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Annaly Capital Management, Inc. Reports Core EPS of $0.60
Wednesday, October 27, 2010 - 4:18pm | 130Annaly Capital Management, Inc. (NYSE: NLY) today reported Core Earnings for the quarter ended September 30, 2010, of $371.1 million or $0.60 per average share available to common shareholders as compared to Core Earnings of $413.3 million or $0.75 per average share available to common shareholders...
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Sterne Agee Reiterates Neutral Rating on American Capital Agency Corp. (AGNC)
Wednesday, October 27, 2010 - 9:29am | 125Sterne Agee is out with a research report this morning, where it reiterates its Neutral rating on American Capital Agency Corp. (NASDAQ: AGNC); it did not provide a price target for the stock. The Sterne Agee analysts cited the company's recently reported quarterly earnings, which were mixed. AGNC...
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AGNC Reports $1.69 Earnings Per Share
Tuesday, October 26, 2010 - 4:39pm | 270American Capital Agency Corp. (Nasdaq: AGNC) today reported net income for the third quarter of 2010 of $60.0 million, or $1.69 per share, and book value of $23.43 per share. THIRD QUARTER 2010 FINANCIAL HIGHLIGHTS $1.69 per share of net income $1.11 per share, excluding $0.59 per...
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Capital Trust Reports Third Quarter 2010 Results; EPS ($6.02)
Tuesday, October 26, 2010 - 4:06pm | 123Capital Trust, Inc. (NYSE: CT) today reported results for the quarter ended September 30, 2010. Operating Results: Reported net loss of $134.7 million or $6.02 per share for the third quarter. The quarter's results were driven primarily by provisions for loan losses, credit impairments on...
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Sterne Agee Likes Chimera Investment Corporation (CIM)
Tuesday, October 26, 2010 - 7:13am | 110Sterne Agee has a Buy rating and $4.75 price target on Chimera Investment Corporation (NYSE: CIM). In a note to clients, Sterne Agee writes, "CIM reported core EPS for the third quarter of $0.16 vs. $0.19 last quarter. The results fell short consensus $0.18. Effective (calculated) yields (=int. inc...
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Spotlight on a 9% Yield Stock
Monday, October 25, 2010 - 5:53pm | 558Some income investors are so jittery, that they don't want to risk their money in stocks, are almost as concerned about corporate bonds, and even want to avoid state and local municipal bonds. There isn't much left, except bank CD's and United States Government backed bonds. Thirty year Treasury...
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Chimera Investment Corporation Reports Core EPS of $0.16
Monday, October 25, 2010 - 4:30pm | 167Chimera Investment Corporation (NYSE: CIM) today reported Core Earnings for the quarter ended September 30, 2010, of $139.0 million or $0.16 per average share as compared to Core Earnings for the quarter ended September 30, 2009, of $85.9 million or $0.13 per average share and Core Earnings for the...
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Calls Purchased on iStar Financial Inc. (SFI)
Monday, October 25, 2010 - 3:28pm | 142Shares of iStar Financial Inc. (NYSE: SFI) are higher on the session by 2.34%, currently trading at $3.50. The stock has been moving largely lower over the past six months, trending lower below the 50-day and 200-day moving averages. Options traders are buying calls on SFI today. A short while ago...
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NOT JAPAN?
Tuesday, October 19, 2010 - 5:05am | 369The data trends say otherwise (via the SF Fed): “With this sizeable output gap hanging over the economy, we expect both core and headline inflation to be restrained for some time. We project personal consumption expenditures (PCE) inflation to be around 1% in 2011 and 2012.” “The September 21,...
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When all Else Fails, Find the Foreclosure Facts
Monday, October 18, 2010 - 11:44am | 1854Sheila Bair, who has chaired the Federal Deposit Insurance Corporation (FDIC) since her appointment by President Bush on June 26, 2006, has been the only top federal banking regulator willing to upset the industry she regulates. Reuters reports on her less than vigorous reaction to the disclosure...
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Guest Post: Tranche Warfare
Monday, October 18, 2010 - 8:30am | 2374Today we have a special treat, a guest post from my friend Mark Marasciullo, one of the savviest commercial real estate owners and operators on the east coast. Mark is the managing partner of New Canaan Partners in Greenwich, CT. The below is a look at the state of the commercial real estate...
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Amid MFA Resecuritization, Jefferies & Company Anticipates Non-Agency Investments
Wednesday, October 13, 2010 - 9:21am | 108MFA Financial, Inc. (NYSE: MFA) announced the completion of a resecuritization transaction last night after the market close. Jefferies & Company reports that that the resecuritization enables the company to apply modest non-callable leverage to a portion of its non-Agency book, freeing up...
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MFA Financial, Inc. Finances $246.3M of its Non-Agency RMBS
Tuesday, October 12, 2010 - 4:31pm | 116MFA Financial, Inc. (NYSE: MFA) announced today that as part of a re-securitization transaction on October 8, 2010 it sold an aggregate of $985.2 million in principal value of Non-Agency residential mortgage-backed securities to Deutsche Bank Securities, Inc. In connection with this transaction,...
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Annaly Capital Management, Inc. Announces Conversion Rate Adjustment for 4.00% Convertible Senior Notes
Monday, October 11, 2010 - 3:57pm | 151Annaly Capital Management, Inc. (NYSE: NLY) today announced an adjustment to the conversion rate for 4.00% Convertible Senior Notes Due 2015. The adjustment to the conversion rate for the Notes is being made pursuant to the governing indenture for the Notes in light of the Company's previously...
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Newcastle Investment Corp. Falling On Higher Than Normal Volume (NCT)
Monday, October 11, 2010 - 10:20am | 159Shares of Newcastle Investment Corp. (NYSE: NCT) are moving lower this morning by 3.12%, currently trading at $3.73. The stock has traded 274,000 shares within the first 40 minutes of trading, which is 52% of the stock's 10-day average volume. Shares are trending to trade over 3.5 million shares...