Banks serve as the backbone of the economy, facilitating lending, deposits, and financial services that keep businesses and consumers moving forward. But concerns about loan losses and tightening regulations have tempered enthusiasm,
and over the past six months, the banking industry has pulled back by 6.9%. This drop was disappointing since the S&P 500 stood firm.
Annaly Capital Management is a mortgage real estate investment trust, or REIT, that focuses on individual residences. It has an $81 billion portfolio that has financed more than 900,000 homes.
