Previous close | 1.9000 |
Open | 1.9000 |
Bid | 1.2000 |
Ask | 1.3500 |
Strike | 8.00 |
Expiry date | 2024-11-15 |
Day's range | 1.9000 - 1.9000 |
Contract range | N/A |
Volume | |
Open interest | 2 |
The headline numbers for UWM (UWMC) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
UWM (UWMC) delivered earnings and revenue surprises of -100% and 22.13%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
PONTIAC, Mich., May 09, 2024--UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced its results for the first quarter ended March 31, 2024. Total loan origination volume for the first quarter 2024 was $27.6 billion, of which $22.1 billion was purchase volume. The Company reported 1Q24 net income of $180.5 million, inclusive of a $15.6 million decline in the fair value of MSRs, and diluted earnings per shar