Rocket Companies CEO Jay Farner Talks Long-Term Goals After Q4 Beat

Start generating passive income through real estate.

Own a piece of your favorite cities through diversified real estate investments in the country's top markets

*Terms and conditions apply. Visit Nada's website for more details.

Rocket Companies, Inc. RKT CEO Jay Farner discussed the Detroit-based company's long-term plans on CNBC's "Squawk On The Street" Friday. 

The mortgage company's stock is rallying following a fourth-quarter earnings beat on Thursday

Farner, after being asked what a rise in interest rates means for the company, said interest rates will not impact the company in the future due to its business model. 

Acquisitions and partnerships are a longer-term goal for Rocket, the CEO said, adding that partnerships with Morgan Stanley MS and E*Trade clients will be very beneficial for Rocket in the future.

Farner also mentioned a special dividend that was announced Thursday and said it's the right move to return to the shareholders while there are no acquisitions in process for the company.

Rocket Companies' stock was up 11.56% to $22.20 at last check Friday. The company has a 52-week high of $34.42 and a 52-week low of $17.50.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsManagementMoversMediaTrading IdeasReal EstateCNBCJay FarnerMortgages
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!