Penny Stock Fannie Mae (FNMA) Surges in Wednesday’s Session; Company Reports Net Income Gain
Shares of Fannie Mae (OTC: FNMA), a provider of liquidity and stability in the secondary mortgage market, surged in Wednesday’s trading session.
The penny stock of FNMA ended the day 14.29% higher at $0.300, with volume up from daily average of 1.98 million 19.03 million.
Fannie Mae shares surged on Wednesday after the company reported its first net income gain since it was taken over by the government during the 2008 financial crisis. FNMA reported first-quarter earnings of $2.7 billion, compared with a loss of $6.5 billion reported for the same period in the previous year.
Fannie Mae, which has received nearly $116 billion from the Treasury Department, will pay a dividend of $2.8 billion to the government.
- This newsletter has been helping traders make a killing on FNMA. Click here for a 25% discount offer.
- See today’s top stock picks and market analysis
- Need fast service and cheap rates from a broker? Buy stock online at my favorite brokerage
- Want more? Check out the message board buzz for FNMA
- See what newsletters are recommending this stock pick
- Get breaking news alerts on these stocks: http://thestockmarketwatch.com/
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Tech24.org is a wholly-owned subsidiary of BlueWave Advisors.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.