New Residential with first post-spinoff earnings report

|About: New Residential Investme... (NRZ)|By:, SA News Editor

New Residential (NRZ): Q2 core earnings of $0.15 in its initial quarterly report following the May 15 spinoff from Newcastle Investments (NCT).

Book value of $4.92 per share vs $3.03 at Q1's end.

Consumer loan book is now expected to provide unlevered returns of 14% vs. earlier 12% target. Charge-off rate and prepayment rate are outperforming expectations.

Earnings call at 9:30 ET. (PR)

Earlier: Newcastle earnings.