Chimera Investment Corp. (NYSE:CIM) Doesn't Impress Jefferies

Even though Chimera Investment Corporation's (NYSE:CIM) net income soared in the fourth quarter, rising from $95.47 million or $0.14 per share, last year in the same quarter, to $156.23 million, or $0.16 a share, that didn't impress Jefferies, who said "there isn't anything in the results that alters our opinion of the stock.”

Jefferies wrote in a note, “Core retained earnings of $0.14 were in-line with our estimate. The $0.03 miss to our total core income was due to weakness in non-retained interest income. Book value performance was once again essentially flat at $3.23 per share.

“The fair market value of the company's re REMIC support bonds decreased approximately one half point to $43.88 during the fourth quarter. Total operating expenses of $14.4M were slightly better than our forecast of $14.7M.”

Matthew J. Lambiase, CEO and President of the Company, thought differently, saying, "Chimera's results continue to reflect our ability to identify attractive investment opportunities. The fourth quarter results reflect the successful capital raise that settled in November. Looking ahead, the evolving regulatory and policy process will continue to affect the investment landscape. In this environment we remain positive on the relative attractiveness of opportunities we see in our market."

chimera was trading at $4.19, dropping $0.06, or 1.41 percent.