Last €7.67 EUR
Change Today +0.169 / 2.25%
Volume 0.0
MBJ On Other Exchanges
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Exchange
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As of 6:09 AM 10/31/14 All times are local (Market data is delayed by at least 15 minutes).

mbia inc (MBJ) Snapshot

Open
€7.67
Previous Close
€7.50
Day High
€7.67
Day Low
€7.58
52 Week High
03/6/14 - €10.84
52 Week Low
10/15/14 - €6.61
Market Cap
1.5B
Average Volume 10 Days
850.0
EPS TTM
--
Shares Outstanding
193.2M
EX-Date
02/25/08
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MBIA INC (MBJ)

mbia inc (MBJ) Related Businessweek News

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mbia inc (MBJ) Details

MBIA Inc., together with its subsidiaries, provides financial guarantee insurance and related reinsurance, advisory, and portfolio services for the public and structured finance markets; and asset management advisory services in the United States and internationally. The company operates through three segments: United States Public Finance Insurance, Structured Finance and International Insurance, and Advisory Services. It insures and reinsures structured finance and international public finance obligations, such as structured finance and asset-backed obligations; payments due under credit and other derivatives; bonds and loans used for the financing of projects or other entities located outside the United States; and obligations of sovereign-related and sub-sovereign issuers. The company also monitors and remediates structured finance and international infrastructure risks, as well as the U.S. public finance transactions; and is involved in certain transactions that require intensive remediation. In addition, it provides cash management, customized asset management, discretionary asset management, and fund accounting services to governments, insurance companies, corporations, pension funds, unions, endowments, foundations, and investment companies; and manages asset/liability programs and conduits, collateralized debt obligations, and other funding vehicles for banks, insurance companies, program trustees, and investment companies. MBIA Inc. was founded in 1973 and is headquartered in Armonk, New York.

277 Employees
Last Reported Date: 03/3/14
Founded in 1973

mbia inc (MBJ) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
President, Chief Financial Officer and Chief ...
Total Annual Compensation: $750.0K
President and Chief Operating Officer
Total Annual Compensation: $750.0K
Chief Legal Officer, Executive Vice President...
Total Annual Compensation: $500.0K
Chief Portfolio Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

mbia inc (MBJ) Key Developments

MBIA Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Impairment Charges for the Second Quarter of 2014

MBIA Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total revenues were $187 million compared with $112 million a year ago. Income before income taxes was $55 million compared with loss of $264 million a year ago. Net income was $120 million or $0.45 per diluted share compared with net loss of $178 million or $0.94 per diluted share a year ago. The increase in reported consolidated net income in the quarter was primarily due to lower losses and loss adjustment expenses (LAE), lower net losses on the fair value of insured derivatives, higher net gains on the sale of investments and lower operating expenses, partially offset by putback recoveries in consolidated variable interest entities (VIEs) in the second quarter of 2013 that did not recur in the second quarter of 2014. Adjusted pre-tax income was $39 million compared with loss of $160 million a year ago. The improvement was driven primarily by lower losses on insured exposures and decreases in legal and litigation related operating expenses. Consolidated operating cash flow for the quarter was $28 million. For the six months, the company's total revenues were $764 million compared with $331 million a year ago. Income before income taxes was $459 million compared with loss of $49 million a year ago. Net income was $376 million or $1.83 per diluted share compared with net loss of $14 million or $0.07 per diluted share a year ago. Adjusted pre-tax loss was $60 million compared with $180 million a year ago. The reduction was primarily due to a decrease in losses and LAE on insured exposures and lower legal and litigation-related operating expenses. As on June 30, 2014, the company's book value per share was $19.48 and adjusted book value per share was $27.05. Net debt position as of June 30, 2014, was $1 billion, down from $1.1 billion at year-end 2013. The company announced impairments on insured credit derivatives of $41 million for the second quarter ended June 30, 2014.

MBIA Inc. to Report Q2, 2014 Results on Aug 06, 2014

MBIA Inc. announced that they will report Q2, 2014 results on Aug 06, 2014

MBIA Inc., Q2 2014 Earnings Call, Aug 07, 2014

MBIA Inc., Q2 2014 Earnings Call, Aug 07, 2014

 

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Industry Analysis

MBJ

Industry Average

Valuation MBJ Industry Range
Price/Earnings 2.9x
Price/Sales 1.1x
Price/Book 0.5x
Price/Cash Flow 2.9x
TEV/Sales NM Not Meaningful
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