AGNCO - Assessing AGNC Investment's Results For Q2 2021 (Includes Dividend Projection Through October 2021)

• On 7/26/2021, AGNC reported results for the second quarter of 2021. AGNC reported a comprehensive loss of ($488) million and a non-tangible BV as of 6/30/2021 of $17.39 per common.
• In this article, I will discuss my previous account projections versus actual results. I will also discuss AGNC’s dividend sustainability through October 2021.
• I will also provide my thoughts about AGNC’s MBS and derivatives portfolios as of 6/30/2021 and discuss trends that have occurred during July 2021 impacting the sector.
• AGNC’s BV performance slightly underperformed my expectations while the company’s net spread + dollar roll income modestly exceeded my expectations.
• My current price target and recommendation are stated in the “Conclusions Drawn” section.

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