🟢 Freddie Mac is trading 11.54% up today after third-quarter net income rose 17%

Freddie Mac is trading at $4.06, up 11.54%, after its third-quarter report showed stronger results.

• The October 29 report showed net income of $3.2 billion, up 17% year over year, and revenue of $6.8 billion, up 19%.
• Higher net revenues and lower non-interest expense supported the profit increase, partly offset by a larger credit-loss provision.
• Financials were also higher, providing supporting context rather than the main explanation for the rise.