- Freddie Mac‘s net interest income increased by 7.5% year-over-year, reaching $5.30 billion in the second quarter.
- The company incurred a loss per share of 1.0 cent, compared to a breakeven point (zero loss) in the previous year.
- Net revenue for the second quarter stood at $5.92 billion, marking a decline of 1.2% compared to the same period last year.
- Comprehensive net income dropped by 13% from the previous year, totaling $2.41 billion.
- Analysts currently have no buy or hold recommendations for Freddie Mac, with only two sell ratings issued.
A look at Freddie Mac Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 0 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Freddie Mac, a stockholder-owned corporation established by Congress in 1970, plays a vital role in providing funds to mortgage lenders. This company focuses on buying single-family and multi-family residential mortgages along with mortgage-related securities. To finance its operations, Freddie Mac largely relies on issuing mortgage pass-through securities and debt instruments in the capital markets. Analyzing Freddie Mac‘s Smartkarma Smart Scores reveals a mixed outlook – with a strong rating in Resilience and Momentum, indicating a promising long-term future for the company in terms of stability and market performance.
Despite facing challenges in the areas of Value and Dividend, the Growth score suggests potential opportunities on the horizon for Freddie Mac. Overall, the company’s strategic position in the mortgage industry and its resilient performance could bode well for its sustained growth and profitability in the coming years.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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