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Ambac Financial Group Inc (AMBC.OQ)

AMBC.OQ on NASDAQ Stock Exchange Global Select Market

16.27USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Ambac Financial Group says Preliminary Q4 Total Revenues Between $170 Mln-$199 Mln
Saturday, 3 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
Tuesday, 23 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SALES TAX REVENUE CAPITAL APPRECIATION BONDS​.AMBAC FINANCIAL SAYS IN RELATION TO PURCHASE, COFINA BONDHOLDERS HAVE WITHDRAWN THEIR OBJECTION TO REHABILITATOR'S SEPT 25 MOTION.AMBAC FINANCIAL - AAC NOW OWNS 58% OF ITS INSURED COFINA BONDS WITH PURCHASE OF CERTAIN SALES TAX REVENUE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
Thursday, 9 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
Thursday, 20 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

Joseph Pirinea submits shareholder proposal to Ambac Financial to review strategic alternatives
Monday, 29 Aug 2016 

: Joseph Pirinea - On August 26, submitted to Ambac Financial Group shareholder proposal to hire investment banking firm to review strategic alternatives .Joseph Pirinea - Notified Ambac Financial of intention to introduce shareholder proposal for consideration, action by shareholders at annual meeting.  Full Article

Ambac Q2 earnings per share $1.29
Wednesday, 10 Aug 2016 

Ambac Financial Group Inc : Ambac announces second quarter 2016 results . Q2 earnings per share $1.29 .Q2 operating earnings per share $2.54.  Full Article

Ambac Financial Group Q1 net income $0.21 per diluted share
Wednesday, 11 May 2016 

Ambac Financial Group Inc : Ambac announces first quarter 2016 results .Q1 2016 net income of $9.4 million or $0.21 per diluted share.  Full Article

BRIEF-Ambac announces third quarter loss of $4.20 per share

* Loss in q3 were adversely impacted by public finance losses and loss expenses incurred​