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
Another busy month on the FDA calendar has gone by but not without its fair share of hurrahs and heartaches. This is not unexpected, given the uncertainties characterizing drug development and approval processes, which in turn manifest as volatility in stocks belonging to the biotech space. German sporting goods giant Adidas Group (ADDYY.PK, ADDDF.PK) extended its long-term relationship with rapper and fashion designer Kanye West, launching a new line of Yeezy brand products for all genders, the company stated. adidas + Kanye West offers Yeezy branded footwear, apparel and accessories for all genders. Under the deal, West will join with adidas team to lead the development... General Motors' Chevrolet, the first automotive brand to add 4G LTE connectivity across its entire vehicle portfolio, has now slashed its OnStar 4G LTE data plan pricing by up to 50 percent ahead of the upcoming 2016 Independence Day, the company said in a statement.
comments powered by Disqus
Follow RTT