AGNC - AGNC Investment's Q2 2019 And 7/19/2019 BV Projection (Includes NLY BV Projection)

Focus of Article:

The focus of this article is to provide a detailed projection of AGNC Investment Corp.’s (AGNC) book value (“BV”) per common share as of 6/30/2019. Prior to results being provided to the public on 7/24/2019 (via the company’s quarterly press release), I would like to analyze AGNC’s BV as of 6/30/2019 and provide readers a general direction on how I believe this recent quarter has panned out. A previous three-part article I wrote laid the groundworks for this BV projection. In that article, I projected/analyzed AGNC’s income statement (technically speaking,