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The latest update is out from Invesco Mortgage ( (IVR) ).
Invesco Mortgage Capital Inc. has reported positive financial results for Q3 2024, with net income per common share rising to $0.63 from a loss in the previous quarter. The company’s book value per common share increased to $9.37, driven by improved agency mortgage valuations and a steepened yield curve following the Federal Reserve’s monetary policy easing. Despite a decrease in earnings available for distribution per share, the economic return improved to 5.4%, aided by a consistent dividend. Investors are encouraged by the potential for a favorable environment for Agency RMBS investments, despite ongoing market risks.
Find detailed analytics on IVR stock on TipRanks’ Stock Analysis page.