Ellington Financial Inc. Reports Third Quarter 2024 Results
Portfolio Pulse from
Ellington Financial Inc. reported its Q3 2024 financial results, with a net income of $16.2 million or $0.19 per common share. The investment portfolio contributed $44.0 million, the credit strategy $39.2 million, and the Agency strategy $4.8 million.
November 06, 2024 | 10:00 pm
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Ellington Financial Inc. reported a net income of $16.2 million for Q3 2024, with significant contributions from its investment portfolio and credit strategy.
The positive net income and strong contributions from the investment portfolio and credit strategy suggest a favorable short-term impact on EFC's stock price. The earnings per share of $0.19 indicates profitability, which is likely to be viewed positively by investors.
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