In the press release of Rocket Companies (RKT), the CEO Jay Farner of RKT announced their4Q revenues that has jumped 144% to $4.78 billion. Furthermore, he mentioned about the success of the company that was due to the highly profitable and capital-light business model. Recently the Board of Directors has also approved a significant special dividend of $1.11 per share.
RKT: Following the right Pathway
Currently, consumers taste is shifting more towards digital experience. In this scenario, SKT company stated that they are better positioned than ever in order to provide its consumers more innovative, technology-driven solutions. This will make the complex transaction system even more simplified.
Additionally, the CEO of the RKT company is also looking ahead to invest in the world-class technology driven solutions that will allow them to diversify their scalable platform business model.
About RKT:
Rocket Companies (RKT) is a Detroit-based holding company that consists of personal finance and consumer service brands including Rocket Homes, Rocket Mortgage, Rocket Auto, Rocket Loans, Rock Central, Amrock, Rock Connections, Core Digital Media, Lendesk, and Edison Financial. Since 1985, Rocket Companies has been striving to help its clients to achieve the American dream of homeownership and financial freedom. Rocket Companies offers an industry-leading client experience powered by their simple, fast, and trusted digital solutions. There are almost 22,000 team members across the united states in RKT. Rocket mortgage, RKT flagship company has been named to Fortune magazine’s list of “100 Best Companies to Work For” for 17 consecutive years.
Conclusion:
When a company finds its way and comes to know about the users demand, the company then grows at a faster rate in no time. The pandemic had also a silver lining for different companies during which different companies saw tremendous growth and their users experienced high-quality products. The same happened with the RKT when they publicized their 4Q earnings that resulted into investors attention.