Ambac (AMBC) Misses Q2 EPS by 16c
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Ambac Reports Second Quarter 2020 Results
August 6, 2020 4:07 PM EDTNEW YORK--(BUSINESS WIRE)-- Ambac Financial Group, Inc. (NYSE: AMBC) ("Ambac"), a financial services holding company whose subsidiaries include run-off financial guarantee businesses, Ambac Assurance Corporation ("AAC") and Ambac Assurance UK Limited ("Ambac UK"), today reported a Net Loss attributable to common stockholders of $35 million or $0.77 per diluted share and an Adjusted Loss(1) of $24 million or $0.52 per diluted share for the quarter ended June 30, 2020. This compares to a Net Loss attributable to common stockholders of $280 million or $6.07 per diluted share and an Adjusted Loss of $265 million or $5.75 per diluted share in the... More
