Freddie Mac (FRE) Sinks On $2B Loss, Chance of Dividend Cut
Tweet
Share
E-mail
Freddie Mac (NYSE: FRE) is down 17% in pre-open trading after the company reported an enormous third quarter loss of $2 billion or $3.29 per share.
Freddie Mac also said it engaged Goldman Sachs and Lehman Brothers as financial advisors to help it consider very near term capital raising alternatives and is seriously considering reducing its fourth quarter common stock dividend by 50 percent.
Freddie Mac also said it engaged Goldman Sachs and Lehman Brothers as financial advisors to help it consider very near term capital raising alternatives and is seriously considering reducing its fourth quarter common stock dividend by 50 percent.
You May Also Be Interested In
- Lennar Corp. (LEN) Mentioned Cautiously at Hunterbook
- Ethos Technologies (LIFE) Mentioned Cautiously at Bear Cave
- DOJ Not Reopening Criminal Probe Into Powell, Blanche Says
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
