Freddie Mac (FRE) Reports Q2 Loss of $1.63; Cuts Dividend
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Freddie Mac (NYSE: FRE) reports Q2 a loss of $1.63 per share, which may not comapre to the consensus of a $0.41 loss. Provision for credit losses were $2.5 billion.
Freddie Mac cuts its Q3 dividend from $0.25 to $0.05 per share.
Freddie Mac said they remain committed to raising $5.5 billion of new capital.
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