{
  "id": 16180952,
  "title": "Rithm Capital stock rises nearly 3% on Q3 beat driven by strong asset management",
  "url": "https://urgent.news/2026/10/23/rithm-capital-stock-rises-nearly-3-on-q3-beat-driven-by-strong-asset",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T11:37:01.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/rithm-capital-stock-rises-nearly-3-on-q3-beat-driven-by-strong-asset-management-93CH-4969077"
  },
  "original_language": "en",
  "account": "Rithm Capital Corp., traded under the symbol RITM on the New York Stock Exchange, reported impressive financial results for the third quarter of 2026. Earnings per share came in at $0.55, surpassing the analyst consensus of $0.49 by $0.06. Revenue for the quarter reached $1.76 billion, a 37% increase from the $1.28 billion recorded in the previous quarter. This surge in performance drove shares of Rithm Capital up 2.72% in pre-market trading.\n\nThe company's asset management arm managed a substantial $61 billion in assets under management. Additionally, Rithm attracted $569 million in gross new capital inflows during the quarter. Newrez, a subsidiary of Rithm, achieved an operating return on equity of 24% on an annualized basis. Meanwhile, Genesis Capital reported a $1.5 billion origination volume, a 25% year-over-year increase.\n\nCEO Michael Nierenberg emphasized that Rithm's strong third quarter results were a testament to disciplined execution across the entire platform. The company focused on scaling its asset management business, launching new funds, and building a more resilient, fee-based earnings stream. Genesis Capital's pre-tax operating income amounted to $329.7 million, excluding mortgage servicing rights mark-to-market gains and other non-operating items. The total servicing unpaid principal balance rose to $878.9 billion at the end of the quarter, encompassing $282.8 billion in third-party servicing.\n\nRithm also declared a common dividend of $0.25 per share for the quarter, maintaining consistency with the previous quarter's payout. The book value per common share stood at $12.51 as of September 30, 2026. This account was compiled with AI assistance and reviewed by an editor.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}