U.S. President Donald Trump is meeting with several bank CEOs to propose their ideas for monetizing government-sponsored enterprises Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC), with a major public stock offering in focus, according to a Thursday media report.
Fannie (OTCQB:FNMA) and Freddie (OTCQB:FMCC) — which have been under government conservatorship since the 2008 financial crisis — saw their stocks surge 15% and 6%, respectively, in after-hours trading, albeit on light volume.
JPMorgan Chase CEO Jamie Dimon reportedly has already started talking with Trump after years of chilly relations between the two.
Meanwhile, Goldman Sachs (NYSE:GS) CEO David Solomon is gathering with Trump on Thursday afternoon, and Bank of America (NYSE:BAC) CEO Brian Moynihan is set to meet with Trump in the days ahead, Bloomberg reported, citing people familiar with the matter.
Other banks are likely to be included in the talks, the people added.
In May, Trump said he was seriously considering to bringing Fannie (OTCQB:FNMA) and Freddie (OTCQB:FMCC) public, with the bulk of the entities’ shares held by the government.
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