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NLYBearishEarningsnews
Materiality pending

Annaly (NLY) Meets Q1 Earnings Estimates, Logs Negative NII

Apr 25, 2024, 12:36 PM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- Annaly Capital Management reported first-quarter earnings meeting estimates, but lower than last year. - Decline in book value per share and the margin, but an improvement in average yield. - Net interest income was negative, total assets decreased by 1.9%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • Annaly Capital Management reported first-quarter earnings meeting estimates, but lower than last year.
  • Decline in book value per share and the margin, but an improvement in average yield.
  • Net interest income was negative, total assets decreased by 1.9%.

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