Items Tagged with 'Comprehensive income'

ARTICLES

  • Freddie Mac Q1 earnings increase driven by tax reform

    Will not make payment to Treasury
    While tax reform may have forced the GSE to make a draw from the Treasury during the fourth quarter, this quarter, the tables have changed. Freddie Mac announced the changes to the tax law helped drive its first-quarter growth. But it’s still not making a payment to the Treasury. Here’s why.
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  • Freddie Mac reports $3.3 billion loss in Q4

    Will request draw from Treasury to cover loss
    Freddie Mac, while reporting a profit for the full year in 2017, posted a more than $3 billion loss in the fourth quarter. The fourth quarter’s net income posted a loss of $2.9 billion, and comprehensive income showed a loss of $3.3 billion. Here’s why, and what happens next.
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  • Cadence Will Restate, Slash Q1 Earnings; Cites Accounting Error

    Cadence Financial Corp., a small financial services provider in the southern US, said late yesterday that it will restate its first quarter earnings due to an accounting error. The restatement will slash first quarter earnings by a whopping 97 percent, moving first-quarter net income to $103,000, or 1 cent a share, from a previously-reported net income of $3.7 million, or 31 cents a share.
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