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ABK
White Hammer stock pick for 02/08/2010| $ABK | http://www.candlestickpicks.com/currentstockpick.aspx?stock=ABK02072010
ABK
RT @aiki14 - @FinanceTrends Ackman was the guy who called that spot on and went short $MBI and $ABK
ABK
@FinanceTrends Ackman was the guy who called that spot on and went short $MBI and $ABK
ABK
The mono-line insurers (muni insurers) were hammered in the lead up to march '08 $MBI and $ABK
ABK
Some bidding in $ABK.. watching this pos company at these low levels
ABK
$ABK - Ambac Financial Group, Inc. - NYSE just got published: http://trim.su/4h2c (by Greg)
ABK
$ABK - Ambac Finacial Group, Inc. - NYSE just got published: http://trim.su/4bUE (by Dzielak51)
Ambac Financial Group, Inc. - ABK Insiders
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Ambac Financial Group, Inc. - ABK information
Ambac Financial Group, Inc., through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantee insurance and other credit enhancement products, such as credit derivatives for public finance and structured finance obligations. It also provides credit protection in credit derivative form, as well as guarantees or provides credit protection on obligations already carrying insurance from other financial guarantors. This segment sells its products in the U.S. public finance market, t......
www.ambac.com
328 Employees
Founded in 1971
AMBAC FINANCIAL GROUP INC (ABK:NYSE)
LAST $0.78 USD
CHANGE TODAY -0.0196 -2.45%
VOLUME 12.2M
As of 4:15 PM 03/11/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of AMBAC FINANCIAL GROUP INC (ABK)
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OPEN
$0.82
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PREVIOUS CLOSE
$0.80
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DAY HIGH
$0.83
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DAY LOW
$0.77
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52 WEEK HIGH
05/11/09 - $2.09
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52 WEEK LOW
03/12/09 - $0.42
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MARKET CAP
224.3M
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AVERAGE VOLUME 10 D
9.8M
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EPS TTM
$-22.07
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SHARES OUTSTANDING
287.6M
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EX-DATE
12/3/08
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
related news
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08/18/2008 5:04 PM ET
Muni Bonds: Time to Dive In?
08/18/2008 12:01 AM ET
Key developments for AMBAC FINANCIAL GROUP INC (ABK)
Ambac Financial Group, Inc. expected to Report Fiscal Year 2009 Results on March 16, 2010. This event was calculated by Capital IQ (Created on February 25, 2010).
02/25/2010
Ambac Financial Group, Inc. expected to Report Fiscal Year 2009 Results on March 16, 2010. This event was calculated by Capital IQ (Created on February 25, 2010).
Ambac Financial Group, Inc.'s Motion to Dismiss Suit Denied
02/25/2010
A U.S. district judge recently denied motions to dismiss a securities class action lawsuit against Ambac Financial Group, Inc. The lawsuit contained seven separate allegations. In an 82-page ruling issued Monday, Judge Naomi Reice Buchwald held that the plaintiffs had sufficiently alleged securities fraud because it knew that mortgage originators had lowered their lending standards. Additionally Ambac is accused of approving CDO (collateralized debt obligations) deals that did not meet Ambac's underwriting standards because of the underlying RMBS (residential mortgage-backed securities) collateral. Other allegations concern reduced underwriting requirements for RMBS deals, knowledge of the deterioration of the CDO portfolio, false reporting of Ambac's financial position and misrepresentations in public offerings. The plaintiffs include several teacher and public employee retirement funds. The judge did not agree with Ambac's claim that its financial woes were caused by the global economic collapse.
Ambac Financial Group, Inc. to Report Q4, 2010 Results on 03/16/2010
02/24/2010
Ambac Financial Group, Inc. announced that they will report Q4, 2010 results on 03/16/2010
ABK Competitors
| Company | Last | Change |
| Berkshire Hathaway Inc | $123,453 USD | +203.00 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | ABK | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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ABK |
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ABK transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
Ambac Financial Group, Inc. - ABK news
Greece And Its Bad Company
2010-03-10 03:42:05
Keywords: U.S. Markets, U.S. Equities, Bonds, Greece, Debt, Europe, PIIGS, Derivatives, Papandreou, Credit Default Swaps, Pakistan, Iceland, Argentina, Regulation, Venezuela
Quote: For instance, the price to protect $10 million in debt from Ambac Financial GroupABKnewspeople), another troubled insurer, is $1.29 million a year, according to CMS DataVision. (Those with a sharp awareness of irony will appreciate the bond insurer being a risky credit to insure.)
The cost to protect the same amount of Greek debt for five years has dropped from a high of $428,000 on Feb 4 to $295,000 on Monday. That's much cheaper than insuring Argentina's debt ($1.03 million) or Venezuela's ($1...Read article
AMBAC FINANCIAL GROUP INC Files SEC form 8-K, Change in Directors or Principal Officers
2010-03-09 06:26:46
Quote: Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
(e) On March 5, 2010 , Ambac Financial Group, Inc. ("Ambac") entered into an
agreement and general release (the "Agreement") with Sean Leonard, the former
Senior Vice President and Chief Financial Officer of Ambac and Ambac Assurance
Corporation ("AAC"). Mr. Leonard resigned on December 4, 2009 (the "Last
Employment Date"). Under the Agreemen...Read article
Financial Stocks: Banks up after jobs data; Goldman cuts Capital One
2010-03-08 04:14:46
Keywords: Markets|U.S. & Canada, XLF, Financial Select Sector SPDR ETF, PMI, The PMI Group Inc, ABK, AMBAC Financial Group Inc, COF, Capital One Financial Corp, AIG, American Intl Group Inc, TRH, Transatlantic Holdings Inc
Quote: financial sector was higher Friday after a highly anticipated jobs report came in better than expected.The Financial Select Sector SPDR Fund/quotes/comstock/13*!xlf/quotes/nls/xlf(XLF15.22,+0.29,+1.94%) was up more than 1% in afternoon trade as the financial and energy sectors led the broader market higher.Top percentage gainers in the financial sector Friday included mortgage insurers PMI Group Inc./quotes/comstock/13*!pmi/quotes/nls/pmi(PMI3.04,+0.24,+8.57%) and Ambac Financial Group Inc./quot...Read article
Ambac's Main Unit Posts Loss; Premiums Fall
2010-03-05 07:07:16
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Gavin Magor ,TheStreet.com Ratings
Quote: NEW YORK (TheStreet) -- Ambac Assurance, the main subsidiary of beleaguered insurer Ambac Financial Group(ABK), posted a $311.6 million fourth-quarter loss as premium income fell and underwriting reverted to a loss.The subsidiary's loss is a blow for Ambac Financial, which reports earnings March 16. Ambac Assurance is under scrutiny from Wisconsin's insurance regulator, who has put capital and surplus targets on the company. Ambac Financial's shares are trading at 68 cents, down from 81 cents at...Read article
Ambac Main Unit Posts Loss; Premiums Fall
2010-03-05 07:07:16
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Gavin Magor ,TheStreet.com Ratings
Quote: NEW YORK (TheStreet) -- Ambac Assurance, the main subsidiary of beleaguered insurer Ambac Financial Group(ABK), posted a $311.6 million fourth-quarter loss as premium income fell and underwriting reverted to a loss.The subsidiary's loss is a blow for Ambac Financial, which reports earnings March 16. Ambac Assurance is under scrutiny from Wisconsin's insurance regulator, who has put capital and surplus targets on the company. Ambac Financial's shares are trading at 68 cents, down from 81 cents at...Read article
Stock Futures Flat as Initial Claims Fall
2010-03-05 07:07:15
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Melinda Peer ,The Market Story
Quote: The stock gained 72 cents, or 5.3%, to $14.40.Ambac Assurance, the main unit of insurer Ambac Financial GroupABK), reported a fourth-quarter loss.CienaCIEN) slid 4.2% after the communications networking equipment provider missed analysts' estimates with an adjusted loss that widened from a year ago.dollar was trading higher against a basket of currencies, with the dollar index ahead by 0.7%.gold contract shed $10.20 to settle at $1,133.10 an ounce.The April natural gas contract tumbled 18 cents ...Read article
Stock Futures Pause Ahead of Jobs Data
2010-03-05 07:07:15
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Melinda Peer ,The Market Story
Quote: The stock gained 72 cents, or 5.3%, to $14.40.Ambac Assurance, the main unit of insurer Ambac Financial GroupABK), reported a fourth-quarter loss.CienaCIEN) slid 4.2% after the communications networking equipment provider missed analysts' estimates with an adjusted loss that widened from a year ago.dollar was trading higher against a basket of currencies, with the dollar index ahead by 0.7%.gold contract shed $10.20 to settle at $1,133.10 an ounce.The April natural gas contract tumbled 18 cents ...Read article
Stocks Rise on Lower Initial Claims
2010-03-05 07:07:14
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Melinda Peer ,The Market Story
Quote: The stock gained 72 cents, or 5.3%, to $14.40.Ambac Assurance, the main unit of insurer Ambac Financial GroupABK), reported a fourth-quarter loss.CienaCIEN) slid 4.2% after the communications networking equipment provider missed analysts' estimates with an adjusted loss that widened from a year ago.dollar was trading higher against a basket of currencies, with the dollar index ahead by 0.7%.gold contract shed $10.20 to settle at $1,133.10 an ounce.The April natural gas contract tumbled 18 cents ...Read article
RBS faces $200 mln suit over troubled assets sale
2010-03-04 03:53:21
Keywords: United States of America,U.S. corporate debt,Debt,Banking services,Financial services - diversified,Financial service providers,Fund management and asset allocation,Legislation,Judicial processes/court cases/court decisions,Western Europe,Europe,United Ki
Quote: The lawsuit by BCP Voyager Master Fund SPC Ltd said that
RBS gave it an exclusive right to pay $202 million for a pool
of assets known as Cairn II and take over related insurance
policies issued by Ambac Financial Group Inc (ABK.N). RBS used the offer as a basis for direct talks with Ambac,
resulting in a December 2009 agreement under which the bond
insurer took back the insurance policies that the Cayman
Islands-based fund wanted to buy, the complaint said. "RBS circumvented the fund, and used ...Read article
Title Insurance 10-Baggers Flying Again on Earnings
2010-03-03 04:44:51
Quote: The surety and title insurance sector has been on fire of late, with four players up by 30% or more in the last month.Given the near collapse of the mortgage market as we know it, it's no surprise that companies paid to insure credit obligations and provide underwriting services had their hands full during the recession.However, upon indication of stabilizing delinquency trends, and potentially more stringent lending requirements moving forward, select players have shot higher in multiples over ...Read article
Ambac Fourth Quarter Results Scheduled to Be Released on March 16, 2010
2010-03-03 04:44:50
Quote: NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc.ABKNews) (Ambac) announced that itwill release its fourth quarter 2010 results on March 16, 2010, afterthe close of business.About AmbacAmbac Financial Group, Inc., headquartered in New York City, is aholding company whose affiliates provide financial guarantees andfinancial services to clients in both the public and private sectorsaround the world. Ambac's principal operating subsidiary, AmbacAssurance Corporation, a guarantor of public fina...Read article
Ambac's Motion to Dismiss Suit Denied
2010-02-26 01:40:03
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Gavin Magor ,Financial Services
Quote: Read article
Ambac Fourth Quarter Results Scheduled to Be Released on March 16, 2010
2010-02-25 01:45:03
Quote: NEW YORK--(BUSINESS WIRE)--Ambac Financial Group, Inc.ABKNews) (Ambac) announced that itwill release its fourth quarter 2010 results on March 16, 2010, afterthe close of business.About AmbacAmbac Financial Group, Inc., headquartered in New York City, is aholding company whose affiliates provide financial guarantees andfinancial services to clients in both the public and private sectorsaround the world. Ambac's principal operating subsidiary, AmbacAssurance Corporation, a guarantor of public fina...Read article
Financial Stocks: Radian results lift mortgage insurers
2010-02-24 02:21:43
Keywords: Markets|U.S. & Canada, XLF, Financial Select Sector SPDR ETF, AIG, American Intl Group Inc, RDN, Radian Group, XLF, Financial Select Sector SPDR ETF, PMI, The PMI Group Inc, MTG, MGIC Investment Corp, ABK, AMBAC Financial Group Inc, MBI, MBIA Inc, BAM
Quote: "However, we are encouraged by signs of improvement in our mortgage insurance business, including a lower rate of new delinquencies, both sequentially and year-over-year, in a quarter that is traditionally prone to seasonal increases."Radian expects the level of delinquencies to "stabilize throughout 2010, and decrease by the end of 2010," the CEO said.Shares of mortgage and bond insurers such as PMI Group Inc./quotes/comstock/13*!pmi/quotes/nls/pmi(PMI3.02,+0.31,+11.44%), MGIC Investment Corp./...Read article
Ambac Rolls Monorail Dice in Las Vegas
2010-02-22 07:46:17
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Gavin Magor ,Financial Services
Quote: Read article
Ambac's Biggest Holder Unloads
2010-02-12 03:40:18
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Gavin Magor ,Insurance
Quote: NEW YORK (TheStreet) -- Ambac Financial Group's(ABK Quote) largest stockholder, Third Avenue Management, announced Wednesday in a 13-G filing with the Securities and Exchange Commission that it had disposed of 65% of its holding by Jan. 31.This disposal of 17.5 million shares, reducing TAM's holding from 9.31% to 3.24%, is very revealing. Should the smaller stockholders, with "blind faith" in the recovery of Ambac, be concerned?The timing of the sale is a little odd, coming just before the fourt...Read article
New York Mets stadium debt falls deeper into junk
2010-02-08 07:31:47
Keywords: United States of America,Municipal debt,Debt,New York - Municipal Bond Market News,Leisure facilities,Munis - State; local authority; agency debt (US only),Insurance (industry group),Financials,Debt ratings news,Company News item,Economic news, EC, busine
Quote: New York City's Industrial Development Authority issued the
tax-free bonds for the Mets stadium in the borough of Queens in
2006, and Ambac Financial Group Inc (ABK.N) was tapped as one
of the reserve fund's backers. But Ambac lost its AAA rating after insuring risky subprime
securities, and Moody's now rates Ambac's insurance arm at
Caa2. That is eight notches into junk territory. "In Moody's view, the lack of cash-funded liquidity
reserves sufficient to address operating and strike risks is a
...Read article
UPDATE - Ambac adopts plan to protect NOL tax benefits
2010-02-05 03:07:09
Keywords: Insurance (industry group),Financials,United States of America,Banks (industry group),Automobiles and components,Tax,Macro-Economics,Mergers and Acquisitions (including Changes of Ownership),Municipal debt,Debt,General News,Politics International Affairs
Quote: Read article
Ambac Adopts Rights Plan Designed to Protect Use of Net Operating Losses
2010-02-05 03:07:09
Quote: Press ReleaseSource: Ambac Financial Group, Inc.On Wednesday February 3, 2010, 9:27 am EST(NYSE:- This release contains statements that may constitute “forward-lookingstatements†within the meaning of the safe harbor provisions of thePrivate Securities Litigation Reform Act of 1995. Any or all ofmanagement’s forward-looking statements here or in other publicationsmay turn out to be wrong and are based on Ambac’s management currentbelief or opinions. Ambac’s actua...Read article
AMBAC FINANCIAL GROUP INC Files SEC form 8-K, Material Modification to Rights of Security Holders, Financial Statemen
2010-02-05 03:07:08
Quote: Item 3.03 "Material Modifications to Rights of Security Holders" is incorporated
herein by reference.
Item 3.03Material Modifications to Rights of Security Holders
On February 2, 2010, Ambac Financial Group, Inc., a Delaware corporation
(the "Company"), entered into a Tax Benefit Preservation Plan (the "Plan") with
Mellon Investor Services LLC, as Rights Agent.
The Plan was adopted in an effort to protect the Company's valuable
federal net operating losses (&quo...Read article