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    Fannie Mae Stock In Focus After Return To Profit In Q3

    Simply Wall St·11/01/2026 18:24:36
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    • Federal National Mortgage Association reported Q3 2026 net income of about US$4.2b and nine-month profit of US$11.9b, with basic and diluted EPS of US$0.18 for the quarter and US$0.21 year to date.
    • Profitability returned alongside a reported net worth above US$119b, pointing to a business that is rebuilding capital while absorbing higher credit provisions and unrealized portfolio losses.
    • This raises the question of how Fannie Mae's renewed profitability in Q3 2026 could influence the investment narrative around its guaranty business.

    Scan how Fannie Mae's rebound fits into the wider opportunity set by comparing it against a curated group of housing finance and credit plays in the 29 resilient stocks with low risk scores.

    Federal National Mortgage Association Investment Narrative Recap

    To own Federal National Mortgage Association, you need to believe its large guaranty book can continue generating steady fees while credit costs and funding risks remain contained. The Q3 2026 net income of about US$4.2b and nine-month profit of roughly US$11.9b indicate earnings resilience and support ongoing capital rebuilding.

    The key near-term factor is how effectively Fannie Mae manages higher credit provisions and unrealized portfolio losses without eroding that earnings base. The main current risk lies in credit quality and retained portfolio exposure, since any sustained stress there could pressure margin, slow net worth growth and dilute the benefit of recent profitability.

    The Q3 2026 earnings release is the central announcement to watch because it provides detailed figures on this rebound. Net income of about US$4.2b for the quarter and US$11.9b for the first nine months, with basic and diluted EPS of US$0.18 in Q3 and US$0.21 year to date, show a business that is currently profitable.

    The question for investors is whether this earnings level appears durable given the widely discussed risks in housing volumes, multifamily credit and a growing retained portfolio funded by external borrowing. Analyst ratings clustered around Hold point to a mixed view on that durability, so the next few quarters of credit trends and capital development may matter more than any single price target.

    Federal National Mortgage Association's narrative projects US$33.0b revenue and US$223.0m earnings by 2029. This assumes 5.6% yearly revenue growth and an earnings increase of about US$2.8b from current earnings of a US$2.6b loss.

    Uncover why Federal National Mortgage Association's fair value indicates a 14% potential downside to its current price, which leaves little room for error.

    OTCPK:FNMA 1-Year Stock Price Chart
    OTCPK:FNMA 1-Year Stock Price Chart

    Exploring Other Perspectives

    For a very different angle on Fannie Mae, focus on the bullish catalyst around margins. The most optimistic analysts were modeling profit margins rising from 0.8% to 88.1% and earnings jumping to about US$29.4b on roughly US$33.3b revenue by 2029. These projections were set before the latest Q3 earnings, so views could shift meaningfully from here.

    Explore 5 other Federal National Mortgage Association fair value estimates, including one that suggests as much as 6907% upside from the current price!

    Form Your Own Verdict

    Don't just follow the ticker. Dig into the data and build a conviction that's truly your own.

    Looking for more investment ideas beyond Federal National Mortgage Association?

    Once the Fannie Mae story is clear in your mind, it can help to line it up against other opportunities with different risk and income profiles using the Simply Wall St Screener.