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Ambac Financial Group Inc (AMBC.OQ)

AMBC.OQ on NASDAQ Stock Exchange Global Select Market

19.86USD
20 Sep 2019
Change (% chg)

$0.03 (+0.15%)
Prev Close
$19.83
Open
$19.94
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$19.94
Day's Low
$19.60
Volume
269,149
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119,193
52-wk High
$21.74
52-wk Low
$14.44

Latest Key Developments (Source: Significant Developments)

Ambac Financial Group Q2 Adjusted Earnings Per Share $1.88
Friday, 9 Aug 2019 

Aug 8 (Reuters) - Ambac Financial Group Inc ::AMBAC REPORTS SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.88.Q2 LOSS PER SHARE $2.79.RESULTS FOR Q2 OF 2019 WERE PRIMARILY IMPACTED BY PREVIOUSLY ANNOUNCED BALLANTYNE RESTRUCTURING AND COMMUTATION.QTRLY NET INVESTMENT INCOME WAS $86.5 MILLION.DURING Q2 OF 2019, NET PREMIUMS EARNED WERE $7.8 MILLION COMPARED TO $27.8 MILLION IN Q1 OF 2019.  Full Article

Ambac Announces Closing Of Ballantyne Restructuring Following Irish And U.S. Court Approvals
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES CLOSING OF BALLANTYNE RESTRUCTURING FOLLOWING IRISH AND U.S. COURT APPROVALS.AMBAC FINANCIAL GROUP INC - RESTRUCTURING ELIMINATES AMBAC'S $900 MILLION OF INSURED BALLANTYNE NET PAR EXPOSURE.AMBAC FINANCIAL GROUP INC - IMPACT OF TRANSACTION WILL BE INCLUDED IN Q2 FINANCIAL RESULTS..AMBAC FINANCIAL - TRANSACTION IS EXPECTED TO RESULT IN A NET LOSS PER DILUTED SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS OF BETWEEN $1.65 AND $1.90.AMBAC FINANCIAL GROUP - TRANSACTION IS EXPECTED TO RESULT IN DECREASE IN GAAP BOOK VALUE/SHARE OF BETWEEN $2.75 AND $3.00.AMBAC FINANCIAL GROUP - CONSUMMATION OF TRANSACTION IS EXPECTED TO RESULT IN ADJUSTED EARNINGS PER SHARE OF BETWEEN $2.65 AND $2.90.  Full Article

Ambac Q1 Loss Per Share $0.94
Friday, 10 May 2019 

May 9 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED LOSS PER SHARE $0.20.Q1 LOSS PER SHARE $0.94.QTRLY BOOK VALUE PER SHARE INCREASED $0.51 TO $35.63.QTRLY ADJUSTED BOOK VALUE PER SHARE DECREASED $0.06 TO $27.52 AT MARCH 31, 2019 FROM DECEMBER 31, 2018.QTRLY NET PREMIUMS EARNED $27.8 MILLION VERSUS $28.7 MILLION IN Q4.QTRLY TOTAL REVENUES $100.4 MILLION VERSUS $52 MILLION IN Q4.  Full Article

Ambac Financial Group Reports Q3 Adjusted Loss Per Share $1.66
Thursday, 8 Nov 2018 

Nov 7 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED LOSS PER SHARE $1.66.Q3 LOSS PER SHARE $0.48.Q3 EARNINGS PER SHARE VIEW $0.30 -- THOMSON REUTERS I/B/E/S.QTRLY NET PREMIUMS EARNED $25.6 MILLION VERSUS $25.8 MILLION IN Q2.  Full Article

Ambac Financial Q4 Loss Per Share $0.43
Thursday, 1 Mar 2018 

Feb 28 (Reuters) - Ambac Financial Group Inc ::AMBAC ANNOUNCES FOURTH QUARTER 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.12.Q4 LOSS PER SHARE $0.43.‍DURING Q4 OF 2017, NET PREMIUMS EARNED WERE $31.5 MILLION, COMPARED TO $53.0 MILLION IN Q3 OF 2017​.‍NET INVESTMENT INCOME FOR Q4 OF 2017 AND Q3 OF 2017 WAS $107.1 MILLION AND $87.2 MILLION, RESPECTIVELY​.  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