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Annaly Capital Management reported Q3 revenues of $885.6 million, up 637% YoY, exceeding analysts' expectations by 7.2%. The company's share price is up 7.5% since reporting and currently trades at $22.91. Despite the top-line beat, Annaly Capital Management missed analysts' net interest income estimates. The thrifts & mortgage finance industry benefits from demographic tailwinds and interest rate stabilization but faces headwinds such as net interest margin compression, increased competition, and potential housing market corrections.
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