Rocket rebounds to 2nd-quarter profit from spring home sales
The results more than doubled from a year ago as interest rates steadied and positive economic growth and a strong labor market encouraged buyers.
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The results more than doubled from a year ago as interest rates steadied and positive economic growth and a strong labor market encouraged buyers.
The publicly traded parent company of Rocket Mortgage had experienced a major decline in business when mortgage rates started climbing in early 2022.
Rocket Companies appointed Varun Krishna, a veteran in the financial technology world who held executive positions at Intuit and PayPal, as its new CEO. Bob Walters also announced his retirement.
Rocket Companies, Inc (NYSE: RKT) shares traded higher Monday after selecting Varun Krishna as the CEO, effective September 5, 2023. Krishna will succeed Bill Emerson, who has served as interim CEO since June. Emerson will continue in his interim role until Krishna joins the company and will remain on the Rocket Companies Board while working with Krishna to ensure a smooth leadership transition. Krishna has over 20 years of experience building consumer platform strategies for leading global fint
Varun Krishna of Intuit will start the CEO job Sept. 5 as the permanent replacement for Jay Farner, who retired in June.