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Ambac Financial Group Inc (AMBC.OQ)

AMBC.OQ on NASDAQ Stock Exchange Global Select Market

20.90USD
25 Sep 2018
Change (% chg)

$-0.14 (-0.67%)
Prev Close
$21.04
Open
$21.12
Day's High
$21.12
Day's Low
$20.88
Volume
41,786
Avg. Vol
234,779
52-wk High
$23.30
52-wk Low
$13.17

Latest Key Developments (Source: Significant Developments)

Ambac Financial Group Q2 Adjusted Earnings Per Share $0.78
Wednesday, 8 Aug 2018 

Ambac Financial Group Inc ::AMBAC ANNOUNCES SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $0.78.Q2 EARNINGS PER SHARE $0.09.Q2 EARNINGS PER SHARE VIEW $0.43 -- THOMSON REUTERS I/B/E/S.DURING Q2 OF 2018, NET PREMIUMS EARNED WERE $25.8 MILLION, COMPARED TO $30.9 MILLION IN Q1 OF 2018.NET INVESTMENT INCOME FOR Q2 OF 2018 AND Q1 OF 2018 WAS $66.7 MILLION AND $110.2 MILLION, RESPECTIVELY.  Full Article

Ambac Q1 Earnings Per Share $6.70
Tuesday, 8 May 2018 

May 8 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $7.22.Q1 EARNINGS PER SHARE $6.70.DURING Q1 OF 2018, NET PREMIUMS EARNED WERE $30.9 MILLION, COMPARED TO $31.5 MILLION IN Q4 OF 2017.  Full Article

Ambac Financial Group says Preliminary Q4 Total Revenues Between $170 Mln-$199 Mln
Friday, 2 Feb 2018 

Feb 2 (Reuters) - Ambac Financial Group Inc ::AMBAC FINANCIAL GROUP INC - PRELIMINARY Q4 TOTAL REVENUES BETWEEN $170 MILLION - $199 MILLION.AMBAC FINANCIAL GROUP INC - PREMIUM EARNINGS ARE EXPECTED TO DECREASE IN Q4 2017‍​.AMBAC FINANCIAL GROUP - FOR Q4, EXPECT TO REPORT NET INCOME IN THE RANGE OF LOSS OF $57 MILLION TO PROFIT OF $12 MILLION.  Full Article

Ambac Announces Approval Of Plan Amendment
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES APPROVAL OF PLAN AMENDMENT FOR SEGREGATED ACCOUNT REHABILITATION EXIT.AMBAC FINANCIAL GROUP INC - ‍CIRCUIT COURT ISSUED ORDER APPROVING SECOND AMENDED PLAN OF REHABILITATION FOR SEGREGATED ACCOUNT OF AAC​.  Full Article

Ambac Financial Announces Purchase Of COFINA Bonds And Withdrawal Of COFINA Bondholder Objection ​
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - Ambac Financial Group Inc ::AMBAC FINANCIAL GROUP - ‍AMBAC ASSURANCE CORPORATION ENTERED DEAL WITH BONDHOLDERS TO PURCHASE CERTAIN SALES TAX REVENUE CAPITAL APPRECIATION BONDS​.AMBAC FINANCIAL SAYS IN RELATION TO PURCHASE, COFINA BONDHOLDERS HAVE WITHDRAWN THEIR OBJECTION TO REHABILITATOR'S SEPT 25 MOTION.AMBAC FINANCIAL - AAC NOW OWNS 58% OF ITS INSURED COFINA BONDS WITH PURCHASE OF CERTAIN SALES TAX REVENUE CAPITAL APPRECIATION BONDS.  Full Article

Ambac announces third quarter loss of $4.20 per share
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Ambac Financial Group Inc :Ambac announces third quarter 2017 results.Q3 adjusted loss per share $3.30.Q3 loss per share $4.20.Loss in q3 were adversely impacted by public finance losses and loss expenses incurred​.Board completed a comprehensive review of ambac's corporate strategy​.To ‍evaluate future new business initiatives in certain business sectors, adjacent to co's core business​.To conduct ‍ongoing review of organizational cost effectiveness and efficiency of operating platform​.  Full Article

Ambac Assurance reaches definitive agreement on and receives confirmation of OCI support
Wednesday, 19 Jul 2017 

July 19 (Reuters) - Ambac Financial Group Inc :Ambac Assurance reaches definitive agreement on and receives confirmation of OCI support for a transformational plan to conclude the segregated account rehabilitation.Pro-forma impact of transaction as of March 31, 2017 to add approximately $8.02 of book value per share.Ambac Financial Group Inc - AAC has also received confirmation from office of commissioner of insurance for state of Wisconsin of its support for transaction.Pro-forma impact of transaction as of March 31, 2017 to add approximately $9.83 of adjusted book value per share.Ambac Financial Group Inc - transaction, as of March 31, 2017, will result in an increase of approximately $361.1 million or $8.02 of book value per share.  Full Article

UPDATE 1-Puerto Rico bond prices surge as restructuring deals struck

CHICAGO, Aug 9 Puerto Rico bonds rallied on Thursday, a day after the latest debt restructuring deal struck between the bankrupt U.S. commonwealth and its bondholders as well as a federal court ruling that affirmed the budgetary powers of an oversight board.