Key Takeaways
- • Fannie Mae (FNMA) jumped as much as 16% and Freddie Mac (FMCC) rose as much as 20% after comments from Pershing Square's Bill Ackman in a CNBC interview.
- • Ackman said he would "get busy on this right after the turn of the year and get it done in the 2027 time frame," arguing that the government-sponsored enterprises should act on that timeline.
- • Ackman said the shares are worth "well into the high $40s, $50 stock," citing the prepayment of the preferred stock and a relisting on the New York Stock Exchange as drivers.
- • Ackman described the opportunity as "the most asymmetric investment I know in the stock market," and said the stocks could rise tenfold.
- • The source does not include a response from the companies, the U.S. government, or any regulator.
Summary
Shares of Fannie Mae and Freddie Mac rose sharply after billionaire investor Bill Ackman, founder of Pershing Square, discussed the two government-sponsored enterprises in an interview on CNBC. According to the report, Fannie Mae's FNMA shares climbed as much as 16% and Freddie Mac's FMCC shares gained as much as 20% in the session.
In the interview, Ackman said that if he were in management's position, he would "get busy on this right after the turn of the year and get it done in the 2027 time frame." The source does not specify the transaction in detail, but Ackman's comments point to a timeline for action in 2027.
Ackman also set a valuation target, saying the stocks are worth "well into the high $40s, $50 stock." He attributed that value largely to the prepayment of the preferred stock and a relisting on the New York Stock Exchange, and said the shares "will go up tenfold." He called the setup "the most asymmetric investment I know in the stock market."
The source is a short market-move report built around these remarks. It does not include company statements, government or regulatory responses, or independent analyst assessments of Ackman's valuation. Readers should treat the price targets and tenfold upside as the views of Ackman as stated in the interview, not as established outcomes.
In the interview, Ackman said that if he were in management's position, he would "get busy on this right after the turn of the year and get it done in the 2027 time frame." The source does not specify the transaction in detail, but Ackman's comments point to a timeline for action in 2027.
Ackman also set a valuation target, saying the stocks are worth "well into the high $40s, $50 stock." He attributed that value largely to the prepayment of the preferred stock and a relisting on the New York Stock Exchange, and said the shares "will go up tenfold." He called the setup "the most asymmetric investment I know in the stock market."
The source is a short market-move report built around these remarks. It does not include company statements, government or regulatory responses, or independent analyst assessments of Ackman's valuation. Readers should treat the price targets and tenfold upside as the views of Ackman as stated in the interview, not as established outcomes.
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