Chimera Investment (CIM)
Market Price (9/6/2026): $11.67 | Market Cap: $978.1 MilSector: Financials | Industry: Mortgage REITs
Chimera Investment (CIM)
Market Price (9/6/2026): $11.67Market Cap: $978.1 MilSector: FinancialsIndustry: Mortgage REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.3% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Real Estate Finance. Themes include Mortgage Asset Investing. | Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -79% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1333% Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 806x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -27% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -180%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -180% Key risksCIM key risks include [1] high delinquency rates in its loan portfolio, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 14%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.3% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Real Estate Finance. Themes include Mortgage Asset Investing. |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -79% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1333% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 806x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -27% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -180%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -180% |
| Key risksCIM key risks include [1] high delinquency rates in its loan portfolio, Show more. |
Qualitative Assessment
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Chimera Investment (CIM) stock has lost about 10% since 5/31/2026 because of the following key factors:
1. Chimera Investment (CIM) reported a GAAP net loss of $4.0 million, or $(0.05) per diluted share, for fiscal Q2 2026, which ended June 30, 2026. This represented a significant decline in profitability, swinging from a net income in the prior year and contributing to a six-month net loss of US$26.54 million in the first half of fiscal 2026. Additionally, the company missed analyst consensus estimates for both earnings per share (reporting $0.46 against an estimated $0.54) and revenue (reporting $94.77 million against an estimated $95.30 million) for the quarter.
2. The company experienced a 3.2% decline in GAAP book value per common share, which fell to $17.75 as of June 30, 2026. This reduction was primarily attributed to the impact of rising interest rates on Chimera's securitized loan portfolio, leading to an economic return of negative 0.76% for fiscal Q2 2026. This indicates pressure on the company's asset valuations from broader macroeconomic factors.
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Chimera Investment (CIM) stock has lost about 10% since 5/31/2026 because of the following key factors:
1. Chimera Investment (CIM) reported a GAAP net loss of $4.0 million, or $(0.05) per diluted share, for fiscal Q2 2026, which ended June 30, 2026. This represented a significant decline in profitability, swinging from a net income in the prior year and contributing to a six-month net loss of US$26.54 million in the first half of fiscal 2026. Additionally, the company missed analyst consensus estimates for both earnings per share (reporting $0.46 against an estimated $0.54) and revenue (reporting $94.77 million against an estimated $95.30 million) for the quarter.
2. The company experienced a 3.2% decline in GAAP book value per common share, which fell to $17.75 as of June 30, 2026. This reduction was primarily attributed to the impact of rising interest rates on Chimera's securitized loan portfolio, leading to an economic return of negative 0.76% for fiscal Q2 2026. This indicates pressure on the company's asset valuations from broader macroeconomic factors.
3. Analysts adjusted price targets and ratings downward following the fiscal Q2 2026 results, reflecting increased uncertainty. Keefe, Bruyette & Woods decreased their price objective for Chimera Investment shares from $15.00 to $14.00 on August 6, 2026, maintaining a "market perform" rating. Royal Bank of Canada also maintained a "sector perform" rating with a $14.00 price target on June 3, 2026. This collective re-evaluation by analysts likely contributed to the negative stock movement.
4. Chimera's decision to declare third-quarter 2026 cash dividends on all four series of its preferred stock, despite weakening common equity profitability, raised investor concerns. While Earnings Available for Distribution (EAD) of $0.46 per diluted common share covered the common dividend of $0.45 per share for fiscal Q2 2026, the overall weaker profitability, including the six-month net loss, highlighted the ongoing cash commitment to preferred shareholders. This tightens the company's financial flexibility and increases the perceived risk for common equity holders.
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Stock Movement Drivers
Fundamental Drivers
The -11.6% change in CIM stock from 5/31/2026 to 9/5/2026 was primarily driven by a -94.0% change in the company's Net Income Margin (%).| (LTM values as of) | 5312026 | 9052026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.17 | 11.64 | -11.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 204 | 215 | 5.3% |
| Net Income Margin (%) | 9.4% | 0.6% | -94.0% |
| P/E Multiple | 57.1 | 805.6 | 1310.3% |
| Shares Outstanding (Mil) | 84 | 84 | -0.2% |
| Cumulative Contribution | -11.6% |
Market Drivers
5/31/2026 to 9/5/2026| Return | Correlation | |
|---|---|---|
| CIM | -11.6% | |
| Market (SPY) | 1.8% | 26.9% |
| Sector (XLF) | 12.6% | 32.9% |
Fundamental Drivers
The -8.3% change in CIM stock from 2/28/2026 to 9/5/2026 was primarily driven by a -99.1% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.69 | 11.64 | -8.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 357 | 215 | -39.7% |
| Net Income Margin (%) | 64.6% | 0.6% | -99.1% |
| P/E Multiple | 4.6 | 805.6 | 17232.9% |
| Shares Outstanding (Mil) | 84 | 84 | 0.7% |
| Cumulative Contribution | -8.3% |
Market Drivers
2/28/2026 to 9/5/2026| Return | Correlation | |
|---|---|---|
| CIM | -8.3% | |
| Market (SPY) | 12.6% | 48.0% |
| Sector (XLF) | 13.6% | 42.6% |
Fundamental Drivers
The -6.8% change in CIM stock from 8/31/2025 to 9/5/2026 was primarily driven by a -99.1% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 9052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.48 | 11.64 | -6.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 295 | 215 | -27.2% |
| Net Income Margin (%) | 65.2% | 0.6% | -99.1% |
| P/E Multiple | 5.3 | 805.6 | 15175.9% |
| Shares Outstanding (Mil) | 81 | 84 | -2.9% |
| Cumulative Contribution | -6.8% |
Market Drivers
8/31/2025 to 9/5/2026| Return | Correlation | |
|---|---|---|
| CIM | -6.8% | |
| Market (SPY) | 20.4% | 33.2% |
| Sector (XLF) | 8.9% | 29.2% |
Fundamental Drivers
The -10.0% change in CIM stock from 8/31/2023 to 9/5/2026 was primarily driven by a -87.7% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9052026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.94 | 11.64 | -10.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 97 | 215 | 121.6% |
| Net Income Margin (%) | 4.6% | 0.6% | -87.7% |
| P/E Multiple | 224.7 | 805.6 | 258.5% |
| Shares Outstanding (Mil) | 77 | 84 | -7.9% |
| Cumulative Contribution | -10.0% |
Market Drivers
8/31/2023 to 9/5/2026| Return | Correlation | |
|---|---|---|
| CIM | -10.0% | |
| Market (SPY) | 77.1% | 43.9% |
| Sector (XLF) | 76.6% | 44.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CIM Return | 61% | -58% | 3% | 4% | -1% | -0% | -29% |
| Peers Return | 18% | -22% | 24% | 6% | 19% | 2% | 46% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| CIM Win Rate | 67% | 33% | 42% | 42% | 50% | 44% | |
| Peers Win Rate | 53% | 47% | 53% | 60% | 62% | 51% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| CIM Max Drawdown | -14% | -64% | -38% | -24% | -30% | -16% | |
| Peers Max Drawdown | -14% | -43% | -28% | -13% | -19% | -17% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: NLY, RITM, AGNC, STWD, MFA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)
How Low Can It Go
| Event | CIM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.4% | -18.8% |
| % Gain to Breakeven | 27.2% | 23.1% |
| Time to Breakeven | 36 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.2% | -9.5% |
| % Gain to Breakeven | 33.8% | 10.5% |
| Time to Breakeven | 919 days | 24 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -13.8% | -12.2% |
| % Gain to Breakeven | 15.9% | 13.9% |
| Time to Breakeven | 20 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -17.0% | -6.8% |
| % Gain to Breakeven | 20.5% | 7.3% |
| Time to Breakeven | 22 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -10.8% | -0.2% |
| % Gain to Breakeven | 12.1% | 0.2% |
| Time to Breakeven | 115 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -19.3% | -17.9% |
| % Gain to Breakeven | 24.0% | 21.8% |
| Time to Breakeven | 120 days | 123 days |
In The Past
Chimera Investment's stock fell -21.4% during the 2025 US Tariff Shock. Such a loss loss requires a 27.2% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | CIM | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -21.4% | -18.8% |
| % Gain to Breakeven | 27.2% | 23.1% |
| Time to Breakeven | 36 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -25.2% | -9.5% |
| % Gain to Breakeven | 33.8% | 10.5% |
| Time to Breakeven | 919 days | 24 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -88.4% | -53.4% |
| % Gain to Breakeven | 765.6% | 114.4% |
| Time to Breakeven | 3905 days | 1085 days |
In The Past
Chimera Investment's stock fell -21.4% during the 2025 US Tariff Shock. Such a loss loss requires a 27.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Chimera Investment (CIM)
Chimera Investment Corporation (CIM) operates as a real estate investment trust (REIT) in the United States. The company's primary business involves generating income through strategic investments in a diverse portfolio of mortgage assets. As a REIT, CIM is structured to distribute the majority of its taxable income to shareholders, offering investors a way to gain exposure to the mortgage market and its associated income streams.
CIM's main investment products are various types of mortgage-related securities and loans. This portfolio includes direct residential mortgage loans, as well as both agency and non-agency residential mortgage-backed securities (RMBS). Additionally, the company invests in agency mortgage-backed securities (MBS) backed by pools of residential or commercial mortgage loans, along with other real estate-related securities. CIM diversifies its holdings across different credit qualities, encompassing investment-grade, non-investment-grade, and non-rated classes within the mortgage sector.
The company primarily serves the financial and real estate investment markets within the United States. Its operations are focused on capitalizing on opportunities in the U.S. mortgage debt landscape, with its ultimate beneficiaries being investors seeking income and exposure to a diversified pool of mortgage assets through the REIT structure.
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Here are 1-3 brief analogies for Chimera Investment (CIM):
Think of it like BlackRock or Vanguard, but exclusively focused on investing in residential and commercial mortgages and real estate-backed securities.
It's similar to a specialized real estate landlord like Equity Residential (apartments) or Prologis (warehouses), but instead of owning physical buildings, it "owns" mortgage loans and mortgage-backed securities.
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- Residential Mortgage Loans: Direct investments in loans secured by residential properties.
- Residential Mortgage-Backed Securities (MBS): Investments in securities backed by pools of residential mortgages, including both agency (government-guaranteed) and non-agency types.
- Agency Commercial Mortgage-Backed Securities (CMBS): Investments in securities backed by pools of commercial mortgage loans and guaranteed by government agencies.
- Other Real Estate Related Securities: A broad category encompassing various other securities tied to the real estate market.
AI Analysis | Feedback
Based on the provided company description, Chimera Investment Corporation (CIM) operates as a real estate investment trust (REIT) that primarily invests in a portfolio of mortgage assets, including residential mortgage loans, and various types of mortgage-backed securities. This business model means the company generates its income from the returns on these investments (e.g., interest income, distributions from securities) rather than by selling products or services to external customers.
Therefore, Chimera Investment Corporation does not have traditional "major customers" in the sense of entities that purchase goods or services from it. Its revenue is derived from the performance of its investment portfolio.
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Phillip J. Kardis II, President, Chief Executive Officer and Director
Mr. Kardis became President in March 2024 and Chief Executive Officer in December 2022, also joining the Board of Directors in December 2022. He previously served as the Company's Chief Legal Officer and Secretary from September 2015 to December 2022. Mr. Kardis has been actively involved in Chimera's leadership, operations, and strategic initiatives since its founding in 2007, and played a key role in structuring its securitization, financing, and investment transactions. Prior to joining Chimera in September 2015, he was a partner with K&L Gates LLP, where he represented mortgage REITs and other companies involved with residential mortgage loans, mortgage servicing rights, and mortgage-backed securities, including Chimera.
Subramaniam Viswanathan, Chief Financial Officer and Principal Accounting Officer
Mr. Viswanathan has served as Chimera's Chief Financial Officer and Principal Accounting Officer since July 2021. Before joining Chimera, he was the Managing Director, Chief Operating Officer – Global Mortgages and Securitized Products and Global Rates at Bank of America Merrill Lynch from 2012, having held other roles there since 2007. Earlier in his career, Mr. Viswanathan was the Senior Vice President, Business Area Controller – Cash and Synthetic CDOs, Securitization and Correlation Desks at Citigroup, Corporate and Investment Banking.
Jack L. Macdowell, Jr., Chief Investment Officer
Mr. Macdowell became Chimera's Chief Investment Officer upon the Company's acquisition of The Palisades Group ("Palisades") in December 2024. He co-founded Palisades in 2012 and served as its Managing Member and Chief Investment Officer, where he was responsible for leading its investment activities, including research, asset allocation, and risk management functions.
Miyun Sung, Chief Legal Officer and Corporate Secretary
Ms. Sung joined Chimera in November 2023. Previously, she was Senior Vice President, Chief Legal Officer and Secretary of Urstadt Biddle Properties Inc., a NYSE-listed real estate investment trust, from May 2016 until its merger with Regency Centers Corporation in August 2023. She provided advisory services to the newly merged company on transition matters from August to September 2023.
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The key risks to Chimera Investment Corporation (CIM) are primarily centered around its nature as a mortgage real estate investment trust (REIT) and its portfolio of mortgage assets.
- Interest Rate Risk: As a mortgage REIT, Chimera Investment is highly susceptible to fluctuations in interest rates. Changes in interest rates can significantly impact the value of the company's mortgage-backed securities portfolio. Rising interest rates, for example, can decrease the market value of existing mortgage assets and increase the cost of borrowing for the company, thereby compressing its net interest margins and profitability.
- Credit Risk and Delinquency Rates: Chimera's investment portfolio includes residential mortgage loans and non-agency residential mortgage-backed securities, which inherently carry higher credit risk compared to government-guaranteed agency securities. The company has faced concerns regarding high delinquency rates within its portfolio, particularly with pre-2008 residential mortgage loans and non-qualified mortgage (non-QM) loans. An increase in defaults on these underlying mortgage loans directly impacts the value and performance of Chimera's assets and can threaten future dividend payments. The acquisition of HomeXpress, a non-QM mortgage originator, has also been noted as potentially increasing credit risk.
- Leverage and Funding Vulnerabilities: Chimera Investment utilizes leverage to enhance its returns, making its financial performance sensitive to financing costs and the availability of capital. The company's reliance on short-term financing methods, such as repurchase agreements and warehouse lines, along with a high debt-to-equity ratio, exposes it to funding vulnerabilities. This high leverage can magnify the negative effects of adverse movements in interest rates or a deterioration in credit performance, impacting the company's financial strength and liquidity.
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For Chimera Investment Corporation (CIM), a real estate investment trust (REIT) focused on mortgage assets and real estate-related securities, the addressable markets are primarily within the United States.
The key addressable markets for Chimera Investment's main products and services in the U.S. include:
- U.S. Residential Mortgage Market: The total outstanding U.S. mortgage market is approximately $14.5 trillion. Additionally, the U.S. home loan market reached an estimated $2.42 trillion in 2026 and is projected to grow to $3.17 trillion by 2031 in terms of originations.
- U.S. Mortgage-Backed Securities (MBS) Market (Agency and Non-Agency): The total U.S. MBS market, which encompasses both residential and commercial mortgage-backed securities, is estimated at $15.55 trillion in 2025 and is expected to reach $22.43 trillion by 2030. As of mid-2023, there was over $11 trillion in outstanding MBS in the United States.
- U.S. Agency MBS Market: Agency MBS constitute a significant portion of the $15.3 trillion U.S. securitized market.
- U.S. Non-Agency Residential Mortgage-Backed Securities (RMBS) Market: This segment alone accounts for over $1.7 trillion in outstanding securities. New issuance in the non-agency MBS market totaled $185.85 billion in 2025.
- U.S. Commercial Mortgage Market: The outstanding U.S. commercial mortgage market is valued at $5.5 trillion. Commercial mortgage origination volume is forecasted to increase to $805.5 billion in 2026 from $633.7 billion expected in 2025.
- U.S. Professionally Managed Real Estate Investment Market: This broader market, which includes various real estate-related securities and investments, was valued at approximately $4.9 trillion in 2024. U.S. REITs collectively own more than $4.5 trillion of gross real estate.
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Chimera Investment (CIM) is poised for future revenue growth over the next two to three years, driven by several strategic initiatives and market opportunities.
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Growth of the Residential Origination Segment (HomeXpress Mortgage Acquisition): The acquisition of HomeXpress Mortgage, completed on October 1, 2025, is a significant driver. This segment generated $1 billion in production in Q4 2025 with a gain-on-sale premium of 358 basis points and $11 million in EBITDA for the quarter. Management anticipates this acquisition to be materially accretive to earnings in 2026 and 2027, enhancing growth prospects by focusing on non-QM loans and agency mortgage-backed securities (MBS). Furthermore, this integration allows Chimera to retain loans for its own investment and securitization programs. The residential origination business showed strong momentum, with production volume increasing 18% quarter-over-quarter and 49% versus Q4 2024. The correspondent channel is also expected to contribute to growth in 2026.
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Diversification and Repositioning of the Investment Portfolio: Chimera is actively diversifying its investment portfolio, with a strategic shift to increase its allocation to Agency MBS. This includes deploying capital in Agency MBS to optimize net interest income and manage risk. In Q4 2025, the company added $606 million net of sales in Agency RMBS.
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Expansion into Mortgage Servicing Rights (MSRs): The company plans to acquire mortgage servicing rights (MSRs) as a strategy for income diversification and protection against market volatility. A previously announced MSR transaction was settled in Q3 2025, signaling ongoing commitment to this growth area.
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Growth in Third-Party Asset Management and Fee-Based Income: Chimera is focused on expanding its fee-based income, both through organic growth and strategic acquisitions. The third-party asset management division has shown significant growth, with loans under management increasing by 20% year-over-year and transaction volume growing by 16%. This expansion of advisory services to securitizations further contributes to a more diversified earnings base.
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Share Repurchases
- In March 2020, Chimera Investment Corporation authorized a new share repurchase program for up to $150 million of its outstanding common shares, replacing a previous program with an approximate $85 million remaining.
- Despite a confirmed $250 million share buyback program, the company did not repurchase any shares in 2025.
- The company aims to repurchase shares when the purchase price is below the publicly reported book value per common share.
Share Issuance
- On October 1, 2025, Chimera issued 2,077,151 shares of common stock as part of the payment for the acquisition of HomeXpress Mortgage Corp.
- The total common shares outstanding increased from 80,922,221 at December 31, 2024, to 83,402,145 at December 31, 2025.
Outbound Investments
- Chimera completed the acquisition of HomeXpress Mortgage Corp. on October 1, 2025, for $240 million in cash and 2,077,151 shares of its common stock.
- During the fourth quarter of 2025, the company added $606 million of Agency Residential Mortgage-Backed Securities (RMBS), net of sales.
- In December 2024, Chimera acquired Palisades Advisory Services, LLC.
Capital Expenditures
- In 2025, capital was primarily allocated to the asset portfolio, focusing on Agency MBS growth.
- The company increased its leverage in the fourth quarter of 2025 by allocating more capital to Agency RMBS and adding warehouse lines from residential origination segments.
- For 2026, Chimera plans to continue diversifying its portfolio, with a focus on Agency MBS, Mortgage Servicing Rights (MSRs), and HomeXpress production, anticipating 20-25% growth in the non-Qualified Mortgage (non-QM) market.
Peer Outperformance in Mortgage REITs
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Investment Banking & Brokerage | 13 | 9.8% | 137.6% | 144.9% | IBKR 490% · SNEX 242% · GS 185% |
| Reinsurance | 6 | 22.3% | 85.4% | 126.7% | SPNT 159% · RGA 139% · MTG 128% |
| Diversified Banks | 12 | 39.4% | 136.1% | 120.7% | CM 156% · JPM 155% · RY 144% |
| Life & Health Insurance | 20 | 17.1% | 59.7% | 96.9% | JXN 516% · UNM 322% · FG 229% |
| Multi-Sector Holdings | 6 | 3.6% | 46.8% | 78.9% | JONE 361% · JEF 85% · BRK-B 80% |
| Regional Banks | 265 | 27.6% | 88.1% | 67.5% | GCBC 376% · ESQ 355% · VBNK 328% |
| Property & Casualty Insurance | 42 | 11.5% | 76.1% | 66.9% | ASIC 2739900% · HRTG 433% · UVE 298% |
| Multi-line Insurance | 9 | 13.4% | 84.8% | 55.2% | GNW 184% · L 103% · SLF 94% |
| Consumer Finance | 30 | 10.1% | 91.9% | 36.7% | ENVA 593% · EZPW 384% · FCFS 172% |
| Insurance Brokers | 16 | -11.4% | 2.3% | 25.4% | LIFE 626% · AJG 90% · ARX 89% |
| Asset Management & Custody Banks | 82 | -9.8% | 19.4% | 21.7% | WT 331% · SII 299% · VCTR 291% |
| Financial Exchanges & Data | 15 | -0.2% | 21.3% | 21.3% | VIRT 214% · CBOE 152% · CME 78% |
| Diversified Financial Services | 4 | -0.5% | 4.0% | 14.0% | FRHC 159% · EQH 93% · TMS -65% |
| Commercial & Residential Mortgage Finance | 12 | -39.6% | 29.2% | 6.0% | FNMA 492% · FMCC 472% · ESNT 64% |
| Specialized Finance | 3 | 15.7% | 49.2% | -9.8% | EFC 36% · CACC -10% · HASI -19% |
| Mortgage REITs ← | 33 | -10.9% | 11.6% | -12.9% | NREF 56% · RITM 52% · DX 40% |
| Transaction & Payment Processing Services | 15 | 3.6% | 1.2% | -38.5% | MA 75% · V 73% · CPAY 59% |
| Diversified Capital Markets | 21 | -20.0% | -5.6% | -43.4% | BTCS 629% · OPY 198% · LPLA 145% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 11.14 |
| Mkt Cap | 5.8 |
| Rev LTM | 1,606 |
| Op Inc LTM | - |
| FCF LTM | -31 |
| FCF 3Y Avg | 297 |
| CFO LTM | 569 |
| CFO 3Y Avg | 297 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.8% |
| Rev Chg 3Y Avg | 46.3% |
| Rev Chg Q | 19.2% |
| QoQ Delta Rev Chg LTM | 5.2% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 32.4% |
| CFO/Rev 3Y Avg | 37.7% |
| FCF/Rev LTM | 13.5% |
| FCF/Rev 3Y Avg | 37.7% |
Price Behavior
| Market Price | $11.64 | |
| Market Cap ($ Bil) | 1.0 | |
| First Trading Date | 11/16/2007 | |
| Distance from 52W High | -13.7% | |
| 50 Days | 200 Days | |
| DMA Price | $12.32 | $12.33 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -5.5% | -5.6% |
| 3M | 1YR | |
| Volatility | 21.5% | 25.2% |
| Downside Capture | 94.23 | 89.63 |
| Upside Capture | 31.81 | 57.81 |
| Correlation (SPY) | 25.1% | 32.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.72 | 0.63 | 0.40 | 0.74 | 0.66 | 0.90 |
| Up Beta | 0.76 | 0.12 | 0.24 | 0.56 | 0.45 | 0.77 |
| Down Beta | -1.23 | -0.08 | 0.08 | 0.63 | 0.63 | 0.87 |
| Up Capture | 12% | 32% | 22% | 58% | 50% | 66% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 9 | 17 | 30 | 65 | 125 | 377 |
| Down Capture | 244% | 184% | 97% | 109% | 92% | 103% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 12 | 23 | 32 | 60 | 120 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CIM | |
|---|---|---|---|---|
| CIM | -10.0% | 25.1% | -0.46 | - |
| Sector ETF (XLF) | 8.8% | 14.6% | 0.35 | 28.7% |
| Equity (SPY) | 19.7% | 12.8% | 1.13 | 32.6% |
| Gold (GLD) | 24.6% | 29.2% | 0.75 | 16.6% |
| Commodities (DBC) | 43.8% | 20.3% | 1.67 | -16.9% |
| Real Estate (VNQ) | 9.1% | 13.6% | 0.39 | 41.7% |
| Bitcoin (BTCUSD) | -28.1% | 43.8% | -0.63 | 13.3% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CIM | |
|---|---|---|---|---|
| CIM | -14.3% | 35.1% | -0.37 | - |
| Sector ETF (XLF) | 10.1% | 18.4% | 0.41 | 50.3% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 50.8% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 14.9% |
| Commodities (DBC) | 10.7% | 19.5% | 0.43 | 9.2% |
| Real Estate (VNQ) | 1.7% | 18.9% | -0.01 | 58.6% |
| Bitcoin (BTCUSD) | 10.2% | 52.6% | 0.38 | 19.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CIM | |
|---|---|---|---|---|
| CIM | -2.9% | 36.5% | 0.02 | - |
| Sector ETF (XLF) | 13.6% | 22.1% | 0.56 | 49.8% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 47.8% |
| Gold (GLD) | 12.4% | 16.3% | 0.62 | 9.3% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 15.9% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 56.2% |
| Bitcoin (BTCUSD) | 63.7% | 66.2% | 1.03 | 13.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 9/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -6.4% | -6.0% | -9.3% |
| 5/7/2026 | -0.7% | -2.3% | -2.9% |
| 2/11/2026 | 6.4% | 12.0% | 6.9% |
| 11/6/2025 | -9.6% | -6.8% | -1.2% |
| 8/6/2025 | -2.6% | -0.4% | 8.1% |
| 5/8/2025 | 6.6% | 12.7% | 13.2% |
| 2/12/2025 | -7.8% | -9.1% | -11.7% |
| 11/6/2024 | 0.0% | -1.4% | -1.9% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 11 |
| # Negative | 14 | 15 | 13 |
| Median Positive | 5.4% | 7.1% | 9.4% |
| Median Negative | -5.6% | -5.5% | -7.1% |
| Max Positive | 11.1% | 14.1% | 20.0% |
| Max Negative | -9.6% | -11.0% | -23.3% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | -6.4% | -6.0% | -9.3% |
| 5/7/2026 | -0.7% | -2.3% | -2.9% |
| 2/11/2026 | 6.4% | 12.0% | 6.9% |
| 11/6/2025 | -9.6% | -6.8% | -1.2% |
| 8/6/2025 | -2.6% | -0.4% | 8.1% |
| 5/8/2025 | 6.6% | 12.7% | 13.2% |
| 2/12/2025 | -7.8% | -9.1% | -11.7% |
| 11/6/2024 | 0.0% | -1.4% | -1.9% |
| 8/7/2024 | 7.0% | 5.6% | 12.9% |
| 5/9/2024 | 11.1% | 7.1% | -8.6% |
| 2/14/2024 | -6.4% | -3.8% | -2.4% |
| 11/2/2023 | -1.8% | -1.6% | 9.4% |
| 8/3/2023 | -8.5% | -5.5% | -2.4% |
| 5/4/2023 | -3.1% | -4.6% | -1.3% |
| 2/15/2023 | -3.4% | -6.5% | -23.3% |
| 11/3/2022 | -8.9% | -3.5% | 6.9% |
| 8/4/2022 | -8.6% | -7.6% | -18.7% |
| 5/5/2022 | -4.5% | -11.0% | -9.9% |
| 2/17/2022 | -4.8% | -9.9% | -7.1% |
| 11/3/2021 | 6.2% | 7.7% | 3.9% |
| 8/4/2021 | 0.1% | 2.9% | 5.0% |
| 5/5/2021 | 4.6% | 3.6% | 12.1% |
| 2/10/2021 | 0.5% | 3.1% | 13.1% |
| 11/4/2020 | 1.1% | 14.1% | 20.0% |
| SUMMARY STATS | |||
| # Positive | 10 | 9 | 11 |
| # Negative | 14 | 15 | 13 |
| Median Positive | 5.4% | 7.1% | 9.4% |
| Median Negative | -5.6% | -5.5% | -7.1% |
| Max Positive | 11.1% | 14.1% | 20.0% |
| Max Negative | -9.6% | -11.0% | -23.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/05/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/18/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/19/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/07/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 02/17/2022 | 10-K |
| 09/30/2021 | 11/03/2021 | 10-Q |
| 06/30/2021 | 08/04/2021 | 10-Q |
| 03/31/2021 | 05/06/2021 | 10-Q |
| 12/31/2020 | 02/18/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/07/2020 | 10-Q |
| 12/31/2019 | 02/24/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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