Thursday, May 9, 2013

Freddie Mac Reports $4.6B Profit in Q1 via DSNews.com

Freddie Mac’s first-quarter earnings came in slightly ahead of last year’s final quarter, the company revealed in its quarterly filing.

First-quarter net income at Freddie Mac was $4.6 billion, barely above the $4.5 billion recorded in Q4 2012 but well above the $577 million in last year’s first quarter—and the second largest in company history.

First-quarter comprehensive income was $7.0 billion, up from $5.7 billion quarter-over-quarter.

Read more...Freddie Mac Reports $4.6B Profit in Q1

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