Ambac (AMBC) Reports Q2 EPS of $2.54

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Go back to Ambac (AMBC) Reports Q2 EPS of $2.54

Ambac Announces Second Quarter 2016 Results

August 9, 2016 4:15 PM EDT

Net Income of $58.6 million or $1.29 per Diluted Share and Operating Earnings of $115.0 million or $2.54 per Diluted Share

Book Value per Share Increased 3% to $39.80 and Adjusted Book Value per Share Increased 3% to $29.94 at June 30, 2016 from March 31, 2016

Reached a $60 million Settlement with an RMBS Counterparty Over a Non-R&W Dispute

Insured Portfolio Reduced by $7 billion, or 7%, to $94 billion

Adversely Classified Credits Reduced by $1 billion, or 5.4%, to $18 billion

NEW YORK, Aug. 09, 2016 (GLOBE NEWSWIRE) --  Ambac... More