NYSE:AGOInsurance
Assured Guaranty (AGO) Stock Price Sinks As EPS Miss Clouds Core Strength
Assured Guaranty stock just absorbed a sharp reality check. Shares dropped about 9% to roughly US$75, even though the company reported Q2 adjusted operating income of US$55 million, or US$1.23 per share, and highlighted record per share equity metrics. The hit came as investors weighed those solid insurance earnings against softer headline earnings per share of US$0.88 and the reminder that recent results included a large one off gain.
For a stock long viewed as a capital return and book...