An update from New York Mortgage ( (NYMT) ) is now available.
New York Mortgage Trust has demonstrated a robust financial performance in the third quarter of 2024, reporting a net income of $32.4 million and earnings per share of $0.36. The company achieved a significant boost in interest income through strategic portfolio adjustments, acquiring $372.2 million in Agency RMBS and $624.2 million in residential loans. With successful financing activities, including loan securitizations, NYMT continues to focus on portfolio growth and stability, aiming to enhance shareholder value while maintaining a cautious approach amid market uncertainties.
For an in-depth examination of NYMT stock, go to TipRanks’ Stock Analysis page.
