The decision and the timing remains solely in their hands, and I am not in a position to offer any additional insight to offer at this time." Others: Ambac ( AMBC +4.2% ), Assured Guaranty ( AGO +5.6% ). Post your comment!
Calling Ambac Financial's ( AMBC ) Q4 results benign, BTIG's Mark Palmer nevertheless cashes in his chips on the name, downgrading to Hold
Net premiums earned of $84.5M falls 18.4% from a year ago (when still in bankruptcy). Net investment income of $68.1M falls 26.7%. Net change in fair value of credit derivatives of $110.5M gain vs. a loss of $22M a year ago. Operating earnings of $292M vs. $218.2M. Operating earnings per share of
Ambac Financial ( AMBC ): Q4 EPS of $1.49 beats by $0.28 . Press Release Post your comment!
By Alpha Gen Capital : Many pundits and analysts have panned investing in financials, especially banks, given the regulatory issues brought on by the Financial Crisis, namely the Dodd-Frank law which neutered most of the profit drivers that banks enjoyed prior to its passage. The popular theme ...
Rolling along nicely since exiting from bankruptcy last spring, Ambac ( AMBC ) may have gotten some more good news from Bank of America ..... BTIG's Mark Palmer. In it, BofA said damages claimed by Ambac " are in excess of $2.5B and include the amount of payments
28, 2014." Press release BTIG's Mark Palmer suggests this deal, along with other recent mortgage-related settlements from JPMorgan, has a positive read-through for another monoline - Ambac Financial ( AMBC ). Post your comment!
though most mutual funds can continue to hold. Monolines: MBIA ( MBI -1.6% ), Assured Guaranty ( AGO +1.2% ), Ambac ( AMBC +2.4% ). Muni ETFs: MUB , HYD , PZA , MUNI , TFI , ITM , HYMB , MLN , XMPT , SHM , SUB , PRB , SMB , PVI , SHYD
to junk status as well. Taking a late hit on the news were MBIA ( MBI -1.8% ), Assured Guaranty ( AGO +0.3% ), and Ambac ( AMBC -1.1% ). Muni ETFs: MUB , HYD , BAB , PZA , MUNI , TFI , ITM , HYMB , MLN , CMF , BABZ , XMPT , SHM , BABS , SUB
say Puerto Rico has not hired Morgan Stanley, but instead the bank itself is acting on its won to put together a proposal for the government. MBIA ( MBI +3.1% ), Assured Guaranty ( AGO +1.7% ), Ambac ( AMBC -0.5% ) 3 comments!