$UWMC

21 stories mentioning UWMC

Every FINWIRES story that references UWMC, newest first.

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher late Monday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 0.7%.The Philadelphia Housing Index was adding 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.9%.Bitcoin (BTC-USD) was increasing 1.3% to $66,541, and the yield for 10-year US Treasuries was down 1.8 basis points at 4.469%.In economic news, US industrial production increased less than estimated in May as nondurable manufacturing fell, while mining output increased, Federal Reserve data showed Monday. Industrial output inched up 0.1% last month following a 0.9% rise in April, the Fed said. The consensus was for a 0.3% increase in a survey compiled by Bloomberg.US homebuilder confidence declined this month as rising material costs and high mortgage rates stoked affordability concerns, the National Association of Home Builders and Wells Fargo said Monday. The housing market index, which covers new single-family homes, fell two points sequentially to 35 in June, compared to a 37 reading in a survey compiled by Bloomberg.In corporate news, Payoneer (PAYO) agreed to be acquired by Canada's Nuvei in an all-cash deal valued at about $2.75 billion. Payoneer shares gained 4.2%.eToro (ETOR) is pursuing acquisitions and considering an expansion into payments and banking services as the online trading platform looks to diversify its business, the Financial Times reported, citing CEO Yoni Assia. eToro shares rose 3.7%.Truist Financial (TFC) on Monday named Michael P. Lyons as its next president and chief executive officer, starting Sept. 1. Lyons, who most recently served as CEO of Fiserv (FISV), will succeed Bill Rogers at Truist. Rogers will become executive chair on Lyons' start date, Truist said. Truist shares were down 5.6%, and Fiserv fell past 10%.UWM (UWMC) said Monday that the board of Two Harbors Investment (TWO) has only been "pretending" to engage over its proposed takeover offer to convince shareholders their only option is to accept an "inferior" deal with CrossCountry Mortgage. UWM shares were down 1.1%, and Two Harbors shed 0.9%.

$ETOR$FISV$PAYO$TFC$TWO$UWMC

Sectors1h ago

Sector Update: Financial

$TWO$UWMC

Wire4h ago

Two Harbors 'Only Pretending' to Engage With UWM Over Proposed Takeover, UWM Says

UWM Holdings (UWMC) said Monday that the board of Two Harbors Investment (TWO) has only been "pretending" to engage over its proposed takeover offer to convince shareholders their only option is to accept an "inferior" deal with CrossCountry Mortgage.Two Harbors last week postponed a special shareholder meeting on the CrossCountry Mortgage transaction to June 23 to allow for more engagement with UWM. UWM said, however, that Two Harbors has "mischaracterized" those discussions and imposed "arbitrary" restrictions on UWM's negotiation.UWM said it remains open to engage with Two Harbors in "good-faith" discussions.Two Harbors said Monday that UWM did not submit a new proposal during the waiver period which ended on Friday and that it was reaffirming its recommendation that stockholders vote for the CrossCountry Mortgage acquisition.UWM was 3% higher in Monday trading, while Two Harbors was 0.9% lower.Price: $2.45, Change: $+0.07, Percent Change: +2.73%

$TWO$UWMC

Sectors18d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index eased 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) shed 0.4%.Bitcoin (BTC-USD) was falling 1.3% to $73,401, and the yield for 10-year US Treasuries decreased 2.6 basis points to 4.455%.In economic news, on a month-on-month basis, the personal consumption expenditures, or PCE, price index slowed to 0.4% in April from 0.7% in the previous month, Bureau of Economic Analysis data showed Thursday. The Street expected 0.5%. The core PCE price index, which excludes the more volatile food and energy and is the Fed's preferred inflation gauge, grew by 0.2% versus March's 0.3%, also the consensus for April.US economic growth, as measured by gross domestic product, rose by 1.6% in Q1, revised lower from a 2.0% increase in the advance estimate. No revision was expected in a survey compiled by Bloomberg. GDP rose by 0.5% in Q4.New orders for US durable goods rose by 7.9% in April following a 1.3% increase in March, beating the 4.0% gain forecast in a survey compiled by Bloomberg.In sector news, Grayscale has paused its IPO preparations due to unfavorable market conditions and is unlikely to resume the process before Q4, CoinDesk reported. The crypto asset manager filed confidentially for a US IPO last November, the report said.In corporate news, Robinhood (HOOD) shares jumped past 10% after it said the official Trump Accounts app is now available for download ahead of the tax-advantaged investment accounts' July 4 launch. Eligible US children born from 2025 to 2028 will qualify for a $1,000 initial contribution from the Treasury Department, the company said Thursday.UWM (UWMC) said Thursday it urged Two Harbors Investment (TWO) stockholders to vote against the proposed CrossCountry Mortgage merger following the second adjournment of Two Harbors' special meeting to vote on the transaction. UWM shares rose 1.4%, and Two Harbors was down 0.6%.MetLife (MET) and Ares Management (ARES) are at odds over restructuring of Eagle Football Group's debt, Bloomberg reported. Ares, which has provided more than $400 million in financing to Eagle Football, is trying loan restructuring while MetLife is being told to wait longer to get paid back, the report said. MetLife shares were down 1.5%, and Ares shed 0.3%.Apollo Global Management (APO) and other investment firms, including Angelo Gordon and Oaktree Capital, are facing a lawsuit from a rival creditor group alleging they planned illicit financing deals to take collateral from chemical manufacturer Trinseo, The Wall Street Journal reported. Apollo shares were down 1.8%.

$APO$ARES$HOOD$MET$TWO$UWMC

Sectors18d ago

Sector Update: Financial

$TWO$UWMC

Wire18d ago

UWM Urges Two Harbors Shareholders to Oppose CrossCountry Deal After Second Adjournment

UWM (UWMC) said Thursday it urged Two Harbors Investment (TWO) stockholders to vote against the proposed CrossCountry Mortgage merger following the second adjournment of Two Harbors' special meeting to vote on the transaction.UWM also reiterated its competing proposal of $12.50 per share in cash or 2.3328 shares of UWM stock, arguing it provides superior value to the CrossCountry deal, according to a statement.The company said the repeated adjournments reflect what it views as continued resistance by the Two Harbors board to engage on its offer and reiterated its view that the CrossCountry transaction is inferior.UWM continues to recommend that stockholders vote against the CrossCountry merger and related proposals, according to the statement.Two Harbors did not immediately respond to a request for comment from.Price: $3.18, Change: $+0.07, Percent Change: +2.42%

$TWO$UWMC

Sectors28d ago

Sector Update: Financial Stocks Higher Monday Afternoon

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index rising 1% and the State Street Financial Select Sector SPDR ETF (XLF) ahead 1.2%.The Philadelphia Housing Index was climbing 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.8%.Bitcoin (BTC-USD) was declining 1.1% to $76,579, and the yield for 10-year US Treasuries was slightly higher at 4.599%.In sector news, President Donald Trump will swear Kevin Warsh in as Federal Reserve chair on Friday during a ceremony, Bloomberg reported.In corporate news, UWM (UWMC) on Monday urged all Two Harbors Investment (TWO) shareholders to vote against the CrossCountry Mortgage merger proposal at a special meeting to be held at 10 a.m. on Tuesday. UWM shares were down 0.7%, and Two Harbors was shedding 1%.BlackRock (BLK) is considering a $5 billion to $10 billion investment in SpaceX's planned initial public offering, The Information reported. BlackRock shares added 0.5%.Citigroup (C) and BlackRock's HPS Investment Partners are launching a 15 billion euro ($17.48 billion) private capital program to expand access to private financing for corporate and sponsor-owned borrowers in the Europe, the Middle East and Africa region, the companies said Monday. Citi shares were down 0.6%.

$BLK$C$TWO$UWMC

Sectors28d ago

Sector Update: Financial

$UWMC

Wire28d ago

UWM Urges Two Harbors Shareholders to Vote Down CrossCountry Merger Proposal

UWM (UWMC) on Monday urged all Two Harbors Investment (TWO) shareholders to vote against the CrossCountry Mortgage merger proposal at the special meeting to be held at 10 a.m. on Tuesday."UWMC's proposal offers stockholders $12.50 per share, while preserving the ability to elect to receive 2.3328 shares in UWMC stock for those stockholders that want stock consideration," UWM said in a statement. "Despite TWO's various contorted, hollow and misleading arguments, $12.50 is more than $12.00, adjusted for the interim period dividend."Two Harbors didn't immediately reply to a request for comment from.Price: $3.04, Change: $+0.04, Percent Change: +1.17%

$TWO$UWMC

Wire28d ago

UWM Holdings Urges Two Harbors Shareholders to Vote Down CrossCountry Merger

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Sectors33d ago

Sector Update: Financial Stocks Fall Wednesday

Financial stocks fell Wednesday with the NYSE Financial Index dropping 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 1.1%.The Philadelphia Housing Index declined 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) lost 0.8%.Bitcoin (BTC-USD) fell 1.2% to $79,517, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.48%.In economic news, the US producer price index for April rose 1.4%, the fastest pace in four years, after a 0.7% gain in March, according to the Bureau of Labor Statistics. The increase topped the 0.5% gain expected in a Bloomberg poll.In corporate news, Two Harbors Investment (TWO) said its board rejected a revised unsolicited takeover proposal from UWM (UWMC), saying the bid was inferior to its existing merger agreement with CrossCountry Mortgage. Two Harbors shares fell 1.1%, and UWM dropped 4.3%.Wells Fargo (WFC) shares fell 2.2%. The company is marketing investment-grade bonds in as many as three parts, with maturities between three and six years, Bloomberg reported.Blackstone (BX) has withdrawn from talks for a proposed $4 billion deal involving New World Development after negotiations broke down over control of the company, Bloomberg reported. Blackstone shares fell 2.3%.JPMorgan Chase (JPM) reshuffled leadership in its investment-banking unit amid a rebound in global dealmaking activity, according to media reports. JPMorgan shares fell 1.5%.

$BX$JPM$TWO$UWMC$WFC

Sectors33d ago

Sector Update: Financial

Financial stocks were lower in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.9%.The Philadelphia Housing Index was falling 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.Bitcoin (BTC-USD) was declining 1.2% to $79,517, and the yield for 10-year US Treasuries rose 1.8 basis points to 4.48%.In corporate news, Two Harbors Investment (TWO) said Wednesday its board rejected a revised unsolicited takeover proposal from UWM (UWMC), saying that it is inferior to its existing merger agreement with CrossCountry Mortgage. Two Harbors shares fell 1%, and UWM dropped 3.9%.

$TWO$UWMC

Insider Trading38d ago

Uwm Holdings Insider Sold Shares Worth $6,802,598, According to a Recent SEC Filing

Ishbia Mat, 10% Owner, Director, President and CEO, on May 07, 2026, sold 2,006,666 shares in Uwm Holdings (UWMC) for $6,802,598. Following the Form 4 filing with the SEC, Mat has control over a total of 408,131 Class A common shares of the company, with 408,131 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783398/000184179426000073/xslF345X05/wk-form4_1778273368.xml

$UWMC

Sectors45d ago

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were softer in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each down about 0.2%.The Philadelphia Housing Index was shedding 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%Bitcoin (BTC-USD) advanced 2.8% to $78,463, and the yield for 10-year US Treasuries decreased 1.2 basis points to 4.378%.In economic news, the S&P Global US manufacturing index for April was revised slightly upwards to 54.5 from the flash reading of 54.0, compared with expectations for a no revision in a survey compiled by Bloomberg.The Institute for Supply Management's US manufacturing index was unchanged in April from the 52.7 reading in March, below the expectations for a 53.2 reading in a survey compiled by Bloomberg.In regulatory news, the US Securities and Exchange Commission's proposal to let public companies report results twice a year instead of every quarter has passed a White House review, according to an Office of Management and Budget document.In sector news, Opay Digital Services has hired Citigroup (C), Deutsche Bank (DB), and JPMorgan (JPM) as the Nigerian payments platform prepares for an initial public offering in the US, Bloomberg reported.In corporate news, BayFirst Financial (BAFN) shares fell past 25% after it reported late Thursday a wider Q1 loss and lower revenue.UWM (UWMC) is urging Two Harbors Investment's (TWO) shareholders to press the board to accept its $12-per-share acquisition bid, up from prior $11.30 offer, according to an open letter Thursday. Two Harbors shares jumped past 8%, and UWM rose 3.5%.Cboe Global Markets (CBOE) shares were up more than 8% after the company posted higher Q1 adjusted earnings and revenue.Aon (AON) reported Q1 adjusted earnings Friday of $6.48 per diluted share, up from $5.67 a year earlier. Analysts polled by FactSet expected $6.37. Aon shares were 0.3% higher.

$AON$BAFN$CBOE$TWO$UWMC

Sectors45d ago

Sector Update: Financial Stocks Mixed Friday Afternoon

Financial stocks were mixed in Friday afternoon trading, with the NYSE Financial Index down 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.3%.The Philadelphia Housing Index was shedding 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.2%Bitcoin (BTC-USD) advanced 2.5% to $78,207, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.37%.In economic news, the S&P Global US manufacturing index for April was revised slightly upwards to 54.5 from the flash reading of 54.0, compared with expectations for a no revision in a survey compiled by Bloomberg.The Institute for Supply Management's US manufacturing index was unchanged in April from the 52.7 reading in March, below the expectations for a 53.2 reading in a survey compiled by Bloomberg.In corporate news, UWM (UWMC) is urging Two Harbors Investment's (TWO) shareholders to press the board to accept its sweetened $12-per-share acquisition bid, up from the prior $11.30 offer, according to an open letter Thursday. Two Harbors shares jumped past 7% in Friday trading, and UWM rose 2.1%.Cboe Global Markets (CBOE) shares were up more than 7% after the company posted higher Q1 adjusted earnings and revenue.Aon (AON) reported Q1 adjusted earnings Friday of $6.48 per diluted share, up from $5.67 a year earlier. Analysts polled by FactSet expected $6.37. Aon shares rose 1%.

$AON$CBOE$TWO$UWMC

Sectors45d ago

Sector Update: Financial

$TWO$UWMC

Insider Trading47d ago

Uwm Holdings Insider Sold Shares Worth $7,113,126, According to a Recent SEC Filing

Ishbia Mat, 10% Owner, Director, President, and CEO, on April 28, 2026, sold 1,987,218 shares in Uwm Holdings (UWMC) for $7,113,126. Following the Form 4 filing with the SEC, Mat has control over a total of 3,739,864 Class A common shares of the company, with 408,131 shares held directly and 3,331,733 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783398/000184179426000067/xslF345X05/wk-form4_1777496060.xml

$UWMC

Insider Trading48d ago

UWM Holdings Insider Sold Shares Worth $11,186,417, According to a Recent SEC Filing

Ishbia Mat, 10% Owner, Director, President and Chief Executive Officer, on April 23, 2026, sold 3,001,722 shares in UWM Holdings (UWMC) for $11,186,417. Following the Form 4 filing with the SEC, Mat has control over a total of 5,727,082 Class A common shares of the company, with 408,131 shares held directly and 5,318,951 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783398/000184179426000065/xslF345X05/wk-form4_1777334899.xml

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Research52d ago

Stephens Initiates Coverage on UWM Holdings With Equal Weight Rating, $4 Price Target

UWM Holdings (UWMC) has an average rating of Hold and mean price target of $6.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$UWMC

Insider Trading53d ago

Uwm Holdings Insider Sold Shares Worth $7,524,316, According to a Recent SEC Filing

Ishbia Mat, 10% Owner, Director, President, and CEO, on April 21, 2026, sold 2,001,148 shares in Uwm Holdings (UWMC) for $7,524,316. Following the Form 4 filing with the SEC, Mat has control over a total of 8,728,804 Class A common shares of the company, with 408,131 shares held directly and 8,320,673 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1783398/000184179426000062/xslF345X05/wk-form4_1776891575.xml

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