MBIA (MBI) Reports Q3 EPS of $0.04
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MBIA Inc. Reports Third Quarter 2016 Financial Results
November 8, 2016 4:15 PM ESTPURCHASE, N.Y.--(BUSINESS WIRE)-- MBIA Inc. (NYSE: MBI) (the Company) today reported consolidated GAAP net income of $31 million, or $0.23 per diluted share, for the third quarter of 2016 compared with a consolidated net loss of $35 million, or $(0.23) per diluted share, for the third quarter of 2015. The $66 million favorable change in the financial result versus the year-ago quarter was primarily due to a favorable variance in the fair value of interest rate swaps and net gains on the sale of investments.
Book value per share was $26.95 as of September 30, 2016 compared with $24.61 as... More
