JPMorgan Chase & Co. Boosts Position in Rithm Capital Corp. $RITM

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JPMorgan Chase & Co. has increased its stake in Rithm Capital Corp. ($RITM) by 8.6% in the third quarter, bringing its total holdings to 1,536,981 shares valued at approximately $17.5 million. The company’s recent earnings beat analyst estimates, reporting $0.74 EPS against an expected $0.55, and declared a quarterly dividend of $0.25, representing an attractive 10.9% yield. Analysts currently have an average “Moderate Buy” rating for Rithm Capital, with an average price target of $14.50.

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