Annaly Capital Management second-quarter earnings surge to $781.64 million

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Annaly Capital Management reported a sharp increase in second-quarter earnings, with net income rising to $781.64 million, or $1.06 per share, from $19.84 million, or $0.03 per share, in the same period last year. Revenue for the quarter climbed 78.7% to $488.19 million from $273.20 million a year earlier.

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