Annaly Capital Management, Inc. engages in the investment and financing of residential and commercial assets. It operates through the following investment groups: Agency, Residential Credit, and Mortgage Servicing Rights. The Agency group invests in agency mortgage-backed securities. The Residential Credit group involves non-agency residential mortgage assets within securitized products and whole loan markets. The Mortgage Servicing Rights group provides the right to service residential mortgage loans in exchange for a portion of the interest payments made on the loans. The company was founded by Michael A. J. Farrell and Wellington Jamie Denahan-Norris on November 25, 1996 and is headquartered in New York, NY.
Annaly Capital Management earnings beat by $0.01, revenue topped estimates
Annaly Capital Management (NLY) closed at $20.8 in the latest trading session, marking a +1.32% move from the prior day.
Here is how Lemonade (LMND) and Annaly Capital Management (NLY) have performed compared to their sector so far this year.