This year has been brutal for SoFi Technologies Inc (NASDAQ: SOFI) and other lenders, as investors grow increasingly concerned about the negative impact rising interest rates will have on lending, margins and revenue growth.
Mortgage rates are at their highest point since the Great Recession as housing affordability continues to decline, according to Freddie Mac (OTCMKTS: FMCC) data.
What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
When looking to invest in small-cap companies, it can prove to be benefical investing in small-caps that have proven profitability and willingness to conduct shareholder distributions while reinvesting in the firm.
UWM Hldgs (NYSE:UWMC) reported its Q2 earnings results on Tuesday, August 9, 2022 at 08:30 AM.
Here's what investors need to know about the announcement.
UWM Holdings (NYSE:UWMC) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.06 by 66.67 percent. This is a 42.86 percent increase over earnings of $0.07 per share from the same