Last €7.72 EUR
Change Today +0.352 / 4.78%
Volume 0.0
MBJ On Other Exchanges
Symbol
Exchange
New York
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As of 3:15 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

mbia inc (MBJ) Snapshot

Open
€7.51
Previous Close
€7.37
Day High
€7.77
Day Low
€7.40
52 Week High
03/6/14 - €10.84
52 Week Low
10/15/14 - €6.61
Market Cap
1.5B
Average Volume 10 Days
244.5
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 Portfolio Officer and Executive Vice Pr...
Total Annual Compensation: $500.0K
Chief Legal Officer, Executive Vice President...
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 Third Quarter and Nine Months Ended September 30, 2014

MBIA Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's total revenues were $291 million compared with $420 million a year ago. Income before income taxes was $148 million compared with $171 million a year ago. Net income was $173 million or $0.80 per diluted share compared with net income of $132 million or $0.52 per diluted share a year ago. Adjusted pre-tax income was $95 million compared with loss of $188 million a year ago. The increase in reported consolidated net income in the third quarter of 2014 was primarily due to lower losses and loss adjustment expenses (LAE), a decrease in reserves for uncertain tax positions, increases in other net realized gains, an increase in net gains on financial instruments at fair value and foreign exchange and lower operating expenses, partially offset by lower unrealized gains on insured derivatives. Consolidated operating cash flow was $46 million in this quarter, which was aided by the E&O settlement and the fees associated with policy terminations in addition to the cash inflows on insured second-lien RMBS. This reflects a sequential increase from $28 million in the second quarter of this year. For the nine months, the company's total revenues were $1,055 million compared with $751 million a year ago. Income before income taxes was $607 million compared with $122 million a year ago. Net income was $549 million or $2.62 per diluted share compared with net income of $118 million or $0.57 per diluted share a year ago. Adjusted pre-tax loss was $34 million compared with loss of $368 million a year ago. As on September 30, 2014, the company's book value per share was $20. Net debt service outstanding as of September 30, 2014, was $375.637 million. The improvement in adjusted pre-tax income for the nine months ended September 30, 2014 was primarily due to a decrease in losses and LAE on insured exposures and lower legal and litigation-related operating expenses. Adjusted book value per share was $27.39.

MBIA Inc. to Report Q3, 2014 Results on Nov 05, 2014

MBIA Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 05, 2014

MBIA Inc., Q3 2014 Earnings Call, Nov 06, 2014

MBIA Inc., Q3 2014 Earnings Call, Nov 06, 2014

 

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Industry Analysis

MBJ

Industry Average

Valuation MBJ Industry Range
Price/Earnings 2.8x
Price/Sales 1.2x
Price/Book 0.5x
Price/Cash Flow 2.7x
TEV/Sales NM Not Meaningful
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