LendingTree, Inc. - Common Stock (TREE)

Its quarterly revenue nearly doubled to $261.5 million and exceeded Wall Street’s expectations of $238.12 million.

As the regular session of the US market on Wednesday comes to an end, let's delve into the after-hours session and discover the top gainers and losers shaping the post-market sentiment.

LendingTree releass its fourth-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report.

The three major indices were mostly flat in midday trading Wednesday with the S&P 500 and Nasdaq slightly under the flatline and the Dow Jones up 39 points. 

Over half, 56%, of Americans say they plan to host guests for Thanksgiving this year. With costs rising 19% from last year, consumers are feeling the pinch.

EQNX::TICKER_START (NYSEPAPL),NASDAQ:NRDSNASDAQNRDS)(NYSE:LCNYSELC,(OTCQB:FMCC),(NASDAQ:TREENASDAQ) EQNX::TICKER_END

PALM BEACH, Fla. , Nov. 14, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The Global Mortgage Lender Market is expected to grow at a substantial rate for years to come. A mortgage lender refers to a financial institution or company that provides loans for purchasing or refinancing real estate properties. A mortgage lender allows individuals or businesses to borrow funds to acquire residential or commercial properties. The main type of mortgage lenders is residential and commercial estate. Residential refers to properties or locations that are primarily utilized for housing or living. The various providers are banks, credit unions, and mortgage brokers, with various mortgage rates, including fixed-rate and adjustable-rate, and various repayment periods, including short-term and long-term. These are used in various applications such as new houses and second-hand houses. A report from The Business Research Company said that: "The mortgage lender market size has grown rapidly in recent years. It grew from $1024.5 billion in 2023 to $1158.58 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to increased interest rates, increased costs of living, increased per capita income, population growth, credit market tightening." Active fintech/lending companies in the markets this week include: Pineapple Financial Inc. (NYSE American: PAPL), NerdWallet, Inc. (NASDAQNRDS), LendingClub Corporation NYSE: LCNYSELC)(NASDAQ: TREENASDAQTREE.

30-year fixed mortgage rate drops to lowest point in 2 years as anticipation of Fed rate decrease grows - refinance applications up 24%.

Cutting interest rates may help when it comes to savings, and CDs; And mortgage rates may drop, but not by much.

Mortgage applications increased by 1.4% while rates decreased to the lowest point in 18 months, according to the MBA.

Stocks with raised price targets analyzed by JPMorgan offer a strategic edge in navigating 2024's economic shifts for robust gains.

The Fed is all but guaranteeing upcoming interest rate cuts. If the monetary framework goes dovish, these are the stocks to buy.

TREE stock results show that LendingTree beat analyst estimates for earnings per share and beat on revenue for the second quarter of 2024.

Momentum investors look to ride bullish trends where buyers are in control. The strategy has been particularly rewarding in 2024 amid the market's strong showing thanks to a resilient economy.

With small-caps regaining some much-needed life, let’s take a closer look at a few top-ranked stocks that could join in on the momentum.

Almost all of AT&T's customers, along with many others, were affected by the gigantic AT&T data breach that occurred in 2022. 

LendingTree shares are trading lower after the bell on Thursday following a report that hackers are now selling stolen consumer data from the company's subsidiary QuoteWizard.