AGNC Investment Corp. (AGNC) announced on Monday a net income of $122 million, translating to $0.10 per share for the fourth quarter. The company also reported a comprehensive loss of $93 million, which amounts to $0.11 per share. As of December 31, 2024, AGNC's investment portfolio stood at $73.3 billion, with $65.5 billion allocated to Agency Mortgage-Backed Securities (MBS).
Peter Federico, the President and CEO of AGNC, expressed optimism for Agency MBS as they head into 2025. He remarked, "The increasingly favorable conditions that emerged in 2024 bolster our positive outlook. The Federal Reserve has at last adjusted its previously restrictive monetary policy and has initiated the process of normalizing short-term interest rates."
