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India

MBIA Inc (MBI.N)

MBI.N on New York Stock Exchange

8.76USD
16 Feb 2018
Change (% chg)

$0.52 (+6.31%)
Prev Close
$8.24
Open
$8.60
Day's High
$8.99
Day's Low
$8.60
Volume
804,241
Avg. Vol
1,011,941
52-wk High
$10.89
52-wk Low
$6.05

Latest Key Developments (Source: Significant Developments)

MBIA Says Board Will Decrease In Size From 7 To 6 Directors
Saturday, 23 Dec 2017 

Dec 22 (Reuters) - MBIA Inc ::MBIA INC SAYS BOARD WILL DECREASE IN SIZE FROM SEVEN TO SIX DIRECTORS - SEC FILING.  Full Article

Fine Capital Partners L.P. reports 12.1 pct passive stake in MBIA as of Nov 7
Saturday, 18 Nov 2017 

Nov 17 (Reuters) - MBIA Inc :Fine Capital Partners L.P. reports 12.1 percent passive stake in MBIA Inc as of November 7, 2017 - SEC Filing‍​.  Full Article

MBIA Inc posts Q3 adj. loss per share $0.91
Wednesday, 8 Nov 2017 

Nov 7 (Reuters) - Mbia Inc :MBIA Inc. Reports third quarter 2017 financial results.Q3 GAAP loss per share $2.17.Q3 non-GAAP operating loss per share $0.91.Q3 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.MBIA Inc - ‍book value per share was $13.88 as of September 30, 2017 compared with $23.87 as of December 31, 2016​.MBIA Inc - ‍as of Sept 30, 2017, co's liquidity position was $294 million consisting primarily of cash, cash equivalents, liquid short-term invested assets​.MBIA Inc - ‍ adjusted book value was $24.81 as of September 30, 2017 compared with $31.88 as of December 31, 2016​.MBIA Inc - qtrly net premiums earned $53 million versus $77‍​ million.MBIA Inc qtrly ‍net investment income $33 million versus $39 million​.  Full Article

EJF Capital reports 5.7 pct passive stake in MBIA Inc
Friday, 27 Oct 2017 

Oct 26 (Reuters) - EJF Capital Llc::EJF Capital Llc reports 5.7% passive stake in MBIA Inc as of Oct 17 - SEC filing‍​.  Full Article

‍National Public Finance Guarantee Corp says filed legal motion​ to lift PROMESA stay
Wednesday, 19 Jul 2017 

July 18 (Reuters) - ‍National Public Finance Guarantee Corp:‍national public finance guarantee corp says filed legal motion​ to lift promesa stay to seek appointment of receiver, compel rate increase.  Full Article

National Public Finance criticizes Puerto Rico oversight board
Saturday, 1 Jul 2017 

June 30 (Reuters) - Mbia Inc :‍National Public Finance Guarantee says believes financial oversight and management board for Puerto Rico violated promesa by authorizing Title III filing by PREPA​.  Full Article

Mbia Q2 gaap loss per share $0.20
Tuesday, 9 Aug 2016 

Mbia Inc : Q2 non-gaap operating earnings per share $0.12 . Mbia inc. Reports second quarter 2016 financial results . Q2 gaap loss per share $0.20 . Q2 earnings per share view $0.10 -- Thomson Reuters I/B/E/S . Mbia inc says net premiums earned in u.s. Public finance insurance segment were $56 million in q2 of 2016, down 23 percent from q2 of 2015 . Mbia inc says mbia insurance corp's statutory net loss was $49 million in q2 of 2016, compared with a net loss of $47 million in q2 of 2015 . Says "focus inside and outside company remains on national's puerto rico's exposures" . Says book value per share was $26.88 as of june 30, 2016 compared with $24.61 as of december 31, 2015 . Says net investment income for u.s. Public finance insurance segment was $30 million for q2 of 2016 versus $28 million for prior year's q2 .Says "anticipate better progress in reaching resolutions on each of our insured puerto rico credits".  Full Article

S&P downgrades MBIA to 'CCC' from 'B', outlook negative
Wednesday, 15 Jun 2016 

S&P Global Ratings : MBIA Insurance Corp downgraded to 'CCC' from 'B'; outlook negative . MBIA's liquidity position is weak, and the co may not meet all of its insurance policy obligations in the next 12 months .Negative outlook reflects view that MBIA's liquidity position is subject to risks that directly affect its claims-paying ability.  Full Article

National Public Finance Guarantee Corp says filed complaint challenging Puerto Rico emergency moratorium and financial rehabilitation act
Wednesday, 15 Jun 2016 

MBIA Inc :National public finance guarantee Corp says filed complaint challenging Puerto Rico emergency moratorium and financial rehabilitation act.  Full Article

MBIA Q1 gaap loss per share $0.58
Tuesday, 10 May 2016 

Mbia Inc : Adjusted book value per share increased to $31.74 as of march 31, 2016 from $29.69 as of december 31, 2015 . Qtrly total net premiums earned in u.s. Public finance insurance segment were $58 million in q1 of 2016, down 32 percent . Mbia inc q1 net investment income for u.s. Public finance insurance $31 million in q1 of 2016, 7 percent higher than q1 of 2015 . As of may 5, 2016, there was $100 million of remaining authorized capacity under company's current share repurchase program . Mbia inc. Reports first quarter 2016 financial results . Q1 gaap loss per share $0.58 .Q1 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-MBIA Says Board Will Decrease In Size From 7 To 6 Directors

* MBIA INC SAYS BOARD WILL DECREASE IN SIZE FROM SEVEN TO SIX DIRECTORS - SEC FILING Source text: (http://bit.ly/2pgRVgj) Further company coverage: