BNET Industries
MBIA Inc. (MBI) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- ($282.5M)
- Profit
- Dec 31 2007
- ($1.9B)
- Market Cap
- Sep 04 2008
- $4.3B
Latest News and Analysis
Residential Real Estate: How Much More Pain?
David Merkel submits: This piece completes a series that I started RealMoney, and continued at my blog. For those with access to RealMoney, I did an article called The Fundamentals of Market Tops, where I concluded in early 2004 that we weren’t at a top yet. For those without...
Is MBIA Signaling an Insurance Rally?
Ockham Research submits: Okay, we don’t want to get out over our skis, but MBIA MBI has shown some strength recently (up over 100% in the last 13 weeks). Naturally, knowing the history here, one may not be jumping up and down for joy yet (review our comments from...
Is MBIA's Executive Compensation Fair?
Tom Armistead submits: In the MBI forum, CT Programmer recently commented favorably on CEO Brown's performance: "I could kiss Jay Brown. He's doing an incredible job taking a company that everyone said was gone, and building it back up bit by bit." I too think Jay Brown is doing a...
MBIA Jumps After Deal to Reinsure FGIC Bonds
NEW YORK (Reuters) - Shares of MBIA Inc. MBI jumped before the open on Thursday after the bond insurer agreed in a deal to reinsure $184 billion of municipal bonds backed by its rival FGIC Corp. MBIA's stock was up 18 percent at...
MBIA Reinsures $184 Billion from FGIC?s Public Finance Book
Carl Dincesen submits: MBIA MBI announced Wednesday that it has reached an agreement with Muni Bond insurer Financial Guaranty Insurance Company [FGIC] to reinsure $184 billion principal amount of public finance bonds insured by FGIC. The agreement is subject to the approval of the NY State Insurance Department which is...
Best and Worst Performing Stocks of the Current Bear Market
Hickey and Walters Bespoke submit: Since the current bear market began back on October 9th, 2007, the Russell 1,000 is down about 18%. Of the stocks in the index, 8.5% are down more than 50%, while 25% are actually up since then. Below we highlight the 25 best...
Risk/Reward Analysis Makes Financial Insurers a Buy
Castrese Tipaldi submits: In my last article I said that financial insurers could very well be the subject for another piece about financial conundrums. In fact, the conundrum here is very well explained by the unfair behavior of some folks who were shorting those securities, helped by the usual behavior...
Lehman Brothers Take-over: Implications for Financials
Benjamin Mackovak submits: I thought it would be interesting to take a look at what a Lehman LEH take-over would imply for the valuation of financials. I ran a screen for financials with market caps above $900m that trade in the US and trade below current book value. I then...
10 Financial Entities On the Brink
Michael Shedlock submits: Clearly Lehman LEH is on the brink of disaster. On Wednesday, the Financial Times was reporting Lehman’s secret talks to sell 50% stake stall. by Michael Shedlock
Monoline Stock Price Rally Overdone
Research Recap submits: The recent rally in the stock prices of monoline insurers Ambac (NYSE: ABK) and MBIA (NYSE: MBI) is overdone, in CreditSights' view. “While there is no denying there have been several positive developments, we think Ambac and MBIA are still far from back to where...
MBIA?s Dazzling 2Q Results: What I Meant By 'Adjusted Book Value'
Tom Brown submits: A number of readers wrote to ask what the heck I meant, in my rhapsodic reaction to MBIA’s MBI second quarter earnings report, when I referred to MBIA’s “adjusted book value” of $39.63 per share. Here’s a shortish answer: MBIA’s adjusted book value...
Financials and Housing: The Outlook Remains Ugly
Financial stocks crashed in the first half of July and then rallied in the second half. Shorting these stocks had become widespread often paired with going long oil and commodities, resulting in the shorts became very crowded. Thus, in mid-July when the government stepped in to eliminate naked shorting, prevent...
Restoring Credibility to Ambac and MBIA
Tom Armistead submits: Readers are familiar with my opinion on the proper valuation of Ambac ABK and MBIA MBI. GAAP metrics are not useful: the non-GAAP adjusted book value is the proper measure of their worth, and share prices should recover to that level over the next several years. The...
41 Stocks Returning 10% or More Last Week
Trader Mark submits: This week's list of top performers has high exposure to retail and solar; areas we have been moving into the past few weeks with greater weightings.... but more into solar than retail for the fund. This list continues to show us that "beaten down" merchandise from the...
MBIA's Momentous 2Q: Need More Evidence That the Turn Has Arrived?
Tom Brown submits: Is it possible to look at a long-term chart of MBIA MBI these days and not feel a slight twinge of motion sickness? Possible, but not easy: the stock has fallen to single digits lately, from the upper 60s just last October. by Tom Brown
Sector and Stock Performance Since Oil's Peak
Hickey and Walters Bespoke submit: Since oil peaked using closing prices on July 3rd, the commodity is down about 21%. Over the same time period, the average stock in the S&P 500 is up 6.11%. Below we highlight the average performance of stocks in each sector since oil's...
MBIA Turns Thuggish
Felix Salmon submits: When it comes to the monolines, I've had quite a lot of sympathy for MBIA in general and for its CEO Jay Brown in particular. But if he carries on like this, that sympathy won't last long: MBIA Inc. said it may sue Bill Ackman,...
The Emperor (Mr. Ackman) Has No Clothes
Steve Lukather submits: It seems that the market has uncovered some rather large holes in Mr. Ackman's recent pronouncement that the financial guarantors and their policyholders are screwed. It amazes me how simple some of these concepts were and makes me wonder how such and astute money manager could miss...
MBIA 2nd-qtr Profit Rises on Gain
NEW YORK (Reuters) - MBIA Inc MBI posted a quarterly profit of $1.7 billion on Friday due to an accounting change that turned credit problems into a big gain, but the world's largest bond insurer said it is having trouble winning new ...
Earnings: MBIA Completes the Bond-Insurer Trifecta
Todd Sullivan submits: We have Ambac ABK, Assured Guarantee AGO and now MBIA MBI handily beating estimates. MBIA MBI, the holding company for MBIA Insurance Corporation, today reported a net loss of $706.4 million, or $3.37 per share, for the first half of 2008, compared with net...
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- Incorporated: 1986
- CEO: Mr. Joseph W. Brown
MBIA provides financial guarantee insurance and other credit protection, as well as investment management services to public finance and structured finance issuers and investors and capital market participants on a global basis. Co.'s financial guarantee insurance provides an unconditional and irrevocable guarantee of the payment of the principal of, and interest or other amounts owing on, insured obligations when due or, in the event that Co. has the right, at its discretion, to accelerate insured obligations upon default or otherwise, upon such acceleration by Co. In addition, Co. conducts its business through its subsidiaries, MBIA Insurance Corporation and MBIA Asset Management, LLC.
Key Competitors
MBIA Inc. Company Info
Board of Directors
Mr. Joseph W. Brown
Chairman
Mr. Jeffrey W. Yabuki
Mr. Daniel P. Kearney
Lead Director
Mr. David A. Coulter
Dr. Claire L. Gaudiani Ph.D.
Mr. Kewsong Lee
Dr. Laurence H. Meyer
Mr. David M. Moffett
Mr. John A. Rolls
Mr. Richard C. Vaughan
Contact Information
113 King Street
Armonk, NY
914 273-4545
NAICS Code
Reinsurance Carriers: 524130
