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Piper Jaffray has published a research report on financial institutions.
In the report, Piper Jaffray writes "Looking ahead to 3Q10 earnings for the mortgage insurance and financial guaranty space, we expect results to be much improved relative to those of the past couple of years. More specifically, the key driver continues to be improving credit trends. In a mild surprise, results throughout the third quarter indicated improving delinquency trends relative to historical results, which leads us to conclude third quarter earnings likely show modest levels of favorable reserve development. Meanwhile, revenues, for the most part, remain predictable given the in-force books, unearned premium schedules and origination volumes of mortgages and municipal bonds."
Companies related to this report include:
Assured Guaranty
AGO $18.49
MGIC Investment Corp.
MTG $9.87
Radian Group
RDN $8.42
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