Freddie Mac Reports Third Quarter Results with Revenue Beat
Freddie Mac (FMCC) reported third-quarter earnings per share of $0.01, accompanied by total revenue of $6.8 billion. This revenue figure exceeded market expectations by approximately $970 million. The company's net interest income rose to $5.3 billion, representing a 5% increase year-over-year, which was largely attributed to the continued growth of its mortgage portfolio. Additionally, non-interest income improved significantly to $0.5 billion, reversing a previous non-interest loss of $0.1 billion.
Tickers: $FMCC
Topics: earnings mortgage portfolio net interest income revenue beat