. The district-scale project shows prom...
The PGIM Global High Yield Fund (GHY) provides investors with diversified exposure to below-investment-grade fixed income globally, including a 45% allocation to U.S. assets and over 900 holdings. It currently trades at a 7.3% discount, which is attr...
Schaeffler's stock rating is maintained at 'Hold' with a reduced price target of €4 per share due to ongoing structural and execution challenges. The company's e-mobility division continues to report significant negative EBIT margins, which offset pr...
