Federal Home Loan Mortgage Corp
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Financials : Thrifts & Mortgage Finance | Small Cap Value
Company profile

Federal Home Loan Mortgage Corporation is a government-sponsored enterprise (GSE). The Company is engaged in purchasing residential mortgage loans originated by lenders. The Company also invest in mortgage loans and mortgage-related securities. The Company operates through two segments: Single-family and Multifamily. The Single-family segment includes purchase, sale, securitization, and guarantee of single-family loans and securities, its investments in those loans and securities, the management of single-family mortgage credit risk and market risk, and any results of its treasury function that are not allocated to each segment. The Multifamily segment includes purchase, sale, securitization, and guarantee of multifamily loans and securities, its investments in those loans and securities, and the management of multifamily mortgage credit risk and market risk.

Closing Price
$0.88
Day's Change
-0.0132 (-1.48%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.895
Day's Low
0.87
Volume
(Light)
Volume:
490,435

10-day average volume:
910,566
490,435

AutoNation could become 'stronger player' with new CEO, Morgan Stanley says

11:27 am ET September 29, 2021 (MarketWatch)
Print

Analysts at Morgan Stanley upgraded their rating on AutoNation Inc. (AN) shares to the equivalent of buy and upped their price target on the stock to $116, from $70, praising the auto retailer's new chief executive. AutoNation earlier this month named Mike Manley, a former Fiat Chrysler chief executive, as its CEO, replacing Mike Jackson, who is retiring after more than 20 years with the company. There's potential for an "strategic shift" with Manley's arrival on Nov. 1, the analysts said in a note made public on Wednesday. The appointment is "a significant narrative change. Our new target reflects the potential for (AutoNation) to be a stronger player in the new mobility ecosystem," the analysts, led by Adam Jonas, said. The management change "may be far more significant for the stock than investors realize right now," they said. Shares of AutoNation have gained more than 80% this year, compared with an advance of around 17% for the S&P 500 index. Morgan Stanley's new price target implies a downside around 9% for the stock based on Wednesday prices.

-Claudia Assis

	

(END) Dow Jones Newswires

September 29, 2021 11:27 ET (15:27 GMT)

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