Annaly Capital Management Inc. (NLY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome everyone to the Annaly Capital Management Second Quarter 2026 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press the star key followed by the number one on your telephone keypad. If you would like to withdraw your question, again press star one. At this time, I would like to turn the conference over to Sean Hensel, Director of Investor Relations. Please go ahead. Good morning, and welcome to the second quarter 2026 earnings call for Analy Capital Management. Please note that this call is being recorded. As a reminder, materials for today's call are available on our website at www.analy.com. Today's call may include forward-looking statements, which are subject to certain risks and uncertainties. that could cause actual results to differ materially and refer to certain non-GAAP measures. Please see the notices in our earnings release for important information regarding forward-looking statements and non-GAAP measures. Participants on this morning's call include David Finkelstein, Chief Executive Officer and Co-Chief Investment Officer, Serena Wolfe, Chief Financial Officer, Mike Sania, Co-Chief Investment Officer and Head of Residential Credit, V.S. Srinivasan, Head of Agency, and Ken Adler, Head of Mortgage Services and Rights. And with that, I'll turn the call over to David. Thank you, Sean. Good morning, everyone, and thanks for joining us. Today, I'll open with a brief macro update for discussing our performance for the quarter. Then I'll provide further detail on each of our three investment strategies and finish with our outlook. Serena will th...