BofA (BAC) Pressures MBIA to Avoid Payments... And It's Working
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
Misunderstood MBIA (MBI) Scenario w/ BofA (BAC) Provides Buying Opportunity
May 2, 2013 11:10 AM EDTGiven recent speculation surrounding MBIA, Inc. (NYSE: MBI) in its ongoing litigation with Bank Of America's (NYSE: BAC) Countrywide, could the institution actually be a Buy given the circumstances?
BTIG thinks so. The firm points out that many media releases are understating the actual position MBIA is in. Last November, MBIA instituted a consent solicitation, effectively splitting-off MBIA Insurance risk from holdco and MBIA's municipal unit, National Public Finance Guarantee Corp.
Given the move, BTIG thinks that the value in MBIA is derived solely... More
Notable ETF Movers of the Day 11/14: (SOCL) Higher; (GDX) (XLF) Lower
November 14, 2012 3:20 PM ESTGainers:
Global X Social Media Index ETF (NYSE: SOCL) gained 0.55 percent as shares of Facebook (Nadaq: FB) took off. FB stock came out of the gate strong this morning and continued higher for... More
