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MBI

MBIA

$10.42

-0.03 (-0.29%)

16:31
11/06/18
11/06
16:31
11/06/18
16:31

MBIA reports Q3 EPS adjusted EPS (35c), consensus (19c)

Book value per share was $12.22 as of September 30 compared with $15.44 as of December 31, 2017. Adjusted Book Value per share was $26.80 compared with $28.77 as of December 31, 2017. "The decrease in ABV per share since year-end 2017 was primarily due to additional loss and loss adjustment expense reserves at National that are primarily related to its Puerto Rico exposures," the company said. It added, "The net loss for the third quarter of 2018 was driven by losses and loss adjustment expenses that were primarily related to its Puerto Rico exposures and an accounting loss related to the deconsolidation of variable interest entities. The decrease in the year-over-year consolidated GAAP net loss was primarily due to lower losses and loss adjustment expenses and lower net investment losses related to other than temporary impairments."

  • 07

    Nov

MBI MBIA
$10.42

-0.03 (-0.29%)

02/05/18
KBWI
02/05/18
INITIATION
Target $7
KBWI
Market Perform
MBIA initiated with a Market Perform at Keefe Bruyette
Keefe Bruyette initiated MBIA with a Market Perform rating and $7 price target.
02/05/18
02/05/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Kellogg (K) initiated with a Buy at Pivotal Research. 2. MBIA (MBI) initiated with a Market Perform at Keefe Bruyette. 3. AxoGen (AXGN) initiated with an Outperform at William Blair. 4. Ctrip (CTRP) initiated with a Hold at Deutsche Bank. 5. Sun Hydraulics (SNHY) was initiated with a Buy at SunTrust and an Overweight at KeyBanc. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
02/16/18
BTIG
02/16/18
NO CHANGE
BTIG
BTIG says PREPA request rejection a 'huge' positive for Assured Guaranty, MBIA
BTIG analyst Mark Palmer said that U.S. District Court Judge Laura Taylor Swain's rejection of the financial oversight board's effort to prime the bondholders of the Puerto Rico Electric Power Authority, or PREPA, is a "huge" positive for municipal bond insurers Assured Guaranty (AGO) and MBIA (MBI). Each have significant insured exposure to PREPA's debt and the rejection of PREPA's effort to gain approval for a $1B DIP loan issued by the Puerto Rico government that would have primed the utility's bondholders was a big win, said Palmer. He also believes the ruling had broader implications for them and fellow municipal bond insurer Ambac Financial (AMBC), which has no insured exposure to PREPA but still filed a motion opposing the DIP loan. MBIA shares are up 6.8% in early trading while Assured Guaranty is up about 3.8%.

TODAY'S FREE FLY STORIES

LVS

Las Vegas Sands

$53.63

-0.11 (-0.20%)

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CTWS

Connecticut Water

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-0.08 (-0.11%)

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$64.12

-0.32 (-0.50%)

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Connecticut Water to host special shareholder meeting »

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GOOG

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$1,060.06

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Diane Greene confirms Thomas Kurian to become Google Cloud CEO »

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ORCL

Oracle

$51.20

0.56 (1.11%)

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$NSD

NASDAQ Market Internals

$0.00

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13:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$273.80

0.96 (0.35%)

13:12
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White House says Trump just expressing optimism on trade, CNBC reports »

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0.96 (0.35%)

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SPX

S&P 500

$0.00

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, SPY

SPDR S&P 500 ETF Trust

$273.79

0.95 (0.35%)

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White House tells CNBC not to read too much into Trump's trade comments »

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13:09
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General news
Baker-Hughes Rig Count N. Amer. data reported »

Week of 11/16…

BHGE

Baker Hughes

$23.40

0.11 (0.47%)

13:05
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13:05
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13:05
Hot Stocks
Baker Hughes reports U.S. rig count up 1 to 1,082 rigs »

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  • 29

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ECA

Encana

$7.56

-0.19 (-2.45%)

13:05
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Options
Encana call volume above normal and directionally bullish »

Bullish option flow…

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SYRS

Syros Pharmaceuticals

$8.03

0.16 (2.03%)

13:00
11/16/18
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Recommendations
Syros Pharmaceuticals analyst commentary  »

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  • 27

    Nov

  • 01

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$273.77

0.93 (0.34%)

12:54
11/16/18
11/16
12:54
11/16/18
12:54
General news
Trump says China 'wants to make a deal' on trade »

President Trump said in…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$273.77

0.93 (0.34%)

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PYPL

PayPal

$85.27

-1.48 (-1.71%)

12:50
11/16/18
11/16
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11/16/18
12:50
Options
Notable call writing in Paypal as shares drop 2% »

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  • 19

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GOOG

Alphabet

$1,051.92

-12.82 (-1.20%)

, GOOGL

Alphabet Class A

$1,057.14

-14.08 (-1.31%)

12:49
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ORCL

Oracle

$51.16

0.52 (1.03%)

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  • 28

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.08

-0.76 (-0.28%)

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General news
Markets bounce higher after Trump comments on China trade talks »

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12:45
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Breaking General news story  »

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.55

-0.29 (-0.11%)

12:40
11/16/18
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General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

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S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$272.55

-0.29 (-0.11%)

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$272.55

-0.29 (-0.11%)

12:40
11/16/18
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12:40
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General news
Breaking General news story on S&P 500, SPDR S&P 500 ETF Trust »

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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$272.55

-0.29 (-0.11%)

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IQ

iQIYI

$20.54

-0.53 (-2.52%)

12:40
11/16/18
11/16
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Options
4K Jun 22.5 calls on iQiyi trade $3.40 »

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FB

Facebook

$138.09

-5.77 (-4.01%)

12:38
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Hot Stocks
Definers says not hired by Facebook for opposition research »

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  • 28

    Nov

LYB

LyondellBasell

$94.38

0.95 (1.02%)

, BAK

Braskem

$27.66

0.56 (2.07%)

12:30
11/16/18
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Periodicals
LyondellBasell close to presenting binding offer for Braskem, Reuters says »

LyondellBasell (LYB) is…

LYB

LyondellBasell

$94.38

0.95 (1.02%)

BAK

Braskem

$27.66

0.56 (2.07%)

PBR

Petrobras

$14.87

0.32 (2.20%)

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CTSH

Cognizant

$68.91

0.24 (0.35%)

12:30
11/16/18
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Options
Call buying in Cognizant Tech as the company hosts an Investor Day Friday »

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  • 16

    Nov

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BAK

Braskem

$27.74

0.64 (2.36%)

, LYB

LyondellBasell

$94.44

1.01 (1.08%)

12:26
11/16/18
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Hot Stocks
Breaking Hot Stocks news story on Braskem, LyondellBasell »

Braskem up 54c to $27.68…

BAK

Braskem

$27.74

0.64 (2.36%)

LYB

LyondellBasell

$94.44

1.01 (1.08%)

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EADSY

Airbus

$0.00

(0.00%)

12:25
11/16/18
11/16
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11/16/18
12:25
Periodicals
Airbus, Dassault plan to submit bid for early work on new jet, Reuters says »

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12:25
11/16/18
11/16
12:25
11/16/18
12:25
Conference/Events
UBS alternative energy analyst to hold an analyst/industry conference call »

Alternative Energy…

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