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Chimera Investment income bounces back, book value rises

Published 08/02/2017, 07:42 AM
© Reuters.  Chimera Investment income bounces back, book value rises
  • Q2 core earnings of $112.1M or $0.60 per share vs. $96M and $0.51 in Q1. Dividend is $0.50.
  • June 30 GAAP book value of $16.54 per share up from $16.20 three months earlier. Last night's close of $18.90 is a 14% premium to book.
  • Economic return on book value for quarter of 5.2%.
  • Company purchased about $377M in loans in Q2, and committed to buy another $620M. Both would bring loan purchases for the year to $5.1B. One MBS sponsored for $377M, with $1.3M of expenses incurred.
  • Previously: Chimera Investment misses by $0.03, misses on revenue (Aug. 2)
  • CIM flat premarket
  • Now read: Chimera Has Two Good Investment Options While MTGE Has One Bad Option


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