Ocwen Financial Announces Shareholder Approval To Rebrand As Onity Group; New Name And NYSE Trading Symbol "ONIT" Expected To Be Effective June 10, 2024
Portfolio Pulse from Benzinga Newsdesk
Ocwen Financial Corporation has received shareholder approval to rebrand as Onity Group Inc. The new name and NYSE trading symbol 'ONIT' are expected to be effective on June 10, 2024. Additionally, PHH Mortgage will rebrand to Onity Mortgage in the fall of 2024.
May 28, 2024 | 8:25 pm
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Ocwen Financial Corporation will rebrand as Onity Group Inc. with a new trading symbol 'ONIT' effective June 10, 2024. This rebranding could impact investor perception and stock price.
The rebranding of Ocwen Financial to Onity Group and the change in trading symbol to 'ONIT' could positively impact investor sentiment and stock price due to the fresh brand identity and potential strategic shifts.
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