FNMA Stock - Federal National Mortgage Association
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $31.05B | $31.94B | $24.53B | $36.61B | $23.03B |
| Gross Profit | $31.05B | $31.94B | $24.53B | $36.61B | $23.03B |
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Income | $21.27B | $21.96B | $16.23B | $27.95B | $14.88B |
| Net Income | $16.98B | $17.41B | $12.92B | $22.18B | $11.80B |
| Net Margin | 54.7% | 54.5% | 52.7% | 60.6% | 51.3% |
| EPS | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 |
Federal National Mortgage Association provides a source of financing for mortgages in the United States. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing mortgage loans, and other mortgage-related securities. This segment also provides single-family mortgage servicing, as well as credit risk and loss management services. The Multifamily segment securitizes multifamily mortgage loans into Fannie Mae MBS; purchases multifamily mortgage loans; and provides credit enhancement for bonds issued by state and local housing finance authorities to finance multifamily housing. This segment also issues structured MBS backed by Fannie Mae multifamily MBS; buys and sells multifamily agency mortgage-backed securities; invests in low-income housing tax credit (LIHTC) multifamily projects; and offers delegated underwriting and servicing, as well as multifamily mortgage, and credit risk and loss management services. The company serves mortgage banking companies, savings and loan associations, savings banks, commercial banks, credit unions, community banks, insurance companies, private mortgage originators, and state and local housing finance agencies. Federal National Mortgage Association was founded in 1938 and is headquartered in Washington, the District of Columbia.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| November 25th 2025 | Wedbush | Resumed | Outperform | $11.5 |
| September 11th 2025 | Deutsche Bank | Initiation | Buy | $20 |
| September 5th 2025 | B. Riley Securities | Initiation | Neutral | $10 |
| January 27th 2025 | Keefe Bruyette | Downgrade | Underperform | $4← $3 |
| November 20th 2024 | Keefe Bruyette | Downgrade | Market Perform | $3← $2 |
| February 26th 2024 | Keefe Bruyette | Upgrade | Outperform | $2← $1.25 |
Earnings History & Surprises
FNMAEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 28, 2026 | — | — | — | — |
Q1 2026 | Feb 13, 2026 | $0.68 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.72 | $0.65 | -9.7% | ✗ MISS |
Q3 2025 | Jul 30, 2025 | $0.68 | $0.57 | -15.8% | ✗ MISS |
Q2 2025 | Apr 30, 2025 | $0.67 | $0.62 | -7.5% | ✗ MISS |
Q1 2025 | Feb 14, 2025 | $0.63 | $0.70 | +11.1% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $0.64 | $0.69 | +7.8% | ✓ BEAT |
Q3 2024 | Jul 30, 2024 | $0.64 | $0.76 | +18.8% | ✓ BEAT |
Q2 2024 | Apr 30, 2024 | $0.60 | $0.74 | +22.7% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.60 | $0.67 | +11.5% | ✓ BEAT |
Q4 2023 | Oct 31, 2023 | $0.60 | $0.80 | +32.8% | ✓ BEAT |
Q3 2023 | Aug 1, 2023 | $0.60 | $0.85 | +41.8% | ✓ BEAT |
Q2 2023 | May 2, 2023 | — | $0.64 | — | — |
Q1 2023 | Feb 14, 2023 | — | $0.24 | — | — |
Q4 2022 | Nov 8, 2022 | — | $0.41 | — | — |
Q3 2022 | Jul 29, 2022 | — | $0.79 | — | — |
Q2 2022 | May 3, 2022 | — | $0.75 | — | — |
Q1 2022 | Feb 15, 2022 | — | $0.88 | — | — |
Q4 2021 | Oct 29, 2021 | — | $0.82 | — | — |
Q3 2021 | Aug 3, 2021 | — | $0.01 | — | — |
Latest News
Mechanics Bancorp shares are trading higher after the company announced it entered into a definitive agreement to sell its Fannie Mae Delegated Underwriting and Servicing business line to Fifth Third Bancorp
📈 PositiveMechanics Bancorp to Sell Fannie Mae Delegated Underwriting and Servicing Business Line To Fifth Third, Including $1.8B DUS Servicing Portfolio
➖ NeutralReported Earlier, UMH Properties Announced That It Completed The Addition Of Seven Communities Containing 1,765 Sites, To Its Fannie Mae Credit Facility Through Wells Fargo Bank, N.A., For Total Proceeds Of Approximately $91.8
📈 PositiveFannie Mae shares are trading lower after reports said former watchdogs had been removed while probing whether a Trump appointee improperly obtained mortgage records of Democratic officials.
📉 Negative'Fannie Mae Watchdogs Probed How Pulte Obtained Mortgage Records of Key Democrats' - WSJ Exclusive
📉 Negative'Trump Administration Fires Fannie Mae Ethics Officials; Dismissals Come After Chief Ethics Officer Was Recently Pushed Out, According To People Familiar With The Matter' - WSJ Exclusive
📉 NegativeFannie Mae Appoints COO Peter Akwaboah To Additional Role Of Acting CEO, Promotes John Roscoe, Brandon Hamara To Co-Presidenbts
📈 PositiveKeefe, Bruyette & Woods Maintains Underperform on Federal National Mortgage, Raises Price Target to $10
➖ NeutralFannie, Freddie IPO could happen this year, Lutnick says; shares climb
📈 PositiveU.S. Commerce Secretary Lutnick Says Fannie, Freddie Public Sooner Than People Think; Could Be Largest IPO In History
📈 PositiveB. Riley Securities Initiates Coverage On Federal National Mortgage with Neutral Rating, Announces Price Target of $10
➖ Neutral'Senate Democrats Urge Trump Administration To Pause IPO Plan For Fannie, Freddie; Senate Democrats Push For Study Of Possible Effects Of IPO Plan On Mortgage Rates' - Bloomberg
📉 NegativeTrump taps bank CEOs for pitches on Fannie Mae, Freddie Mac stock sale - report
➖ NeutralFannie Mae, Freddie Mac shares surge after Trump suggests privatization
📈 PositiveFannie Mae, Freddie Mac stocks jump after cost-cut report
📈 PositiveFrequently Asked Questions about FNMA
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