Annaly (NLY) Rides on Diversification Amid Market Volatility
Annaly(NLY) ZACKS·2024-08-16 23:10
Annaly Capital Management, Inc. (NLY) is benefiting from an improvement in the average yield on interestearning assets. The company's prudent asset selection will drive its performance. However, the current market volatility remains a near-term concern. Additionally, the company's dividend reduction and an unutilized share repurchase program raise concerns regarding capital distribution. Annaly's investment strategy is driven by the prudent selection of assets and effective capital allocation to achieve sta ...