trending Market Intelligence /marketintelligence/en/news-insights/trending/Gmu0-ymU-R5u6EHmXxX5AQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

JPMorgan upgrades AGNC on quality of portfolio

Blog

Banking Essentials Newsletter: May Edition

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

Banking Essentials Newsletter: April Edition - Part 2

Blog

The Evolution of Cloud Banking: Successful Implementation & Frameworks


JPMorgan upgrades AGNC on quality of portfolio

JPMorgan analysts upgraded AGNC Investment Corp. to "overweight" from "neutral" due to what they called the company's strong risk/reward profile heading into 2019.

"We believe AGNC remains one of the best-managed" mortgage REITs, and the acquisition of its external manager is "a long-term positive," the analysts said.

AGNC's portfolio of mortgage-backed securities could benefit from "a pause" in Federal Reserve tightening in 2019, they wrote. It also has a high market capitalization and more trading liquidity than most mortgage REITs.

The analysts raised the company's price target to $18 from $17.50.