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EFC
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Ellington Financial Inc. Reports Fourth Quarter 2024 Results

1. EFC reports Q4 2024 net income of $22.4 million, $0.25 per share. 2. Credit strategy generated $29.3 million, while Agency strategy lost $4.0 million.

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FAQ

Why Bullish?

The positive net income and performance of the credit strategy indicate strong operational health. Historically, strong earnings can lead to stock price appreciation, as seen with similar companies in the mortgage REIT sector.

How important is it?

The earnings report contains crucial financial metrics that will directly influence investor sentiment and stock valuation. Consistent net income will likely bolster confidence in EFC's long-term financial stability.

Why Short Term?

Investors typically react quickly to earnings reports, likely impacting EFC's price soon. The positive financials may lead to immediate market confidence and buying activity.

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OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("we") today reported financial results for the quarter ended December 31, 2024. Highlights Net income attributable to common stockholders of $22.4 million, or $0.25 per common share.1 $25.3 million, or $0.28 per common share, from the investment portfolio. $29.3 million, or $0.32 per common share, from the credit strategy. $(4.0) million, or $(0.04) per common share, from the Agency strategy. $26.8 million, or $0.30 pe.

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