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PennyMac Mortgage Investment Trust - $PMT STOCK NEWS

Welcome to our dedicated page for PennyMac Mortgage Investment Trust news (Ticker: $PMT), a resource for investors and traders seeking the latest updates and insights on PennyMac Mortgage Investment Trust stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect PennyMac Mortgage Investment Trust's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of PennyMac Mortgage Investment Trust's position in the market.

Rhea-AI Summary
PennyMac Mortgage Investment Trust (PMT) reported net income of $51.0 million for Q3 2023, with strong performance across all segments. Book value per common share increased to $16.01. PMT also took steps to strengthen its balance sheet by upsizing a term loan, redeeming term notes, and issuing unsecured senior debt.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.57%
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Rhea-AI Summary
PennyMac Financial Services reported net income of $92.9 million for Q3 2023, with diluted earnings per share of $1.77. Book value per share increased to $71.56. The company declared a cash dividend of $0.20 per share. Pretax income was $126.8 million, up 74% from the previous quarter. Total loan acquisitions and originations were $25.1 billion, and the servicing portfolio grew to $589.4 billion. PennyMac Financial's strong financial performance allowed them to gain market share and generate strong returns.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.57%
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Rhea-AI Summary
PennyMac Mortgage Investment Trust to announce Q3 2023 results
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End-of-Day
-3.24%
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Rhea-AI Summary
Pennymac ranked #38 among 100 U.S. companies for outstanding employee sentiment and satisfaction.
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0.29%
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Rhea-AI Summary
PennyMac Mortgage Investment Trust prices underwritten public offering of $50,000,000 aggregate principal amount of 8.50% Senior Notes due 2028
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Rhea-AI Sentiment
End-of-Day
0.04%
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Rhea-AI Summary
PennyMac Mortgage Investment Trust announces underwritten public offering of senior notes due 2028. Proceeds to be used for various business activities including acquisition of mortgage servicing rights and repayment of other indebtedness.
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Rhea-AI Sentiment
End-of-Day
-0.68%
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Rhea-AI Summary
PennyMac Financial Services, Inc. to present at Barclays Global Financial Services Conference
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End-of-Day
-2.43%
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conferences
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Rhea-AI Summary
PennyMac Mortgage Investment Trust to present at Barclays Global Financial Services Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.43%
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conferences
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Rhea-AI Summary
PennyMac Mortgage Investment Trust declares $0.40 cash dividend per common share for Q3 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
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dividends earnings
Rhea-AI Summary
The U.K.'s Financial Conduct Authority announced the cessation of USD LIBOR for a three-month tenor after June 30, 2023. The Series A and Series B Preferred Shares will continue to accumulate dividends at their current fixed rate after March 15, 2024 and June 15, 2024 respectively, without transitioning to a floating reference rate.
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PennyMac Mortgage Investment Trust

NYSE:PMT

PMT Rankings

PMT Stock Data

1.29B
70.35M
1.21%
70.2%
2.23%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
WESTLAKE VILLAGE

About PMT

pennymac mortgage investment trust, a specialty finance company, invests primarily in mortgage-related assets in the united states. the company operates through credit sensitive strategies, interest rate sensitive strategies, and correspondent production segments. its credit sensitive strategies segment invests in credit risk transfer (crt) agreements, including firm commitment to purchase crt securities, distressed loans, real estate, and non-agency subordinated bonds. the company's interest rate sensitive strategies segment engages in investing in mortgage servicing rights, excess servicing spreads, and agency and senior non-agency mbs; and related interest rate hedging activities. its correspondent production segment engages in purchasing, pooling, and reselling newly originated prime credit residential loans directly or in the form of mortgage-backed securities (mbs). pnmac capital management, llc acts as the manager of pennymac mortgage investment trust. the company qualifies as a