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Rocket Reports A Quarterly $1 Billion Profit

Detroit-based Rocket Companies generated $1 billion in their first quarter earnings and CEO Jay Garner said theyโ€™re in the market to purchase another player in the mortgage industry. Kevin Barker, a Piper Sandler analyst, asked Garner that given that Rocket is flush with cash โ€“ just over $2.3 billion โ€“ if he would consider deploying those funds to make a strategic acquisition to increase the capacity to garner more purchase originations.
United States Patrick Flanagan Jay Garner Kevin Barker Piper Sandler Rocket Companies

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