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AGNCB - AGNC Investment News Story

$25.21 0.0  0.0%

Last Trade - 25/11/19

Sector
Financials
Size
Large Cap
Market Cap £8.13bn
Enterprise Value £77.00bn
Revenue £2.25bn
Position in Universe 764th / 6431

BUZZ-AGNC Investment having best day in nearly 4 years after Q3 report

Thu 31st October, 2019 3:02pm
** AGNC Investment Corp  AGNC.O  shares up 3.2% at $17.01
after mortgage REIT posts bottom line beat
    ** AGNC on course for biggest one-day pct gain since Feb
2016
    ** Reports Q3 adj EPS of 59 cents vs Refinitiv IBES estimate
of 49 cents/sh
    ** "As evidenced by our financial results, our portfolio was
very well-positioned for the current environment" (CEO/CIO Gary
Kain)
    ** Says portfolio "largely insulated" from negative effects
of faster prepayment speeds
    ** AGNC tangible book value/sh was $16.55 at end-Sept, down
3 cents from prior qtr
    ** Avg rating among 11 brokerages covering stock is "hold";
median PT is $16.75 (Refinitiv data)
    ** With Thurs move, AGNC cutting YTD loss to 3% vs Dow Jones
U.S. Mortgage REITs Index's  .DJUSMR  4% advance

 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))
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