Rocket Companies Inc (NYSE:RKT)
$ 11.11 -0.24 (-2.11%) Market Cap: 1.62 Bil Enterprise Value: 14.69 Bil PE Ratio: 0 PB Ratio: 2.47 GF Score: 57/100
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Rocket Companies Inc at JPMorgan Global Technology, Media and Communications Conference (Virtual) Transcript

May 24, 2021 / 05:15PM GMT
Release Date Price: $16.9 (-0.24%)
Richard Barry Shane
JPMorgan Chase & Co, Research Division - Senior Equity Analyst

Good morning, and thank you for joining us at the 2021 JPMorgan TMC Conference. I'm Rick Shane, Head of Consumer Finance Research; and I'm joined by my colleague, Tien-Tsin Huang, Head of Payments, Processing and IT Services research.

On behalf of the team at JPMorgan, it is our pleasure to be speaking with Jay Farner, CEO of Rocket Companies.

I think one of the things that actually makes this chat especially fun is that Jay is not only the CEO of Rocket, but is the company's long-time spokesman. He's both a familiar face and a very familiar voice. I would point out that this is actually not a coincidence. It's actually consistent, I think, with the broader vision of Rocket Companies with a management team with a hands-on, highly engaged style that requires leading from the top, but also involves willingness to really roll up their sleeves and be operators.

With that in mind, I will tell one quick story before we get going. Last February, the company went out and purchased computers so that

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