Dick Bove: Fannie Mae Nears Political FirestormGuest Post
Dick Bove on Fannie Mae Q1 earnings
Fannie Mae reported first quarter earnings of $0.04 per share. This is $0.04 per share above my estimate and $0.11 per share above fourth quarter results. The new earnings forecasts are as follows: a) the 2016 estimate is being raised from negative $0.02 per share to positive $0.02 per share; b) the 2017 estimate is being raised to a loss of $0.01 per share from a loss of $0.02 per share; and c) the 2018 estimate is being increased similarly to a loss of $0.01 . . .
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