Agnc Investment Corp (AGNC)

AGNC Investment Corp. Stock (AGNC) dropped by 7.03% from $8.11 to $7.54 in the trading on Tuesday October 24, 2023. The reason why AGNC stock down today is due to its preliminary estimates for Q3 earnings. AGNC delivered preliminary results in Q3 2023 with drop in book value, seemed to weigh on the stock as did the broader market sell-off, causing AGNC stock down today.

• Tangible book value per share dropped by $2.71 or about 28%, a significant loss.
• Total comprehensive loss was estimated to be $(1.02) per common share.
• Total investment portfolio was approximately $59.3 billion; net spread and dollar roll income was estimated to be $0.65 per common share.