Compass Spent Big on a Real Estate Deal. It’s Paying Off For the Stock.

Compass likes to bill itself as real estate’s disrupter. Shares were up nearly 26.6% to $9.18 in morning trading. Wall Strret obviously was pleasantly surprised by the financials—a surprise profit that Compass attributed to its integration of Anywhere, the country’s second-largest brokerage by residential sales volume that it acquired for $1.6 billion in January.