AMBC News

David Herzog joined DXC in 2017, when the company formed from a spin-off of Hewlett-Packard’s enterprise services business and a merger with Computer Sciences Corp.

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company whose subsidiaries include Ambac Assurance Corporation ("AAC") and Ambac Assurance UK Limited ("Ambac UK"), guarantors of financial obligations in run-off , today reported a Net Loss attributable to common stockholders of $110 million or a net loss of $2.40 per diluted share and an Adjusted Loss(1) of $88 million or a net loss of $1.91 per diluted share for the quarter ended December 31, 2019. This compares to Net Income attributable to common stockholders of $66 million or $1.41 per diluted share and Adjusted Earnings of $77 million or $1.63 per diluted share in the third quarter of 2019.

The simplest way to invest in stocks is to buy exchange traded funds. But one can do better than that by picking...

Anyone researching Ambac Financial Group, Inc. (NYSE:AMBC) might want to consider the historical volatility of the...

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a holding company whose subsidiaries provide financial guarantees, announced today its Board of Directors set the date for the 2020 Annual Meeting of Stockholders for Tuesday, June 2, 2020 at 11:00 am (ET). The meeting will be held at One World Trade Center, 64th Floor, New York, NY. The record date for determining stockholders entitled to notice of, and to vote at, the annual meeting will be the close of business on April 7, 2020. Please note that we are monitoring the situation concerning COVID-19 (a/k/a Coronavirus) and, based on the facts and circumstances as we get closer to the meeting date, we may provide for alternate means of participating in the Annual Meeting should in-person attendance become a concern.

It is now my pleasure to introduce your host, Ms. Lisa Kampf, Head of Investor Relations. Good morning and thank you all for joining today's conference call to discuss Ambac Financial Group's first quarter 2020 financial results.

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or "the Company"), a financial services holding company whose subsidiaries include Ambac Assurance Corporation, a guarantor of financial obligations in run-off ("Ambac Assurance"), today announced that Ambac Assurance has filed a complaint in the United States District Court for the District of Puerto Rico against the Financial Oversight & Management Board for Puerto Rico ("the Oversight Board").

We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]

Whilst it may not be a huge deal, we thought it was good to see that the Ambac Financial Group, Inc. (NYSE:AMBC...

NEW YORK, Feb. 10, 2020 -- Financial Guarantors, including Ambac Financial Group, Inc. (NYSE: AMBC), Assured Guaranty Municipal Corp. and Assured Guaranty Corp., subsidiaries.

Q4 2019 Ambac Financial Group Inc Earnings Call

Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corporation, a guarantor of financial obligations in run-off, today announced that it will release first quarter 2020 results on May 11, 2020 following the close of the market.

In 2017 Claude LeBlanc was appointed CEO of Ambac Financial Group, Inc. (NASDAQ:AMBC). This report will, first...

NEW YORK, Jan. 22, 2020 -- Ambac Financial Group, Inc. (Nasdaq: AMBC) ("Ambac"), a financial services holding company whose subsidiary includes Ambac Assurance Corporation.

Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac" or the "Company"), a financial services holding company whose subsidiaries include Ambac Assurance Corporation, a guarantor of financial obligations in run-off, announced today that it will host the Company’s 2020 annual meeting of stockholders virtually due to public health concerns resulting from the coronavirus (COVID-19) outbreak, and government-recommended and required limits on public gatherings. Holding the meeting online will also protect the health and safety of the Company’s stockholders, directors and employees.

NEW YORK, Feb. 07, 2020 -- Ambac Financial Group, Inc. (NYSE: AMBC), a financial services holding company whose subsidiaries include Ambac Assurance Corporation, a financial.

Q3 2019 Ambac Financial Group Inc Earnings Call

Ambac Financial Group, Inc. (NYSE:AMBC) ("Ambac"), a financial services holding company whose subsidiaries include Ambac Assurance Corporation ("AAC") and Ambac Assurance UK Limited ("Ambac UK"), guarantors of financial obligations in run-off, today reported a Net Loss attributable to common stockholders of $280 million or $6.07 per diluted share and an Adjusted Loss(1) of $265 million or $5.75 per diluted share for the quarter ended March 31, 2020. This compares to a Net Loss attributable to common stockholders of $110 million or $2.40 per diluted share and an Adjusted Loss of $88 million or $1.91 per diluted share in the fourth quarter of 2019.

Net Income of $66.1 million or $1.41 per diluted share for the Quarter Ended September 30, 2019 and an increase in Book Value per Share of $1.66 to $34.44 at September 30, 2019.

We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]