Orlando, FL -- (SBWIRE) -- 09/06/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On MBIA Inc. (NYSE:MBI), American Capital Agency Corp. (NASDAQ:AGNC).
MBIA Inc. (NYSE:MBI) shares fell 2.55% and closed at $12.22.
Additionally, the company on August 7 reported Adjusted Book Value (ABV) per share (a non-GAAP measure defined in the attached Explanation of Non-GAAP Financial Measures) of $29.28 per share at June 30, 2013 compared with $30.68 per share at December 31, 2012. Book Value (BV) per share was $15.63 as of June 30, 2013, compared to $16.22 as of December 31, 2012.
The Company recorded a net loss of $178 million, or $0.92 per diluted share, for the second quarter of 2013 compared with net income of $581 million, or $2.98 per diluted share, for the second quarter of 2012. Consolidated total revenues for the three months ended June 30, 2013 included $182 million of net losses on the fair value of insured derivatives compared with $775 million of net gains for the same period of 2012.
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American Capital Agency Corp. (NASDAQ:AGNC) shares dropped 2.37% to $22.26. The company on July 29 reported second-quarter net income to shareholders of $1.83 billion or $4.61 per share, compared to a loss of $264 million or $0.88 per share, prior year. Estimated REIT taxable income per common share was $1.04 for the quarter. Comprehensive loss to shareholders for the second quarter of 2013 was $939 million, or $2.37 per common share. Net interest income increased to $414 million, from $384 million last year.
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