PennyMac's Q3 Surprise: A Bright Spot or a False Dawn?
Update: 2025-10-21
Description
PennyMac Mortgage Investment Trust stuns Wall Street with a 23% revenue surge and a massive earnings beat, defying a five-year revenue decline. But beneath the surface, a dip in tangible book value raises concerns about long-term value, even as investors celebrate the stock's immediate jump. Is this a turning point or a temporary spike?
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