Chimera Investment Says The Palisades Transaction Is Expected To Broaden Chimera's Residential Credit Reach And Be Accretive To Earnings In 2025
Portfolio Pulse from Benzinga Newsdesk
Chimera Investment announced that its transaction with Palisades is expected to expand its residential credit reach and positively impact earnings by 2025.
October 17, 2024 | 10:42 am
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Chimera Investment's transaction with Palisades is anticipated to enhance its residential credit capabilities and contribute positively to earnings by 2025.
The transaction with Palisades is expected to broaden Chimera's residential credit reach, which is a strategic expansion. Additionally, the deal is projected to be accretive to earnings by 2025, indicating a positive financial impact. This suggests a favorable outlook for Chimera's stock in the short term.
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