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In addition to following professional banks, anyone can use Motley Fool CAPS to monitor the collective opinions of more than 115,000 members, many of whom demonstrate better investing insight than published analysts do.
Enough top-performing CAPS members have turned bullish on Annaly Capital Management
With the mortgage-related mess claiming AIG, Washington Mutual
Annaly and banks like Bank of America
The profits from its Fannie and Freddie guaranteed securities helped Annaly profit from the pain in second quarter net income of $308 million, or $0.60 per share, which is double the $0.30 per share in the prior year. It's also paying out double what it paid in dividends for the same period last year, currently yielding more than 15%. While many investors have completely written off mortgage-related investments, 87% of the CAPS members rating Annaly Capital Management expect it to outperform the market.
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Fool contributor Dave Mock recently upgraded his lunchtime routine with a power nap. He owns no shares of companies mentioned here. Annaly Capital Management and Bank of America are Income Investor recommendations. The Fool's disclosure policy created a rumble in the jungle when it was first released.