On Wednesday, Shares of Annaly Capital Management, Inc. (NYSE:NLY), gained 0.89% to $10.25.
Annaly Capital Management declared its financial results for the quarter ended June 30, 2015.
The Company stated GAAP net income for the quarter ended June 30, 2015 of $900.1 million, or $0.93 per average common share, contrast to a GAAP net loss of $476.5 million, or $0.52 loss per average common share, for the quarter ended March 31, 2015, and a GAAP net loss of $335.5 million, or $0.37 loss per average common share, for the quarter ended June 30, 2014. The enhance for the quarter ended June 30, 2015 contrast to each of the quarters ended March 31, 2015 and June 30, 2014 is the result of favorable changes in realized and unrealized losses on our interest rate swaps given the higher interest rate environment.
Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. The company invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; acquires, finances, and manages commercial mortgage loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets; and operates as a broker-dealer.
Shares of Coach, Inc. (NYSE:COH), declined -4.44% to $31.19, during its last trading session, as the weaker yuan weighed down luxury retailer stocks.
Earlier Wednesday, the People’s Bank of China set the midpoint reference rate for the yuan lower than Tuesday, resulting in a 4% devaluation of the yuan against the U.S. dollar in two days, according to Reuters.
The weaker yuan put pressure on luxury retail stocks for which China is a key growth market. In its fiscal fourth quarter earnings report Coach said that sales in China grew 5% in dollars and 4% in constant currency in the quarter while North American sales reduced by 20%.
Coach, Inc. provides luxury accessories and lifestyle collections for women and men in the United States and internationally. It offers handbags, money pieces, wristlets, rings, charms, and cosmetic cases for women; and business cases, computer bags, messenger-style bags, totes, wallets, card cases, and belts, in addition to time administration and electronic accessories for men.
Finally, The Blackstone Group L.P. (NYSE:BX), ended its last trade with 0.47% gain, and closed at $38.10.
On July 28, Blackstone Mortgage Trust, Inc. (BXMT) stated its second quarter 2015 results. Net income for the second quarter was $29 million, or $0.36 per share.
Stephen D. Plavin, Chief Executive Officer, said, “This was a landmark quarter for BXMT. We closed $6.5 billion of loans, counting the entire $4.9 billion GE portfolio, and added $1.73 to our book value primarily from the equity we issued to fund new investments. We enter the second half of the year with all of the drivers for noteworthy growth in Core Earnings and dividends already in place.”
Blackstone Mortgage Trust, Inc. (BXMT) is a real estate finance company that originates and acquires senior loans collateralized by properties in North America and Europe.
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations.
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