KBW lowers its Fannie Mae, Freddie Mac profit projections
Keefe, Bruyette & Woods, while still expecting robust profits from Fannie Mae and Freddie Mac, has dimmed its outlook on both companies’ earnings per share potential as probabilities for a release from conservatorship increase. The stock rating for both are, and will remain at, underperform. KBW, in its fine-tuning of the earnings models, reduced earnings […]
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