Scott Kennedy’s mREIT Earnings Series: Assessing PennyMac Mortgage’s Performance For Q2 2024
Summary
This earnings assessment article reviews PMT’s BV and net interest spread performance during Q2 2024 and compares results to expectations. Earnings remain a driver to stock performance.
PMT’s BV largely matched my/our expectations (well within range) while its net interest spread was a minor outperformance.
This mainly related to a slightly larger-…