Assured Guaranty EPS May Fall Over 60 Percent on Detroit Bankruptcy

Mani

Published onJuly 23, 2013

Updated on May 13, 2021

UBS research team has trimmed the second-quarter operating EPS estimates for Assured Guaranty Ltd. (NYSE:AGO) from $0.67 to $0.25 for its exposure to Detroit. That is a whopping 60 percent cut for the insurance giant.

Table of Contents

Brian Meredith and Marie Lunackova of UBS Investment Research in their report, however, maintained their buy rating on Assured Guaranty.

Assured Guaranty is a bond insurer which covers debt obligations, including variable-interest entities, which enables firms to keep certain...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Assured Guaranty EPS May Fall Over 60 Percent on Detroit Bankruptcy

Login required to continue reading.

Get Your Business News