New York Mortgage Trust shares are trading lower after the company reported worse-than-expected Q2 financial results.
Portfolio Pulse from Benzinga Newsdesk
New York Mortgage Trust's shares are trading lower following the company's worse-than-expected Q2 financial results.
August 04, 2023 | 2:19 pm
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New York Mortgage Trust's stock price is falling due to worse-than-expected Q2 financial results.
New York Mortgage Trust reported Q2 results that were below expectations, which has led to a decrease in the company's stock price. Investors often react to earnings reports, and in this case, the negative report has resulted in a sell-off of the company's shares.
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