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Fly News Breaks for July 21, 2015
NLY
Jul 21, 2015 | 08:26 EDT
FBR Capital expects investors to react negatively to Annaly Capital's CEO and co-founder, Wellington Denahan, stepping down as CEO. Investors will likely gauge the move as a potential "red flag," FBR states in a research note. The firm points out that some investors may view the CEO change as possibly bringing a new policy around share repurchases. FBR says share purchases are unlikely, however. It keeps an Underperform rating on Annaly..
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