INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ready Capital Corporation of Class Action Lawsuit and Upcoming Deadlines - RC
Portfolio Pulse from
Ready Capital Corporation (RC) is facing a class action lawsuit after reporting substantial financial losses in Q4 2024. The company disclosed a net loss of $1.80 per share for the quarter and $2.52 per share for the full year. RC took $284 million in credit loss and valuation allowances, and its total leverage increased from 3.3x to 3.8x. The stock price dropped 26.84% to $5.07 on this news.
March 23, 2025 | 2:15 pm
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NEGATIVE IMPACT
RC is experiencing significant financial challenges and legal scrutiny following its Q4 2024 financial results and the announcement of a class action lawsuit.
The class action lawsuit, combined with substantial financial losses, negative earnings report, and increased leverage, suggests potential short-term negative impact on RC's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100