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Jun 30, 2024
Annaly Q2 2024 Earnings Report
Annaly's financial performance reflected a positive economic return, driven by diversified capital allocation and a balanced hedge portfolio.
Key Takeaways
Annaly Capital Management reported a GAAP net loss of ($0.09) per average common share, but earnings available for distribution (EAD) of $0.68 per average common share. The company's economic return was 0.9% for the quarter and 5.7% for the first half of the year. Annaly strategically increased its Agency portfolio and maintained a conservative hedge position.
GAAP net loss of ($0.09) per average common share for the quarter.
Earnings available for distribution (EAD) of $0.68 per average common share for the quarter.
Economic return of 0.9% for the second quarter and 5.7% for the first half of 2024.
Agency portfolio increased 2% quarter-over-quarter.
Forward Guidance
Annaly anticipates growth due to moderating interest rate volatility and dovish monetary policy.
Positive Outlook
- Near-term rate cut is increasingly likely.
- Interest rate volatility appears poised to moderate.
- More dovish monetary policy is on the horizon.
- Substantial liquidity.
- Prudent leverage and nimble capital structure.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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