Why MBIA Inc. Stock Just Jumped 10% [The Motley Fool]
MBIA Inc. (MBI)
US:NYSE Investor Relations:
investor.mbia.com
Company Research
Source: The Motley Fool
According to the analysts, at least, MBIA's massive loss was an earnings "beat." Rich Smith ( TMFDitty ) May 11, 2017 at 4:09PM What happened Shares of bond backer MBIA ( NYSE:MBI ) are up 10.2% as of 3 p.m. EDT. So what MBIA reported its fiscal Q1 2017 earnings this morning. The bond insurer booked a $0.55 per share loss for the quarter, narrower than its $0.58 per share loss one year ago. Moreover, stock watchers are reporting that the company's pro-forma performance worked out to $0.07 in profit , which was a penny better than Wall Street had been expecting to see. Thus, analysts are chalking this one up as an " earnings beat " for MBIA -- yes, even though MBIA lost money. MBIA said its book value increased from $23.87 per share to $24.73 over the past three months, and its adjusted book value grew from $31.88 to $33.69 per share.
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MBI
News
- MBIA: More Value Can Come From The Insurance Subsidiaries [Seeking Alpha]Seeking Alpha
- MBIA Inc. (NYSE: MBI) had its price target lowered by analysts at Keefe, Bruyette & Woods from $9.00 to $7.50. They now have a "market perform" rating on the stock.MarketBeat
- MBIA Inc. (NYSE:MBI) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MBIA Inc. Reports Full Year and Fourth Quarter 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- MBIA Inc. Reports Full Year and Fourth Quarter 2023 Financial ResultsBusiness Wire
MBI
Earnings
- 2/28/24 - Miss
MBI
Sec Filings
- 3/25/24 - Form ARS
- 3/21/24 - Form DEF
- 3/7/24 - Form 8-K
- MBI's page on the SEC website