Why Shares of Mr. Cooper Group Rose Today

Despite a volatile and ultimately tough day for markets, shares of mortgage servicer Mr. Cooper Group (NASDAQ: COOP) jumped more than 19% today after the company reported earnings results for the fourth quarter of 2021 and announced a new partnership.

Mr. Cooper Group reported earnings per share of $2.01 in the fourth quarter on revenue of $625 million, easily topping analyst estimates. Unpaid principal balances in the company's servicing portfolio in the quarter grew to $710 billion, up 17% year over year.

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Source Fool.com