🟢 Freddie Mac is trading 5% up today after third-quarter net income rose 17%

Freddie Mac is trading at $3.84, up +5.49%, after reporting third-quarter results.

• Net income was $3.2 billion, up 17% year over year; revenue was $6.8 billion, up 19%.
• Higher net interest and non-interest income supported results, while the $800 million credit-loss provision partially offset gains.
• Broader markets were lower, so market sentiment was not an evident same-direction explanation for the move.