Annaly Capital Management (NLY) Reports In-Line Q1 EPS

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FBR Capital Remains Bullish on Annaly Capital Management (NLY) Following In-Line Quarter

May 6, 2016 7:29 AM EDT

FBR Capital reiterated an Outperform rating and $12.00 price target on Annaly Capital Management (NYSE: NLY) following the company's 1Q earnings report. EPS of $0.30 came in just below last quarter despite the company's net interest spread decreasing 20 bps to 1.77%.

Analyst Jessica Levi-Ribner commented, "Annaly Capital Management reported 1Q16 normalized core EPS of $0.30 (which... More