JMP Securities analyst Steven Delaney maintains Granite Point Mortgage (NYSE:GPMT) with a Market Outperform and lowers the price target from $13 to $12.
Granite Point Mortgage (NYSE:GPMT) brought in sales totaling $21.93 million during Q2 according to data provided by Benzinga Pro. However, earnings decreased 396.18%, resulting in a loss of $13.73 million.
Granite Point Mortgage (NYSE:GPMT) reported its Q2 earnings results on Monday, August 8, 2022 at 04:30 PM.
Here's what investors need to know about the announcement.