PennyMac Financial Services (PFSI) Reports Weaker Q3 Earnings, Is The 14% Undervaluation Still Convincing?
PennyMac Financial Services (PFSI) is in focus after third quarter earnings showed net income of US$29 million and sharply lower earnings per share compared with the same period last year. The mixed reaction is reflected in the chart. Despite a 9.5% one-month share price return and a 4.2% gain over the past week, PennyMac Financial…