trending Market Intelligence /marketintelligence/en/news-insights/trending/F6MGj8ldLLYxKWz4SddWbQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

AGNC Investment sees book value edge down in Q4'16

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


AGNC Investment sees book value edge down in Q4'16

AGNC Investment Corp. reported fourth-quarter 2016 net income available to common stockholders of $1.01 billion, or $3.06 per share, compared with $581 million, or $1.70 per share, in the year-ago period.

The company logged a comprehensive loss available to common stockholders of $395 million, or $1.19 per share, versus comprehensive income available to common stockholders of $20 million, or 6 cents per share, in the prior-year period.

Net spread and dollar roll income, excluding catch-up premium amortization, was 64 cents per share, compared with 54 cents per share in the same quarter of the previous year.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 59 cents.

President, CEO and Chief Investment Officer Gary Kain said in a statement that the U.S. election led to a "major repricing in every financial market," and the rapid jump in interest rates and wider MBS spreads resulted in the company's economic return of negative 5.2% in the quarter.

Net interest income was $295 million for the most recently completed quarter, versus $288 million in the year-ago period. Net book value per common share was $21.17 as of Dec. 31, 2016, down from $22.91 as of Sept. 30, 2016, and $22.59 as of Dec. 31, 2015.

AGNC Investment's agency securities had a fair value of $45.39 billion as of year-end 2016, compared with $51.33 billion at the end of 2015.

Total assets were $56.88 billion as of Dec. 31, 2016, versus $57.02 billion a year ago. Average net interest rate spread, including to-be-announced dollar roll income or loss, was 2.02% for the fourth quarter of 2016, compared with 1.47% in the same quarter of the previous year.

For full year 2016, net income available to common stockholders was $595 million, or $1.79 per share, versus $187 million, or 54 cents per share, in 2015. Comprehensive income available to common stockholders was $264 million, or 80 cents per share, compared with a comprehensive loss attributable to common stockholders of $309 million, or 89 cents per share, a year ago.

The S&P Capital IQ consensus normalized EPS estimate for full year 2016 was $2.27.