PGY Stock Recent News

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-7 and Pagaya AI Debt Trust 2024-7 (collectively “PAID 2024-7”), a consumer loan ABS transaction. PAID 2024-7 has initial hard credit enhancement levels of 61.05% for the Class A Notes to 5.90% for the Class E Notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account funded at closing, and excess spre.

NEW YORK--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Pagaya CEO Gal Krubiner has been named an Entrepreneur Of The Year® 2024 New York Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. Gal Krubiner was recognized for his founding of Pagaya, a global technology company delivering AI-driven product solutions for the financial ecosystem that has delivered more than $20 billion in loans to a.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to three classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2024-2 and Research-Driven Pagaya Motor Trust 2024-2 (collectively “RPM 2024-2”), an auto loan ABS transaction. RPM 2024-2 has initial credit enhancement levels of 26.40% for the Class A notes to 2.45% for the Class C notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class C notes), a cash res.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced it is joining the Mastercard Engage program. The Mastercard Engage program connects qualified fintech enablers to banks, merchants, fintechs and more to help them accelerate product innovation through access to the company's global network, expertise, technology, and resources. As a member o.

Pagaya (NASDAQ: PGY ) layoffs are a hot topic on Thursday after the technology company revealed plans to cut costs this year. Reports claim that the Pagaya layoffs will affect roughly 100 of the company's employees.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that the Company is executing initiatives to drive enhanced profitability and achieve its goal of reaching positive net cash flow, by further streamlining its operations and accelerating its key growth priorities. The Company anticipates these initiatives, which include a workforce reduction.

Pagaya reported another round of excellent earnings despite the high interest rate environment. It has taken some unusual actions lately that add some risk to the investing thesis.

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-6 and Pagaya AI Debt Trust 2024-6 (collectively “PAID 2024-6”), a consumer loan ABS transaction. PAID 2024-6 has initial credit enhancement levels of 66.63% for the Class A Notes to 6.96% for the Class E Notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account funded at closing, and excess spread. P.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that the Company's management team will participate in the following investor conferences: TD Cowen Financial Services & Fintech Summit Date: June 7, 2024 Location: Virtual Morgan Stanley US Financials, Payments and CRE Conference Date: June 10, 2024 Location: New York, NY Mizuho Technology Conference.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that as part of the annual reconstitution of the Russell stock indexes, Pagaya is set to join the Russell 2000® Index and the broad-market Russell 3000® Index, effective at the open of US equity markets on Monday, July 1st. A preliminary list of Russell 3000® Index additions, including Pagaya, was posted by.