NYSE:CIM - New York Stock Exchange, Inc. - US16934Q8024 - REIT - Currency: USD
A hotter-than-expected inflation report initially rattled markets on Wednesday morning, but investors found confidence to buy the dip, helping major indexes recover most losses by midday trading in New York.
CIM stock results show that Chimera Investment missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
Discover three high dividend Nasdaq stocks with good valuations and dividends of about 10% that Wall Street is sleeping on.
Chimera Investment Corporation (NYSE:CIM) has underperformed most mortgage REITs over the past year, with its stock reaching an all-time low below $11.50 as of May 24, 2024. This decline reflects a challenging environment for mortgage REITs, driven by rising interest rates and economic uncertainties. In its recent financial report for Q1 2024, Chimera posted a […]