Summary by Moomoo AI
AGNC Investment Corp. reported a total comprehensive loss of $(0.13) per diluted common share for Q2 2024, resulting in an economic loss of -0.9% on tangible common equity. The loss comprised $0.36 dividends declared per common share and a $(0.44) decrease in tangible net book value per share. The negative return was driven by widening Agency RMBS spreads and higher interest rates.Net spread and dollar roll income per diluted common share totaled $0.53 for Q2, down from $0.58 in Q1. This decline was primarily due to higher swap costs from replacing maturing swaps and increasing the overall swap position, which outweighed the increase in average asset yield. The weighted average coupon on fixed-rate Agency RMBS and TBA securities rose to 4.95% from 4.86% in Q1.AGNC maintained a significant interest rate...Show More
