Annaly Capital Management (NYSE:NLY) has had a rough 12 months. As interest rates rose, its book value took a major hit, and its shares tumbled. Wednesday, the mREIT reported quarterly results. In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analysts Matt Koppenheffer and David Hanson discuss the results and tell investors why the worst may be over.

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David Hanson owns shares of Annaly Capital Management. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.