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PennyMac Navigates Refi Surge to Post Strong 2025, Eyes Efficiency Gains Amid Competitive Market

PennyMac Financial Services capped a robust fiscal 2025 with Q4 net income of $107 million, overcoming headwinds from an unexpected wave of mortgage prepayments. While competitive pressures limited margin expansion, CEO David Spector pointed to strategic tech investments and a significant embedded refinance portfolio as catalysts for targeted mid-to-high teens ROE later this year.

Business

Olin Corporation: A Tale of Two Valuations as Stock Sends Mixed Signals

Olin Corporation's (NYSE: OLN) stock performance tells a conflicting story: a recent monthly gain contrasts sharply with steep multi-year declines. A deep dive into the numbers reveals a stark divide between cash flow-based and earnings-based valuation models, leaving investors to question where true value lies in the volatile chemicals sector.