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Last $23.59 USD
Change Today -0.13 / -0.55%
Volume 224.2K
AMBC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

ambac financial group inc (AMBC) Snapshot

Open
$23.53
Previous Close
$23.72
Day High
$23.69
Day Low
$23.39
52 Week High
06/9/14 - $30.33
52 Week Low
10/15/14 - $18.60
Market Cap
1.1B
Average Volume 10 Days
263.9K
EPS TTM
$13.55
Shares Outstanding
45.0M
EX-Date
--
P/E TM
1.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for AMBAC FINANCIAL GROUP INC (AMBC)

ambac financial group inc (AMBC) Related Businessweek News

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ambac financial group inc (AMBC) Details

Ambac Financial Group, Inc. does not have significant operations. The company intends on exploring new business opportunities. Previously, it provided financial guarantee insurance policies and credit derivative contracts; and financial and investment products, including investment agreements, funding conduits, and interest rate swaps principally to the clients of its financial guarantee business. The company was founded in 1971 and is headquartered in New York, New York.

188 Employees
Last Reported Date: 03/2/15
Founded in 1971

ambac financial group inc (AMBC) Top Compensated Officers

Chief Financial Officer, Senior Managing Dire...
Total Annual Compensation: $1.0M
Senior Managing Director and General Counsel
Total Annual Compensation: $750.0K
Chief Accounting Officer, Senior Managing Dir...
Total Annual Compensation: $700.0K
Senior Managing Director of RMBS Risk Managem...
Total Annual Compensation: $660.0K
Compensation as of Fiscal Year 2014.

ambac financial group inc (AMBC) Key Developments

Ambac Financial Group, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Other-Than-Temporary Impairments of Invested Assets for the First Quarter Ended March 31, 2015

Ambac Financial Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported total revenue of $155.5 million compared to $6.9 million a year ago. Pre-tax income was $216.6 million compared to $459.6 million a year ago. Net income attributable to common shareholders was $214.7 million or $4.57 per diluted share compared to $453.6 million or $9.73 per diluted share a year ago. Operating earnings in the first quarter 2015 were $247.6 million, or $5.27 per diluted share, compared to $476.6 million, or $10.22 per diluted share in the fourth quarter 2014. Adjusted book value per share was $10.64 at March 31, 2015 against $7.50 at December 31, 2014. Net income and operating earnings were impacted by a lower benefit for loss and loss expenses. Net other-than-temporary impairments of invested assets recognized in earnings was $3.1 million in the first quarter of 2015 compared to $1.6 million in the fourth quarter of 2014. Net other-than-temporary impairments in both periods were primarily related to changes in expected timing of cash flows on certain Ambac insured RMBS.

Ambac Financial Group, Inc. to Report Q1, 2015 Results on May 11, 2015

Ambac Financial Group, Inc. announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 11, 2015

Ambac Financial Group, Inc., Q1 2015 Earnings Call, May 12, 2015

Ambac Financial Group, Inc., Q1 2015 Earnings Call, May 12, 2015

 

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AMBC:US $23.59 USD -0.13

AMBC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Assured Guaranty Ltd $28.68 USD -0.03
Syncora Holdings Ltd $1.28 USD -0.006
View Industry Companies
 

Industry Analysis

AMBC

Industry Average

Valuation AMBC Industry Range
Price/Earnings 0.0x Not meaningful
Price/Sales 0.0x
Price/Book 0.0x
Price/Cash Flow 0.0x
TEV/Sales NM Not Meaningful
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