Quote & Headlines
Market Currents
StockTalk
Today
5d
1m
3m
1y
5y
10y
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
1,312 people get MBI articles and Market Currents by email alert.
Get email alerts on MBI »
HEADLINES:
ALL
|
PRO
|
FOCUS
|
RELATED
|
TRANSCRIPTS
|
NEWS & PR
-
-
-
-
Business Wire (May 9, 2013)
-
-
-
-
-
Business Wire (May 6, 2013)
-
Business Wire (May 2, 2013)
-
-
-
-
-
-
Business Wire (Mar 4, 2013)
-
Business Wire (Feb 27, 2013)
To learn more about Seeking Alpha Pro, click here.
-
-
-
-
-
-
-
-
-
What to Expect From MBIA's Earnings Report WednesdayRobert Weinstein • Mon, Aug 8, 2011 -
-
-
-
-
-
Shorts Ramp Up Bets Against MBIAData Explorers • Wed, Nov 11, 2009 -
-
-
-
-
Earnings Preview: MBIATheflyonthewall • Mon, May 11, 2009
-
MBIA Management Discusses Q3 2012 Results - Earnings Call TranscriptThu, Nov 8, 2012
-
MBIA Management Discusses Q2 2012 Results - Earnings Call TranscriptThu, Aug 9, 2012
-
MBIA's CEO Discusses Q1 2012 Results - Earnings Call TranscriptFri, May 11, 2012
-
MBIA's CEO Discusses Q4 2011 Results - Earnings Call TranscriptThu, Mar 1, 2012 • 3 Comments
-
MBIA's CEO Discusses Q3 2011 Results - Earnings Call TranscriptThu, Nov 10, 2011 • 7 Comments
-
MBIA's CEO Discusses Q2 2011 Results - Earnings Call TranscriptWed, Aug 10, 2011
-
MBIA's CEO Discusses Q1 2011 Results - Earnings Call TranscriptWed, May 11, 2011
-
MBIA's CEO Discusses Q4 2010 Results - Earnings Call TranscriptWed, Mar 2, 2011
-
MBIA CEO Discusses Q3 2010 Results - Earnings Call TranscriptWed, Nov 10, 2010 • 1 Comment
-
MBIA Inc. Q1 2010 Earnings Call TranscriptTue, May 11, 2010
-
MBIA Inc. Q4 2009 Earnings Call TranscriptTue, Mar 2, 2010
-
MBIA Inc. Q3 2009 Earnings Call TranscriptTue, Nov 10, 2009
-
MBIA Inc. Q2 2009 Earnings Call TranscriptThu, Aug 6, 2009
-
MBIA Inc. Q1 2009 Earnings Call TranscriptTue, May 12, 2009
-
MBIA Inc. Q4 2008 Earnings Call TranscriptWed, Mar 4, 2009
-
MBIA Inc. Q3 2008 Earnings Call TranscriptWed, Nov 5, 2008
-
MBIA, Inc. Q1 2008 Earnings Call TranscriptTue, May 13, 2008
-
MBIA, Inc. Q4 2007 Earnings Call TranscriptMon, Feb 4, 2008
-
Business Wire (May 9, 2013)
-
at MarketWatch.com (May 8, 2013)
-
at CNBC.com (May 7, 2013)
-
at CNBC.com (May 6, 2013)
-
at MarketWatch.com (May 6, 2013)
-
Business Wire (May 6, 2013)
-
Business Wire (May 2, 2013)
-
at CNBC.com (Mar 8, 2013)
-
Business Wire (Mar 4, 2013)
-
Business Wire (Feb 27, 2013)
-
at CNBC.com (Dec 14, 2012)
-
Business Wire (Nov 20, 2012)
-
at MarketWatch.com (Nov 14, 2012)
-
at MarketWatch.com (Nov 13, 2012)
-
Business Wire (Nov 7, 2012)
MBI vs. ETF Alternatives
Company Description
MBIA Inc. (“MBIA,” the “Company,” “we” or “us”) provides financial guarantee insurance, as well as related reinsurance, advisory and portfolio services for the public and structured finance markets, and investment management services, including advisory services, on a global basis. The Company... More
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Thursday, May 23, 9:32 AM Ally Financial takes another step towards an IPO as it agrees to pay $2.1B towards the settlement of the ResCap bankruptcy. The move, says Ally, essentially removes the threat it would have to pay billions more in private claims related to its subprime mortgage arm. It's also a victory for MBIA (MBI), whose share of the proceeds could be $600M, according to hedge funder Manal Mehta (he's long). 3 Comments [Financials]
- Friday, May 10, 2:57 PM MBIA's (MBI) National Public Finance unit's credit rating is hiked to A from BBB at S&P which says the end of litigation means MBIA (which is hiked to BBB from B-) is no longer "an anchor" on the division. "We expect National's operating performance to remain a rating strength as it writes new business." Comment! [Financials]
- Friday, May 10, 12:10 PM "We expect to be in a position to write business and add to shareholder value in the near future," says MBIA (MBI -3.1%) CFO Chuck Chaplin, talking about National Public Finance on the earnings call (transcript). This week's settlements have a "huge impact" on National capital adequacy, he says, and the unit's marketing, underwriting, and servicing platforms are ready to begin firing again. 1 Comment [Financials, On the Move]
- Friday, May 10, 10:55 AM MBIA's (MBI -2.1%) earnings report is a good excuse to take just a few profits after a 50%+ run the past few sessions following the BofA settlement. Analysis of the company has shifted from survival assessment to future prospects, writes BTIG's Mark Palmer. Key, he says, will be management plans for extracting value from MBIA Insurance. Even attaching zero value to the unit, he rates MBIA a Buy with $22 price target. 1 Comment [Financials, On the Move]
- Thursday, May 9, 4:43 PM More on MBIA (MBI) Q1 earnings: U.S. public finance pre-tax income of $142M vs. $55M a year ago. Structured finance $136M vs. $102M. Corporate loss of $46M vs. $10M. Wind-down segment loss of $19M vs. $147M. S&P upgrades National Public Finance to BB following the BofA settlement and says an A rating is in the offing once the litigation is complete. Shares back to about flat AH. Conference call tomorrow at 8 ET. (PR) Comment! [Earnings, Financials]
- Thursday, May 9, 4:15 PM MBIA (MBI): Q1 EPS of $0.84 vs. $0.05 a year ago. Book value of $30.56/share, down from $30.68 on Dec. 31, $32 a year ago. Shares +2.1% AH. (PR) 1 Comment [Earnings, Financials, Breaking News]
- Thursday, May 9, 12:10 AM Notable earnings after Thursday’s close: AGO, AIRM, AL, ALIM, ANAC, ASYS, AUQ, BCEI, BID, BPZ, CALL, CPE, DAR, EGY, ET, FTK, FXEN, GXP, KTOS, LLNW, MBI, MCP, MDRX, MDVN, NGVC, NVDA, OPTR, PANL, PCLN, PDLI, PSA, RNDY, SF, SLXP, SQNM, TNGO, UBNT, ZGNX Comment! [Earnings]
- Wednesday, May 8, 5:35 PM Notable earnings after Thursday’s close: AGO, AIRM, AL, ALIM, ANAC, ASYS, AUQ, BCEI, BID, BPZ, CALL, CPE, DAR, EGY, ET, FTK, FXEN, GXP, KTOS, LLNW, MBI, MCP, MDRX, MDVN, NGVC, NVDA, OPTR, PANL, PCLN, PDLI, PSA, RNDY, SF, SLXP, SQNM, TNGO, UBNT, ZGNX Comment! [Earnings]
- Wednesday, May 8, 2:58 PM MBIA (MBI +3.8%) is reportedly paying SocGen $350M to settle a restructuring lawsuit. It's the last of 18 bank lawsuits dragging on the insurer and reduces by $4.2B its potential liability on guarantees it wrote for CMBS. The company will draw about $150M of funds from its U.K. subsidiary with no plans to pull on any of its recent $500M credit line with BofA. Comment! [Financials]
- Tuesday, May 7, 12:48 PM MBIA (MBI) still has considerable upside, writes Mark Palmer, as the insolvency of MBIA Insurance is off the table following the BofA settlement. Might there still be equity value in the unit? There's also the National Public Finance unit whose value may now be unlocked and the possible return of writing municipal bond insurance. Comment! [Financials]
- Tuesday, May 7, 9:54 AM Radian Guaranty (RDN +1.9%) delinquency data for April shows ending delinquent inventory of 81,577 loans vs. 85,109 at the month's start. New insurance written during the month of $4.12B. Mortgage insurers continue to bask in the glow of MBIA's (MBI +0.8%) settlement with BofA yesterday. MGIC (MTG +2.9%), Assured Guaranty (AGO +1.1%). (PR) Comment! [Financials, On the Move]
- Monday, May 6, 4:57 PM More on the BofA/MBIA settlement: As the settlement occurred prior to the filing of BofA's (BAC) 10-Q, the bank will take a Q1 charge of $1.5B, or $0.10/share, bringing net income down from $0.20/share to $0.10. The Tier 1 Capital Ratio will increase 10 bps to 9.52%, reflecting the reduction in risk-weighted assets associated with terminated CDS contracts. Tangible book value drops $0.10/share to $13.36. In addition to cash of about $1.7B, BofA will provide a $500M credit line to MBIA Insurance. It will also receive warrants to purchase 9.94M shares of MBIA (MBI) stock - roughly a 4.9% stake - at an exercise price of $9.59/share anytime prior to May 2018. (PR) Comment! [Financials]
- Monday, May 6, 12:54 PM More on the BofA/MBIA settlement: Bank of America (BAC +4%) will pay MBIA's mortgage insurance arm about $1.6B plus some IOUs, bringing the total amount to $1.7B, reports the WSJ. Additionally, the bank will take about a 5% stake in the holding company, MBIA (MBI +41.9%). It's a win-win as MBIA Insurance gets a lifeline and BofA removes the potential of a far larger award at trial. Congrats to BTIG's Mark Palmer and keen bloggers like Christian Herzeca who recognized MBIA's legal "loss" last week as a big push for BofA to get this thing settled. Comment! [Financials, On the Move]
-
Monday, May 6, 12:47 PM
Midday top 10 gainers: MBI +41%. FSGI +32%. ABFS +31%. MNGA +25%. YRCW +22%. BORN +16%. PRMW +15%. CHLN +14%. RENN +14%. YY +14%.
Midday top 10 losers: PAL -18%. HGSH -11%. GEOS -9%. LNCO -9%. LINE -9%. CHCI -9%. VISN -8%. OSH -8%. TG -7%. LTBR -7%. 1 Comment [On the Move] - Monday, May 6, 12:16 PM MBIA (MBI +40.7%) soars on a rumored settlement with Bank of America (BAC +3.2%) over mortgage putback issues. BofA will reportedly take a 5% stake in MBIA, paying $1.65B along with a $500M credit line. 10 Comments [Breaking News, Financials, On the Move]
- Monday, May 6, 10:20 AM Assured Guaranty (AGO +3.2%) pops after UBS agrees to pay $358M to settle claims over questionable MBS the bank issued and Assured guaranteed. The cash, says Mark Palmer, will allow Assured to buy back shares continuing to trade at a massive discount to book value. A settlement with Credit Suisse (CS) may be next. MBIA (MBI +3.5%) jumps as well. Comment! [Financials, On the Move]
-
- View all 0 replies
-
- View all 0 replies
-
- View all 0 replies
-
Ghosts of Kariela
Well $MBI is doing very well, though it is still undervalued here, not by too much though lol! Staying long, might trim a bit though. - View all 0 replies
-
- View all 2 replies
-
Ocean Man: I'm still trying to get to that point where I don't use exclamation points when one of mine goes up 40% in one day. :) -
Dr. Kris: Interesting to note that the stock jumped 10% in the two minutes before it was halted at 12:09pm ET pending the announcement.
-
- View all 0 replies
-
Ghosts of Kariela
Like $MBI but concerned about lawsuits and cash? Short some LEAP puts, quite a nice amount of protection there to say the least. - View all 0 replies
-
- View all 0 replies
-
- View all 1 replies
-
-
- View all 0 replies
LATEST REPLIES
-
DeepValueLover
$MBI vs. $BAC is this FINALLY coming to an end? When it does I expect a 60% one day spike in MBIA. - View all 4 replies
-
Ghosts of Kariela: Still can go higher, i added today, when they spin off $hitCo aka structred sub. Then the stock will really get going!
-
Ghosts of Kariela: Though my opinion of Jay Brown has droped a bit recently.
-
- View all 2 replies
-
Ocean Man: I'm still trying to get to that point where I don't use exclamation points when one of mine goes up 40% in one day. :)
-
Dr. Kris: Interesting to note that the stock jumped 10% in the two minutes before it was halted at 12:09pm ET pending the announcement.
-
- View all 1 replies
-
-
Chris DeMuth Jr.
Great legal victory for $MBI over $BAC and Societe Generale as suit fighting their restructuring of assets is dismissed. + >24% today. - View all 1 replies
-
TheCompleatAngler: I've been wondering if this decision affects their odds of winning the fraudulent conveyance lawsuit.
-
- View all 1 replies
-
-
- View all 1 replies
-
-
- View all 9 replies
-
Ghosts of Kariela: his GGP off to increase cash. So he might see potential withdrawals in the future.
-
Ran Moshe: They will not closed ended, just closed to new investors. Existing investors would still be able to withdraw or invest.
-
Tom Armistead
Closed out my MBI position today, potential liquidity shortfall and now BAC is offering to buy their bonds at par...to cause trouble... - View all 4 replies
-
DeepValueLover: OK. but I still am having trouble figuring out how MBIA runs out of liquidity all of a sudden. What has changed from a capital standpoint?
-
Tom Armistead: Financials have disclosed the risk for some time, it was always there. Payments of RMBS claims continue, BAC continues to stall settlement.
-
- View all 1 replies
-
