Federal National Mortgage Association
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Financials : Thrifts & Mortgage Finance | Small Cap Value
Company profile

Federal National Mortgage Association is a government-sponsored enterprise chartered by Congress. The Company serves as a source of liquidity for purchases of homes and financing of multifamily rental housing, as well as for refinancing existing mortgages. It operates through two segments: Single-Family and Multifamily. Its Single-Family and Multifamily segments engage in business activities that provide liquidity to the mortgage market and manage the availability and affordability of housing in the United States. The Single-Family segment operates in the secondary mortgage market relating to loans secured by properties containing four or fewer residential dwelling units. The Multifamily segment operates in the secondary mortgage market relating primarily to loans secured by properties containing five or more residential units. The Company funds its business primarily through the issuance of short-term and long-term debt securities in the domestic and international capital markets.

Closing Price
$2.00
Day's Change
0.03 (1.52%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.00
Day's Low
1.90
Volume
(Average)
Volume:
1,933,433

10-day average volume:
1,952,235
1,933,433

Nike's Focus on Direct-to-Consumer Channels and e-Business Pays Dividends as Digital Sales Increase - ResearchAndMarkets.com

12:11 pm ET September 24, 2020 (BusinessWire) Print

ResearchAndMarkets.com published a new article on the sportswear industry "Nike's Shares Soar as Online Sales Increase 82%"

Nike's shares rose by 13% in extended trading on Tuesday as the company reported digital sales had increased 82%, including triple-digit growth in the Europe, Middle East and Africa markets. The company's sales in China rose by 6% during the latest period. Although North American sales were down by 2% in the same period, gross North American sales of $4.23 billion still exceeded analysts' predictions of $3.39 billion. Several other athletic brands have also reported positive results in recent weeks including Lululemon and Under Armour.

In recent years, Nike has shifted its focus from selling through third-party retailers to its own direct-to-consumer sales channels and e-commerce business which has put the company in a stronger position compared to other retailers who have been hit hard by the pandemic. As consumers avoid department stores and shopping malls, the company has invested in its website and mobile apps as well as opening flagship locations in major markets and smaller stores to act as pickup hubs for online orders.

To see the full article and a list of related reports on the market, visit Nike's Shares Soar as Online Sales Increase 82%

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200924005751/en/

SOURCE: Research and Markets

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