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Ambac Financial Group, Inc. (ABK) [hlAlert]

up 152,480.64 %

Ambac Financial Group, Inc. (ABK) rated Underweight by JP Morgan

Posted on: Friday,  Aug 8, 2008  8:25 AM ET by JP Morgan

JP Morgan rated Underweight Ambac Financial Group, Inc. (OTCBB: ABKFQ) on 08/08/2008, when the stock price was $4.73.
Since then, Ambac Financial Group, Inc. has lost 99.93% as of 04/30/2013's recent price of $0.00.
If you would have followed this JP Morgan's recommendation on ABKFQ, you would have gained 152481% of your investment in 1726 days.

Ambac Financial Group, Inc. is a primarily a holding company. The Company, through its subsidiaries, provides financial guarantees and financial services to clients in both the public and private sectors worldwide. Ambac?s activities are divided into two business segments. The Financial Guarantee segment provides financial guarantees (including credit derivatives) for public finance, structured finance and other obligations. The Financial Services segment provided investment agreements, funding conduits, interest rate, total return and currency swaps, principally to clients of the financial guarantee business. During the year ended December 31, 2008, the Company discontinued writing new investment agreements and derivative products in its Financial Services segment. Its existing investment agreement and derivative product portfolios are in active runoff, which may include transaction terminations, settlements, restructuring, transfers and natural attrition as contracts mature.

JPMorgan is a leading financial services firm with one of the largest client franchises in the world. We partner with our clients to offer the most complete and innovative solutions in the industry to help them achieve their goals. For more than 200 years, we have taken a long-term approach to our clients and to the way we conduct business. Our firm has grown considerably in scale and scope, but our commitment to our core principle of doing "only first-class business... in a first-class way" has never been stronger.
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(*) Stock Price at the time of the recommendation.
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