Ambac Announces Fourth Quarter 2015 Net Income of $387 Million, or $8.56 Per Diluted Share, Including Positive Impact From JP Morgan RMBS Litigation Settlement; Compared to a Net Loss of $391 Million

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Go back to Ambac Announces Fourth Quarter 2015 Net Income of $387 Million, or $8.56 Per Diluted Share, Including Positive Impact From JP Morgan RMBS Litigation Settlement; Compared to a Net Loss of $391 Million

Ambac (AMBC) Posts Q4 EPS of $8.56

February 18, 2016 4:31 PM EST

Ambac (NASDAQ: AMBC) reported Q4 EPS of $8.56, which may not compare with the analyst estimate of $1.15.

Operating earnings in the fourth quarter of 2015 were $481.0 million, or $10.64 per diluted share, compared to $170.5 million, or $3.77 per diluted share in the third quarter of 2015, an increase of... More