AGNC Investment reports Q2 comprehensive EPS (13c) vs. (13c) last year

Reports Q2 $7.81 tangible net book value per common share, down 44c per common share, or -5.3%, from $8.25 per common share in the previous quarter. “Following the administration’s ‘Liberation Day’ tariff announcement in early April, financial markets repriced significantly to reflect greater governmental policy risk and its potentially adverse impact on the economy and monetary policy. Interest rate volatility also increased notably, and investor sentiment turned sharply negative,” said Peter Federico, the Company’s President, CEO and Chief Investment Officer. “Although most asset class valuations retraced the April losses and ultimately increased quarter-over-quarter, Agency MBS were an exception, as spreads to benchmark rates widened moderately during the second quarter. As a result of this underperformance, AGNC‘s economic return for the second quarter was -1.0%.”