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Rocket Companies Could See Major Upside With Rate Cuts Approaching: Analyst

Rocket Companies, Inc. (NYSE:RKT) is emerging as a major potential winner from falling mortgage rates, with its strong refinancing share and recent acquisitions setting the stage for growth in both volumes and profitability. The company’s pending purchase of Mr. Cooper and its newly closed Redfin deal promise hundreds of millions in synergies, while an expected wave of refinancing could accelerate earnings momentum as U.S. rate cuts approach. Bank of America Securities (BofA) analyst Mihir Bhatia upgraded ...