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Why is Agnc Investment Corp (AGNC) Stock down?

We've noticed a 7.43% decline in Agnc Investment Corp (AGNC) stock during the 2023-10-25 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
24 Oct, 2023:

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.
$19.39
price up icon 1.73%
reit_mortgage NLY
$19.02
price up icon 1.33%
$10.94
price up icon 2.53%
$18.15
price up icon 2.37%
reit_mortgage ABR
$13.76
price up icon 0.36%
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