logo
Share SHARE
FONT-SIZE Plus   Neg

Freddie Mac Q1 Profit Down - Quick Facts

Freddie Mac (FMCC.OB) posted first quarter net income of $577 million versus $676 million last year.

Net interest income was down to $4.5 billion from $4.54 billion in the prior-year quarter. Non-interest loss was $1.52 billion versus a non-interest loss of $1.25 billion in the same quarter last year.

Provision for credit losses declined to $1.83 billion from $1.99 billion a year ago.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Xiaomi Corp., nicknamed the "Apple of China" is planning to launch laptops, a report by Bloomberg said. The Chinese brand has been pausing a direct challenge to major smart phone brands in Asian markets in the recent years. It has planned to win over China, India and Brazil markets those together would account for one third of the worldwide sales. Value-priced fashion apparel and accessories retailer Cato Corp. (CATO) Thursday announced a four percent increase in comparable store sales for August. Sales were for the four week period was up five percent to $67 percent from $63.6 million last year. For the thirty weeks ended August 29, the... Simple, uncluttered, colorful and friendly. That's how Google describes its new logo. The new typeface is sans-serif and without any shadow or embossing, unlike its earlier logos. It has given blue, red, yellow and green to its letters. The "e" is slightly tilted and stylized. On its browser tabs, it has replaced the lower case blue colored "g" with an upper case "G" in four colors.
comments powered by Disqus
Follow RTT