Better Home & Finance Shares Decline Further Amid Plans to Sell U.K. Bank, Cut Costs

Dow Jones

04/09

By Kelly Cloonan

Shares of Better Home & Finance Holding slid after the company disclosed a number of plans aimed at achieving profitability, including efforts to sell its U.K.-based bank and cut costs.

The stock fell 23% to $34.65 on Wednesday, on pace for its largest percent decrease since 2023. Shares are up about 6.3% year to date.

As part of its new strategy, the mortgage and home-equity finance company said its U.K.-based bank is currently in an active sale process and will be classified as held for sale in the fiscal first quarter. The sale aims to simplify the company's operations, it said.

Better Home & Finance also said it plans to implement at least $25 million in annualized cost reductions beginning in the fiscal second quarter.

Shares were also down in premarket trading after the company said it would offer 1.875 million shares in a public offering for about $60 million in gross proceeds. The company said it intends to use the proceeds for growth capital and general corporate purposes.

"Our decision to raise capital, simplify our international footprint, and reduce costs will position the Company to act decisively on high-conviction growth opportunities without reliance on the equity capital markets for the foreseeable future," Chief Executive Vishal Garg said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 08, 2026 13:25 ET (17:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

应版权方要求，你需要登录查看该内容

登录 / 注册

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎证券,老虎证券开户,老虎券商,老虎证券官网,老虎证券app,tigertrade老虎证券,股票,炒股,新加坡股票交易平台,投资,投资理财","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/hans/news/2626179926"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2626179926\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2626179926?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-04-09 01:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2626179926","market":"sg","top_or_hot":-1,"title":"Better Home & Finance Shares Decline Further Amid Plans to Sell U.K. Bank, Cut Costs","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Kelly Cloonan \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of Better Home &amp; Finance Holding slid after the company disclosed a number of plans aimed at achieving profitability, including efforts to sell its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.-based bank and cut costs. \n</p>\n<p>\n  The stock fell 23% to $34.65 on Wednesday, on pace for its largest percent decrease since 2023. Shares are up about 6.3% year to date. \n</p>\n<p>\n  As part of its new strategy, the mortgage and home-equity finance company said its U.K.-based bank is currently in an active sale process and will be classified as held for sale in the fiscal first quarter. The sale aims to simplify the company's operations, it said. \n</p>\n<p>\n  Better Home &amp; Finance also said it plans to implement at least $25 million in annualized cost reductions beginning in the fiscal second quarter. \n</p>\n<p>\n  Shares were also down in premarket trading after the company said it would offer 1.875 million shares in a public offering for about $60 million in gross proceeds. The company said it intends to use the proceeds for growth capital and general corporate purposes. \n</p>\n<p>\n  \"Our decision to raise capital, simplify our international footprint, and reduce costs will position the Company to act decisively on high-conviction growth opportunities without reliance on the equity capital markets for the foreseeable future,\" Chief Executive Vishal Garg said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 08, 2026 13:25 ET (17:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Home & Finance Shares Decline Further Amid Plans to Sell U.K. Bank, Cut Costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetter Home & Finance Shares Decline Further Amid Plans to Sell U.K. Bank, Cut Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-09 01:25</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Kelly Cloonan \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Shares of Better Home &amp; Finance Holding slid after the company disclosed a number of plans aimed at achieving profitability, including efforts to sell its U.<a href=\"https://laohu8.com/S/TKKD.SI\">K</a>.-based bank and cut costs. \n</p>\n<p>\n  The stock fell 23% to $34.65 on Wednesday, on pace for its largest percent decrease since 2023. Shares are up about 6.3% year to date. \n</p>\n<p>\n  As part of its new strategy, the mortgage and home-equity finance company said its U.K.-based bank is currently in an active sale process and will be classified as held for sale in the fiscal first quarter. The sale aims to simplify the company's operations, it said. \n</p>\n<p>\n  Better Home &amp; Finance also said it plans to implement at least $25 million in annualized cost reductions beginning in the fiscal second quarter. \n</p>\n<p>\n  Shares were also down in premarket trading after the company said it would offer 1.875 million shares in a public offering for about $60 million in gross proceeds. The company said it intends to use the proceeds for growth capital and general corporate purposes. \n</p>\n<p>\n  \"Our decision to raise capital, simplify our international footprint, and reduce costs will position the Company to act decisively on high-conviction growth opportunities without reliance on the equity capital markets for the foreseeable future,\" Chief Executive Vishal Garg said. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 08, 2026 13:25 ET (17:25 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HBCP","symbol_name":"Home Bancorp Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2626179926","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2626179926","pubTimestamp":1775669100,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Better Home & Finance Holding slid after the company disclosed a number of plans aimed at achieving profitability, including efforts to sell its U.K.-based bank and cut costs.The stock fell 23% to $34.65 on Wednesday, on pace for its largest percent decrease since 2023. Shares are up about 6.3% year to date.As part of its new strategy, the mortgage and home-equity finance company said its U.K.-based bank is currently in an active sale process and will be classified as held for sale in the fiscal first quarter. The sale aims to simplify the company's operations, it said.Better Home & Finance also said it plans to implement at least $25 million in annualized cost reductions beginning in the fiscal second quarter.\"Our decision to raise capital, simplify our international footprint, and reduce costs will position the Company to act decisively on high-conviction growth opportunities without reliance on the equity capital markets for the foreseeable future,\" Chief Executive Vishal ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"HBCP":"Home Bancorp Inc","BK4195":"互助储蓄与抵押信贷金融服务","BK4229":"商业和住宅抵押贷款融资","BETR":"BETTER HOME & FINANCE HOLDING","BK4211":"区域性银行"},"translate_title":"由于计划出售英国银行并削减成本，Better Home&Finance股价进一步下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HBCP":1.5,"BETR":0.9},"content_text":"By Kelly Cloonan \n\n\n \n\n\n  Shares of Better Home & Finance Holding slid after the company disclosed a number of plans aimed at achieving profitability, including efforts to sell its U.K.-based bank and cut costs. \n\n\n  The stock fell 23% to $34.65 on Wednesday, on pace for its largest percent decrease since 2023. Shares are up about 6.3% year to date. \n\n\n  As part of its new strategy, the mortgage and home-equity finance company said its U.K.-based bank is currently in an active sale process and will be classified as held for sale in the fiscal first quarter. The sale aims to simplify the company's operations, it said. \n\n\n  Better Home & Finance also said it plans to implement at least $25 million in annualized cost reductions beginning in the fiscal second quarter. \n\n\n  Shares were also down in premarket trading after the company said it would offer 1.875 million shares in a public offering for about $60 million in gross proceeds. The company said it intends to use the proceeds for growth capital and general corporate purposes. \n\n\n  \"Our decision to raise capital, simplify our international footprint, and reduce costs will position the Company to act decisively on high-conviction growth opportunities without reliance on the equity capital markets for the foreseeable future,\" Chief Executive Vishal Garg said. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 08, 2026 13:25 ET (17:25 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}