
Fannie Mae shares rose on Friday after reports of a shakeup among top management renewed concerns about governance risks alongside ongoing speculation over privatization. The stock ended the session up 1.62% at $6.29, adding a further 0.16% in after-hours trading.
The $120.8B senior preferred stated value does not count as regulatory capital. That is why large accounting equity does not translate directly into distributable value for common holders.
Headline book value does not flow cleanly to common shareholders.
| Measure | Q2 2026 | Q1 2026 |
|---|---|---|
| Net income | $4.0B | $3.7B |
| Net revenue | $7.6B | $7.3B |
| Credit-loss provision | $485M | $277M |
| Non-interest expense | $2.1B | $2.2B |
| Net worth | $116.5B | $112.5B |
| Firm | View | Target |
|---|---|---|
| B. Riley | Neutral | $7.00 |
| Wedbush | Neutral | $8.00 |
| KBW | Underperform | $8.50 |
| BTIG | Buy | $20.00 |
| 7-analyst aggregate | Hold | $12.25 |
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