iStockAnalyst logo iStockAnalyst 3 weeks ago

Counterintuitive Accounting: Ambac Edition

Ambac Financial Group reported a $2.19 billion quarterly profit Wednesday as the company got a big accounting boost from deterioration in the perceived creditworthiness of its main bond insurance unit. Full Article at iStockAnalyst

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  1. Yes, both the latest quarter and the year-ago results were heavily impacted by changes in the value of the company's credit derivatives portfolio, but the gain this year and the charge last year aren't really representative of two sides of the... Full Article at The Street

  2. Battered bond insurer Ambac Financial Group (ABK) bounced big on Wednesday, fueled by a huge rebound in revenue from credit derivative swaps -- the same instruments that nearly destroyed the company eight months ago. Full Article at Smartmoney.com

  3. SAN FRANCISCO (MarketWatch) -- Ambac Financial Group reported a $2.19 billion quarterly profit Wednesday as the company got a big accounting boost from the deterioration in the perceived creditworthiness of its main bond insurance unit. Full Article at MarketWatch

  4. Ambac Financial Group, Inc. (ABK) increased 38 cents (34.23%) at midday. Full Article at TransWorldNews

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