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Last $6.72 USD
Change Today +0.03 / 0.45%
Volume 2.5M
MBI On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

mbia inc (MBI) Snapshot

Open
$6.65
Previous Close
$6.69
Day High
$6.85
Day Low
$6.62
52 Week High
09/2/14 - $10.58
52 Week Low
06/30/15 - $4.94
Market Cap
1.1B
Average Volume 10 Days
3.5M
EPS TTM
$0.75
Shares Outstanding
168.8M
EX-Date
02/25/08
P/E TM
8.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for MBIA INC (MBI)

mbia inc (MBI) Related Businessweek News

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mbia inc (MBI) Details

MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States and internationally. The company operates through U.S. Public Finance Insurance, and International and Structured Finance Insurance segments. It issues financial guarantees for municipal bonds, including tax-exempt and taxable indebtedness, as well as utility districts, airports, health care institutions, higher educational facilities, student loan issuers, housing authorities, and other similar agencies and obligations issued by private entities. The company also insures non-U.S. public finance and global structured finance, including asset-backed obligations; and sovereign-related and sub-sovereign bonds, utilities, and privately issued bonds used for the financing of projects that include toll roads, bridges, airports, public transportation facilities, and other types of infrastructure projects, as well as offers third-party reinsurance services. MBIA Inc. was founded in 1973 and is headquartered in Purchase, New York.

252 Employees
Last Reported Date: 03/2/15
Founded in 1973

mbia inc (MBI) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $6.0M
President, Chief Financial Officer and Chief ...
Total Annual Compensation: $1.8M
President and Chief Operating Officer
Total Annual Compensation: $1.8M
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $1.2M
Chief Portfolio Officer and Executive Vice Pr...
Total Annual Compensation: $972.4K
Compensation as of Fiscal Year 2014.

mbia inc (MBI) Key Developments

MBIA Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

MBIA Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $245 million compared to $187 million for the same period a year ago. Income before income taxes was $92 million compared to $55 million for the same period a year ago. Net income was $64 million or $0.36 per diluted share against $120 million or $0.45 per diluted share a year ago. Operating income was $19 million against $2 million a year ago. The improvement in Combined Operating Income for the three months ended June 30, 2015 compared with the same period of 2014 was driven primarily by a lower tax provision, as the 2014 quarter had a higher effective tax rate due to a tax reserve increase. In addition, higher refunding premiums earned and lower expenses, including a 53% reduction of loss and loss adjustment expenses, contributed to the improved 2015 results. The decrease in consolidated net income for the second quarter of 2015 as compared to the year-ago quarter was primarily due to a tax valuation allowance release during the second quarter of 2014. For the six months, the company reported total revenue of $464 million compared to $764 million for the same period a year ago. Income before income taxes was $205 million compared to $459 million for the same period a year ago. Net income was $133 million or $0.72 per diluted share against $376 million or $1.83 per diluted share a year ago. Operating income was $53 million against $42 million a year ago. Book value per share was $22.26 as on June 30, 2015 against $20.47 as on December 31, 2014. Adjusted book value per share was $27.00 as on June 30, 2015 against $24.87 as on December 31, 2014. The increases in adjusted book value per share since year-end 2014 have primarily been driven by decreases in common shares outstanding. The increase in the Combined Operating Income for the first six months of 2015 was primarily due to a lower provision for income taxes. The decrease in consolidated GAAP net income was primarily driven by a 39% reduction in total revenues, as net gains on insured derivatives declined by $334 million as the reversal of unrealized losses from commutations substantially increased the amount for the first six months of 2014.

Keith D. Curry Elects to the MBIA Inc.'s Board of Directors

MBIA Inc. announced that Keith D. Curry was elected to the company’s board of directors in accordance with the board’s power under company’s by-laws to fill interim vacancies. Since February of 2006, Mr. Curry has been a city council member in Newport Beach, California where he served as mayor in 2010 and 2013. In May of 2011, Mr. Curry retired as a managing director of Public Financial Management Inc. In January 2012, Mr. Curry was named the Director of the Center for Public Policy at Concordia University and Visiting Professor at Concordia University in Irvine, California. In addition to the Newport Beach city council, Mr. Curry is a board member and Chair of the Administration Committee of the Orange County Sanitation District and is President of the Orange County Parks Commission. He was formerly President of the Orange County Division of the League of California Cities and the Association of California Cities - Orange County.

MBIA Inc.(NYSE:MBI) added to Russell 2000 Index

MBIA Inc. will be added to Russell 2000 Index

 

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MBI Competitors

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Company Last Change
Assured Guaranty Ltd $24.76 USD -0.18
Credit Suisse Group AG SFr.25.99 CHF 0.00
Deutsche Bank AG €26.12 EUR -0.299
Morgan Stanley $34.05 USD -0.25
Syncora Holdings Ltd $0.70 USD +0.02
View Industry Companies
 

Industry Analysis

MBI

Industry Average

Valuation MBI Industry Range
Price/Earnings 3.9x
Price/Sales 1.1x
Price/Book 0.3x
Price/Cash Flow 3.5x
TEV/Sales NM Not Meaningful
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