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Stock impact report

Bimini Capital Management Announces Second Quarter 2024 Results [Yahoo! Finance]

Orchid Island Capital, Inc. (ORC) 
Last orchid island capital, inc. earnings: 10/24 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
announced results of operations for the three-month period ended June 30, 2024. Second Quarter 2024 Highlights Net loss of $0.3 million, or $0.03 per common share Book value per share of $0.81 Company to discuss results on Friday, August 2, 2024, at 10:00 AM ET Management Commentary Commenting on the second quarter results, Robert E. Cauley, Chairman and Chief Executive Officer, said, "The long-awaited pivot on the part of the Federal Reserve may finally be at hand. Persistently strong growth of the U.S. economy and above trend inflation appear to have moderated sufficiently that the Fed now sees the risks to the economy as balanced – implying there is equal risk of more growth or a slow-down. Because the Fed sees its current monetary policy as restrictive, the Fed may begin to reverse some of the tightening that occurred in 2022 and 2023 and ease monetary policy. Economic data released for April, May and June show moderating inflation that appears headed towards the Fed's Show less Read more
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