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AMBAC Financial Group Inc. - AMBC STOCK NEWS

Welcome to our dedicated news page for AMBAC Financial Group (Ticker: AMBC), a resource for investors and traders seeking the latest updates and insights on AMBAC Financial Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect AMBAC Financial Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of AMBAC Financial Group's position in the market.

Rhea-AI Summary
Ambac Financial Group, Inc. (AMBC) announced its 2024 Annual Meeting of Stockholders to be held virtually on June 5, 2024, with a record date set for April 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.88%
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none
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Rhea-AI Summary
Ambac Financial Group, Inc. reports mixed financial results for Q4 2023 with a net loss of $(16) million but improved performance in its Specialty P&C Insurance segment. The company's Legacy Financial Guarantee segment faced challenges. Despite revenue growth and positive net income in certain segments, there are concerns about overall profitability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.42%
Tags
earnings
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Rhea-AI Summary
Ambac Financial Group, Inc. (AMBC) will release its fourth quarter 2023 results on February 27, 2024, followed by a conference call on February 28, 2024. The call will feature Claude LeBlanc, President, and CEO, and David Trick, EVP, and CFO, discussing the results. Participants can join via webcast or telephone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
earnings
News
Rhea-AI Summary
Ambac Financial Group, Inc. (NYSE: AMBC) reported a net income of $66 million or $1.41 per diluted share and adjusted net income of $94 million or $2.00 per diluted share for the third quarter of 2023. Everspan wrote gross premiums of $77 million, up 160% from the third quarter of 2022, and produced its first quarterly pre-tax profit. Cirrata premiums placed were $62 million, up 119% from the third quarter of 2022. Book value per share was up 1% to $28.00, and adjusted book value per share was up 3% to $27.90 from June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.37%
Tags
earnings
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Rhea-AI Summary
Ambac Financial Group, Inc. will release its third quarter 2023 results on November 7, 2023, followed by a conference call on November 8, 2023, to discuss the results. The call will be led by the President and CEO, Claude LeBlanc, and the CFO, David Trick.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
Tags
earnings
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.86%
Tags
earnings
Rhea-AI Summary
Ambac Financial Group, Inc. (NYSE: AMBC) has acquired a majority stake in Riverton Insurance Agency Corp., a New Jersey-based insurance services business. Riverton's MGA, Professionals’ Best, offers professional liability insurance programs to licensed architects, engineers, construction managers, and real estate professionals. The deal aims to enhance Ambac's property and casualty insurance distribution platform, Cirrata Group.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.78%
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acquisition
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.39%
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earnings
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Rhea-AI Sentiment
End-of-Day
-1.85%
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management
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Rhea-AI Sentiment
End-of-Day
0.07%
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conferences
AMBAC Financial Group Inc.

NYSE:AMBC

AMBC Rankings

AMBC Stock Data

685.61M
44.06M
2.71%
86.79%
3.81%
Direct Property and Casualty Insurance Carriers
Finance and Insurance
Link
US
New York

About AMBC

ambac financial group, inc. (“ambac”), headquartered in new york city, is a holding company whose subsidiaries, including its principal operating subsidiary, ambac assurance corporation (“ambac assurance”), everspan financial guarantee corporation, and ambac assurance uk limited, provided financial guarantees and other financial services to clients in both the public and private sectors globally. ambac assurance, including the segregated account of ambac assurance (in rehabilitation), is a guarantor of public finance and structured finance obligations. ambac is also exploring opportunities involving the development or acquisition of new financial services businesses. ambac’s common stock trades on the nasdaq global select market (nasdaq: ambc)