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More on Annaly Capital (NLY) Q1 earnings: Income of $0.47/share compares to $0.46 in Q4, $0.54 a...

More on Annaly Capital (NLY) Q1 earnings: Income of $0.47/share compares to $0.46 in Q4, $0.54 a year ago. Company disposed of $17.2B of Investment Securities for gain of $182.8M vs. $5.3B for gain of $80.3M a year ago - net income in 2013 Q1 was $464.4M. Net interest spread of 91 bps, off 4 bps from Q4 and 80 bps from a year ago. Leverage of 6.6:1 vs. 6.5:1 a year ago. Book value/share of $15.19 vs. $15.85 on Dec. 31, $16.18 a year ago. Conference call tomorrow at 10 ET. Shares up marginally AH. (PR)
Comments (2)
  • TAS
    , contributor
    Comments (1983) | Send Message
     
    I still like the preferred at the right price.
    1 May 2013, 08:15 PM Reply Like
  • Ray Merola
    , contributor
    Comments (3086) | Send Message
     
    Interested in the conference call details. The disposal activity may indicate that NLY management believes that the NIM is at or near the bottom and will not fall further. The drop was only 4 bps since 12/31/12.
    1 May 2013, 09:48 PM Reply Like
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