AGNC# Stock
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Q3 EPS of $3.98 may not be comparable to consensus of $1.08.
American Capital Agency (AGNC) board authorizes a stock repurchase plan of
up to $500M of common stock through December 2013.
More on American Capital Agency (AGNC) Q3 earnings: Book value of $32.49/
share up from $29.41 last quarter. Average asset yield dipped 18 bps to 2.55
%, and cost of funds increased 5 bps to 1.13%, dropping net interest spread
to 1.42% from 1.65%. Constant prepayment rate of just 9%, down 100 basis
points from Q2, and maybe at or near an industry low. As reported earlier,
the board tries to draw a line in the sand on the stock price, authorizing a
$500M share repurchase - about 5% of the float.
American Capital Agency (AGNC) board authorizes a stock repurchase plan of
up to $500M of common stock through December 2013.
More on American Capital Agency (AGNC) Q3 earnings: Book value of $32.49/
share up from $29.41 last quarter. Average asset yield dipped 18 bps to 2.55
%, and cost of funds increased 5 bps to 1.13%, dropping net interest spread
to 1.42% from 1.65%. Constant prepayment rate of just 9%, down 100 basis
points from Q2, and maybe at or near an industry low. As reported earlier,
the board tries to draw a line in the sand on the stock price, authorizing a
$500M share repurchase - about 5% of the float.