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RidgeHavenCapital
Oct 18, 2019 3:05 PM

PFSI Broke out of Tight Trading Range Long

PennyMac Financial Services, Inc.NYSE

Description

The break-out coincided by a note from Piper Jaffray about outperformance among Mortgage Originators. This was followed by decent performance by major Wall Street banks this week in their earnings reports. Many showed 30% Q over Q growth in either mortgage revenues or origination volume.
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