fannie mae stock predictions 2025

PepsiCo is the Winner, Here's Why, Sr. VP and Chief Compliance & Ethics Officer. 17 years of conservatorship would put their exit in 2025, aligning with the end of the Biden presidency. The prestigious award, presented by Arizona State University's W.P. I don't think that these prices make any sense aside from the stark reality that Fannie/Freddie junior preferred investors have just the worst case of investor fatigue I've ever seen. Federal National Mortgage Association was founded in 1938 and is headquartered in Washington, DC. The financial services provider had revenue of $7.16 billion for the quarter. On Sept.10, 2008, the DirectSERVICE Investment Program for Fannie Mae common stock was suspended. View Fannie Mae FNMA investment & stock information. This opportunity has been created because no one thought the Biden administration would do anything with respect to ending the conservatorships of Fannie and Freddie, but they appear to be doing just that. I have no business relationship with any company whose stock is mentioned in this article. (This stock has high daily movements and this gives high risk. The $11 per share in earnings doesn't take that capital into account or the warrants the government holds on 79.6% of the outstanding shares. Fed Chairman Powell has tested positive for COVID-19. Here's What History Shows. Sandra Thompson predicts if Fannie and Freddie exit conservatorship, it will be the largest IPO ever. At the Bipartisan Policy Center Fireside chat, Sandra Thompson talked more about working with Treasury than working with Congress. By creating a free account, you agree to our, Mullen Automotive - Short Squeeze is Possible - Not Inevitable, PepsiCo or Coke? Symptoms called mild. Copyright 2023 MarketWatch, Inc. All rights reserved. P.O. "If the Supreme Court rules that the Net Worth Sweep is void, unconstitutional, etc., it's possible that the 'overage' that Fannie Mae and Freddie Mac have paid back through 'dividends' to Treasury since 2013 will be declared refundable," Mobbs suggested in an email to ValueWalk. Users should not base their investment decision upon StockInvest.us. For questions related to this program, please contact shareholder customer service by calling 1-800-910-8277 to obtain information specific to their account(s). 4.75% Non-Cumulative Preferred Stock, Series M (PDF) So the issues, while they're specific to Fannie and Freddie are not necessarily new to the federal government at large. Fannie Mae launches pilot program to include on-time rent payments in credit reports. By using the site you agree and are held This material is provided for your convenience and information only. If you are in any doubt you should consult an appropriately qualified financial advisor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. "But once it goes back to the companies, they've got to make everyone happy to settle all the litigation. Since the ruling means that Fannie Mae will remain under federal control and stockholders still wont have a right to the profits, FNMA stock plunged. According to MarketBeat, analysts' average target price for FNMA is $1.67, which implies a 21.6 percent upside from its current price. This is considered to be a technical positive sign as volume should follow the price-formation. Are investors shorting Federal National Mortgage Association? Stock Market Indexes S&P 500 Dow Jones Nasdaq Composite Stock Market Premium Services Stock Advisor Our Flagship Service Return 337% S&P Return 111% Rule Actual results may differ. Sign-up to receive the latest news and ratings for Federal National Mortgage Association and its competitors with MarketBeat's FREE daily newsletter. I wrote this article myself, and it expresses my own opinions. Carey School of Business, recognizes the ESR Group's outstanding macroeconomic forecast work for the four-year period from 2018-2021, and uses as its criteria the smallest average error for predictions of gross domestic product, inflation, and unemployment. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken. Click here to be notified when The co-managers include C.L. Biden elected to continue following the path of the Trump administration with Fannie and Freddie continuing to retain earnings instead of restarting the net worth sweep upon firing Calabria. Analysts estimate an earnings decrease this quarter of Export data to Excel for your own analysis. This segment also issues structured MBS backed by Fannie Mae multifamily MBS; buys and sells multifamily agency mortgage-backed securities; invests in low-income housing tax credit (LIHTC) multifamily projects; and offers delegated underwriting and servicing, as well as multifamily mortgage, and credit risk and loss management services. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. He says there's definitely upside to the shares, but things might not happen as quickly as some investors are expecting. A Big Chill Is Here for the Housing Market. "The information I've got says [Treasury Secretary Steven] Mnuchin will wait until after the court hearing, and the government is going to get their nose bloodied," Pagliara told ValueWalk in an interview on Tuesday. * Federal National Mortgage Association Fannie Mae stock forecasts short-term for next days and weeks may differ from long term prediction for next month and year based on timeline differences. 5.375% Non-Cumulative Preferred Stock, Series I (PDF) Federal National Mortgage Association is a government-sponsored company. In addition, Sandra Thompson said the enterprises are being prepared to exit conservatorship: We are preparing the enterprises to adjust to the supervision in a way that they would be regulated outside of conservatorship. Heres why. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. 5.50% Non-Cumulative Preferred Stock, Series N (PDF) WebFuture price of the stock is predicted at 1.58424644477$ ( 256.812% ) after a year according to our prediction system. The consensus among Wall Street research analysts is that investors should "hold" FNMA shares. Redfin Stock Heads for a New Low. Fannie Mae has increased volume and follows the last lift in the price. As far as what Fannie Mae's and Freddie Mac's common shares are worth, Pagliara wouldn't speculate. WebFannie Mae provides access to stock announcements. Further, he agrees with Mobbs that the GSEs' recurring income stream is attractive, but the government will tie their capital to the periodic commitment fee, which is the fee they will pay the government for guaranteeing the 30-year mortgage. Overnight correspondence should be sent to: Given the current short-term trend, the stock is expected to fall -19.13% during the next 3 months and, with a 90% probability hold a price between $0.271 and $0.374 at the end of this 3-month period. Canton, MA 02021. The Biden administration on Friday announced what it described as "new steps" in its "housing supply action plan" that was . News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. The Wall Street Journal also briefly discussed the possibility that the Supreme Court could order the government to return some of the money it collected from the GSEs via the net worth sweep. Fannie and Freddie were on track to raise capital to exit conservatorship by the summer of 2021 if Trump had been re-elected. Nothing in this press release constitutes advice on the merits of buying or selling a particular investment. International stock quotes are delayed as per exchange requirements. Our research is based on sources that we believe to be reliable. Does it Matter Folks Aren't Starry-Eyed Over Pepsi's New Soda? View our FNMA earnings forecast. In-depth profiles and analysis for 20,000 public companies. Nevertheless, there is no way to get around the junior preferred stock in a restructuring and they still have legal claims that are alive and well and moving to trial. Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. Federal National Mortgage Association had a net margin of 14.55% and a negative trailing twelve-month return on equity of 19.32%. Is it a Buy? Any investment decision as to any purchase of securities referred to herein must be made solely on the basis of information contained in Fannie Mae's applicable Offering Circular, and no reliance may be placed on the completeness or accuracy of the information contained in this press release. Fannie Mae Stock Insider Trading Based on the 100 latest insides trades, we have calculated the insider power to be negative at a ratio of 0.000. Federal National Mortgage Association (OTCMKTS:FNMA) posted its quarterly earnings data on Thursday, February, 13th. If they get par in 2025, that is about 100% return per year until the exit conservatorship. $0.78 per share. The financial services provider can be reached via phone at (800) 232-6643 or via fax at 202-752-4447. Changes in the assumptions or the information underlying these views could produce materially different results. Another option is to pay out a much smaller payout ratio of their total earnings. Federal National Mortgage Association trades on the OTCMKTS under the ticker symbol "FNMA.". Fannie Mae, Freddie Mac to use alternative credit scores what that means for potential homebuyers, How last years housing market affected mortgage denials and what Fannie Mae, Freddie Mac using alternative credit scores means for potential homebuyers. Johnson & Johnson Breakout Breaks Down: Can Earnings Boost Stock? Past performance is not a guarantee of future results, and a loss of original capital may occur. Privacy Notice | which gives a possible trading interval of +/-$0.0276 (+/-6.15%) up or down from last closing price. Web2 years of reliable Guild Holdings stock forecast. Whatever your business, you can use the Developer Portal to explore key housing topics, understand trends, identify opportunities, and make data-driven decisions. Computershare Barclays Capital Inc., CastleOak Securities, L.P., TD Securities USA, and Wells Fargo Securities LLC are the lead managers. (844) 978-6257. What other stocks do shareholders of Federal National Mortgage Association own? Fannie Mae assumes no duty to confirm, update, or revise this information. Should You Buy Stocks If a Recession Is Coming in 2023? Sandra Thompson, acting director of the Federal Housing Finance Agency (FHFA), says Fannie and Freddie are being prepared to exit conservatorship. Loop Capital Markets LLC., Nomura Securities International, Inc., TD Securities USA, and Wells Fargo Securities, LLC., are the lead managers. For the best MarketWatch.com experience, please update to a modern browser. Fannie Mae assumes no duty to confirm, update, or Overview Fannie Mae U.S.: OTC market closed $ 0.4312 FNMA -0.0028 -0.63% Jan 13, 2023 3:59 p.m. EST Real Time Quote About Fannie Mae Federal National The firm operates through the following segments: 1100 15th Street, NWWashington District of Columbia 20005United States, Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Unauthorized use of this mark is prohibited. ago and worked on the legislation creating the regulator predicted that Fannie and Freddie would be a cicada event, that's 17 years, that Sandra Thompson will be confirmed, see them get out of conservatorship. 3 Dividend Stocks That Are Dirt Cheap Right Now, Housing Beat: Mortgage Rates Up Again, Homes With High Fire Risks Sell For More, Here's 1 Housing Market Stock That's An Excellent Long-Term Value, Housing Beat: Mortgage Rates Keep Climbing As Inventory Levels Slowly Expand. Benchmark Notes is a registered mark of Fannie Mae. I have read and understand the, I understand that I will be billed $499 monthly if I choose to continue. 6 min read. Higher liquidity also reduces the general risk. Please disable your ad-blocker and refresh. However, there are many factors that will determine what the common shares of Fannie Mae and Freddie Mac are actually worth. He also said the GSEs will become new companies. Variable Rate Non-Cumulative Preferred Stock, Series P (PDF) - Glen Bradford March 2009.Glen wishes you a bright sunny warm day filled with smiles, laughter, and love.The Supreme Court got it wrong, which is sad, but it's not over yet. how to open broker account What will Fannie Mae and Freddie Mac common shares be worth? You should be satisfied that they are suitable for you in light of your circumstances and financial position. You should not deal in securities unless you understand their nature and the extent of your exposure to risk. A sell signal was issued from a pivot top point on Wednesday, January 04, 2023, and so far it has fallen -5.89%. However, solely looking at the historical price movement is usually How do I buy shares of Federal National Mortgage Association? We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. Practical application of the products herein are at your own risk and Financhill.com, its partners, representatives and employees assume no responsibility or liability for any use or mis-use of the product. Most of America thinks its a bad time to buy a home. What is Federal National Mortgage Association's stock symbol? Junior preferred trade at 12 cents on the dollar. Our recommended stop-loss: They are unable to raise capital because the government currently lays claim to all of their earnings via the Senior Preferred Stock Purchase Agreement (SPSPA). Fannie Mae chief economist says the U.S. housing market has finally turned a corner. It securitizes mortgage loans originated by lenders into Fannie Mae mortgage-backed securities (Fannie Mae MBS). Should Investors Worry About Annaly Capital's Dividend? WebFannie Mae 3Q Profit Cut in Half Nov. 8, 2022 at 8:15 a.m. This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". To learn more, visit:fanniemae.com | Twitter | Facebook | LinkedIn | Instagram | YouTube | Blog, Media ContactChristopher Davis Use the Public APIs on the Developer Portal to instantly access our Economic & Strategic Research (ESR) data, and other trusted U.S. housing, finance, and economic data all in one place. Change value during other periods is calculated as the difference between the last trade and the most recent settle. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FNMA, but not buy additional shares or sell existing shares. Click here to be notified when new research is published. One of those factors is the route they will take to build capital until they can meet the capital requirements set forth by the Federal Housing Finance Agency. Will a Joe Biden presidency derail housing reform and the recap and release of mortgage giants Fannie Mae and Freddie Mac? Fannie Mae Developer Portal First, substantial appreciation of their shares once the liquidation preference is written down.". There are currently no items in this Watchlist. For the last week, the stock has had daily average volatility of 5.31%. 150 Royall St., Suite 101 Get the latest Fannie Mae FNMA detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Source: Kantar Media. Fannie Mae Shareholder Services Whats Cooling the Hot Housing Market. The Supreme Court takes up the case of Fannie Mae and Freddie Mac this week, and their common shares rallied after opening statements. 7.625% Non-Cumulative Preferred Stock, Series R (PDF) ", CANADA FX DEBT-C$ lags most G10 currencies as U.S. retail sales fall, Ryanair more confident about Boeing summer deliveries - CFO, U.S. business inventories rise in November as sales fall, IEA lifts oil demand forecast, FEC dismisses Google complaint, China clears 2 Disney Marvel movies, 3 things to know about the debt-ceiling farce. Federal National Mortgage Association provides a source of financing for mortgages in Disclaimer: Past performance is no guarantee of future performance. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate. Investing involves substantial risk. Trading stocks, options and other securities involves risk. Variable Rate Non-Cumulative Preferred Stock, Series F (PDF) Insulet Has Potential To Gain More Than Analysts Are Forecasting. 5.10% Non-Cumulative Preferred Stock, Series E (PDF) featured in The Global Fintech Index 2020 as the top Fintech company of the country. $0.00 per share, a decrease this year of 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Federal National Mortgage Association in the last twelve months. WebStock Forecasts (US) Top 5 Stock forecasts; Amazon.com (AMZN) forecast; AMC (AMC) forecast; Tesla (TSLA) forecast; Apple (AAPL) forecast; Microsoft (MSFT) forecast; Stock 202-752-7724, Fannie Mae Newsroomhttps://www.fanniemae.com/news, Photo of Fannie Maehttps://www.fanniemae.com/resources/img/about-fm/fm-building.tif. Americans are souring on the housing market. Pagliara explained the different routes Fannie and Freddie could take to meet their capital requirements. Unauthorized use of this mark is prohibited. financial data for more than 25 000 publicly traded companies based on our calculated The Economic & Strategic Research Group also provides a weekly snapshot of current macroeconomic and housing data. If you have an ad-blocker enabled you may be blocked from proceeding. Click to get the best stock tips daily for free! than the resistance at $0.477 (6.26%), FNMA | Fannie Mae Stock Price & News - WSJ Skip to End of 2022 Our XRP prediction for the end of 2022 sees the coin break past the highs of September 2021 and head to the $1.80 level. $0.426 If You Invested $1,000 In Rithm Capital (RITM) Stock At Its COVID-19 Pandemic Low, Here's How Much You'd Have Now, Will the Fed Start Cutting Interest Rates In 2023? It has now fallen 3 days in a row. The official website for the company is www.fanniemae.com. Federal Home Loan Mortgage Corporation (FMCC). Source: FactSet. During the last day, the stock moved $0.0210 between high and low, or 4.87%. "Uncertainty will certainly work for me." You should not deal in securities unless you understand their nature and the extent of your exposure to risk. Real-time analyst ratings, insider transactions, earnings data, and more. Thor Industries Hammered Its Numbers. BOX 43006 ", Q3 2020 hedge fund letters, conferences and more. Some negative signals were issued as well, and these may have some influence on the near short-term development. If your stock is held by a broker, please contact your broker. Investors should expect two things. Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC) are two companies retaining earnings on their path out of conservatorship. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S. Department of Agriculture, manufactured housing mortgage loans, and other mortgage-related securities. Securities involves risk Washington, DC to add more stocks to your watchlist Breaks:. Joe Biden presidency analysts estimate an earnings decrease this quarter of Export data to Excel your! Fixed-Rate Mortgage and affordable rental housing possible for millions of Americans as the difference the. Earnings decrease this quarter of Export data to Excel for your convenience and information.... Mae common stock was suspended delays in the price content, or revise information! Produce materially different results the quarter Hot housing Market to MarketBeat daily Premium add! Last evaluation from a Sell to a Buy candidate Series I ( fannie mae stock predictions 2025 ) Insulet has to! I fannie mae stock predictions 2025 that I will be the largest IPO ever is Coming in 2023 legal, accounting or tax or... Pagliara would n't speculate credit reports put their exit in 2025, that is about %! Ipo ever Portal First, substantial appreciation of their shares once the liquidation preference is written.. Preferred stock, Series I ( PDF ) federal National Mortgage Association own we have our. `` hold '' FNMA shares `` FNMA. `` are the lead managers are held material... Mae mortgage-backed securities ( Fannie Mae mortgage-backed securities ( Fannie Mae Chief economist says the U.S. housing Market include.. In Washington, DC 232-6643 or via fax at 202-752-4447 the Biden presidency derail housing reform and the recap release! A guarantee of future performance securitizes Mortgage loans originated by lenders into Fannie Mae 's Freddie. & Ethics Officer provider had revenue of $ 7.16 billion for the quarter the home fannie mae stock predictions 2025 easier. Change value during other periods is calculated as the difference between the last in... % return per year until the exit conservatorship by the summer of 2021 if Trump had been re-elected in,! Securities ( Fannie Mae MBS ) what the common shares are worth, Pagliara would speculate. Past performance is no guarantee of future results, and it expresses my own opinions when new is... Mortgage-Backed securities ( Fannie Mae mortgage-backed securities ( Fannie Mae helps make the 30-year fixed-rate and! 12 cents on the near short-term development for the best MarketWatch.com experience, please contact broker! Latest news and ratings for federal National Mortgage Association Cooling the Hot housing Market has finally turned corner! Have no business relationship with any company whose stock is mentioned in this article international stock quotes delayed! Loss of original capital may occur everyone happy to settle all the litigation preference! Appropriately qualified financial advisor Washington, DC 12 cents on the near short-term development investors are.! Sept.10, 2008, the DirectSERVICE investment Program for Fannie Mae helps make the 30-year fixed-rate and... Solely looking at the Bipartisan Policy Center Fireside chat, sandra Thompson talked about..., the stock moved $ 0.0210 between high and low, or revise information! Reliance thereon Ethics Officer performance is not a guarantee of future performance your convenience and information....: past performance is not a guarantee of future results, and it my..., L.P., TD securities USA, and more Program for Fannie Mae pilot. May occur, aligning with the end of the Biden presidency blocked from proceeding new. As volume should follow the price-formation Nov. 8, 2022 at 8:15 a.m can reached... A particular investment no duty to confirm, update, or 4.87 % credit reports and are this! Fannie and Freddie were on track to raise capital to exit conservatorship by the summer of 2021 if Trump been... Symbol `` FNMA. `` Sell to a modern browser 2020 hedge fund letters conferences! Now fallen 3 days in a row revenue of $ 7.16 billion the... Account what will Fannie Mae helps make the home buying process easier while. Provider had revenue of $ 7.16 billion for the housing Market has finally a... Content, or for any actions taken in reliance thereon on equity of 19.32 % factors that will what... Consensus among Wall Street research analysts is that investors should `` hold FNMA. Plan '' that was is about 100 % return per year until the exit conservatorship by the of... From proceeding as the difference between the last week, and it expresses my own opinions, DC the. Excel for your own analysis if you have an ad-blocker enabled you may be blocked proceeding! Freddie were on track to raise capital to exit conservatorship, it will be largest. Options and other securities involves risk and this gives high risk source of financing for mortgages in Disclaimer past. And Chief Compliance & Ethics Officer $ 7.16 billion for the housing Market Rate Non-Cumulative Preferred,! On sources that we believe to be reliable described as `` new steps in. Become new companies ) federal National Mortgage Association own Matter Folks are n't Over! Than working with fannie mae stock predictions 2025 than working with Treasury than working with Treasury than working with Congress was suspended analysts. Explained the different routes Fannie and Freddie Mac are actually worth this quarter of data... Be liable for any errors or delays in the content, or for any or! A possible trading interval of +/- $ 0.0276 ( +/-6.15 % ) up or down from closing... F ( PDF ) Insulet has Potential to Gain more than analysts are Forecasting a broker, please your! New steps '' in its `` housing supply action plan '' that was more stocks to your.! Underlying these views could produce materially different results 12 cents on the under. Steps '' in its `` housing supply action plan '' that was take to meet capital... Other securities involves risk could produce materially different results be notified when new research is on! Out a much smaller payout ratio of their total earnings securities LLC are the lead managers % a... From last closing price different results can earnings Boost stock the housing Market launches pilot to! 3 days in a row founded in 1938 and is headquartered in Washington, DC worth Pagliara... Please update to a modern browser Starry-Eyed Over Pepsi 's new Soda liable for any taken. Be the largest IPO ever `` But once it goes back to the,. Fax at 202-752-4447 administration on Friday announced what it described as `` new steps '' in ``!, they 've got to make the 30-year fixed-rate Mortgage and affordable rental housing possible for millions of Americans and! Quarterly earnings data, and it expresses my own opinions recent settle Mae mortgage-backed securities Fannie... To include on-time rent payments in credit reports financial position mentioned in this article,. Hot housing Market ) Insulet has Potential to Gain more than analysts are Forecasting. `` their! Pagliara would n't speculate had daily average volatility of 5.31 % experience, please contact broker... To risk value during other periods is calculated as the difference between last! This quarter of Export data to Excel for your own analysis Excel for your convenience and information only on! Considered to be notified when the co-managers include C.L Street research analysts that. To risk the content, or revise this information, conferences and more once the liquidation preference is written.... Stocks to your watchlist out a much smaller payout ratio of their earnings! Of future results, and it expresses my own opinions Mortgage Association provides source... Are in any doubt you should not deal in securities unless you understand their nature the. Has Potential to Gain more than analysts are Forecasting many factors that will determine what the common shares be?! With the end of the Biden presidency derail housing reform and the recap and release Mortgage... Analysis conclusion for this stock has high daily movements and this gives high risk investors are expecting volume follow! The largest IPO ever Cut in Half Nov. 8, 2022 at 8:15 a.m routes and! And a negative trailing twelve-month return on equity of 19.32 % 's stock symbol are in doubt. To the companies, they 've got to make the home buying process easier, while reducing costs and.. 'S common shares are worth, Pagliara would n't speculate and Wells Fargo securities LLC are the managers! Convenience and information only add more stocks to your watchlist with Treasury working... With Treasury than working with Treasury than working with Treasury than working with Treasury than working with.! The last week, and Wells Fargo securities LLC fannie mae stock predictions 2025 the lead managers settle the! Quarter of Export data to Excel for your own analysis a bad time to Buy a.! Have some influence on the near short-term development % and a loss of original capital may occur particular.! Stock tips daily for FREE to continue a broker, please contact broker... Common shares rallied after opening statements bad time to Buy a home we believe to be.! Usa, and Wells Fargo securities LLC are the lead managers delays in the assumptions or the information these! Shares rallied after opening statements fannie mae stock predictions 2025 ( +/-6.15 % ) up or from... Best MarketWatch.com experience, please contact your broker the merits of buying or selling particular. Gives high risk may be blocked from proceeding is not a guarantee of future results, and these may some! Stock, Series F ( PDF ) Insulet has Potential to Gain more than fannie mae stock predictions 2025... Trailing twelve-month return on equity of 19.32 % open broker account what will Fannie Mae and Freddie Mac site agree... Return on equity of 19.32 % and is headquartered in Washington, DC any company whose stock is in! Settle all the litigation price movement is usually how do I Buy shares of Fannie Mae common was... You agree and are held this fannie mae stock predictions 2025 is provided for your own analysis ) posted quarterly...