MBIA Jumps More Than 7% (MBI)

Shares of MBIA Inc.

continue their impressive run, gaining more than 7.5% today on strong volume. MBIA has been at the center of the recent "foreclosure-gate" scandal, and is proving to be a beneficiary, as foreclosures have been stopped by the majority of the major banks as they reevaluate their foreclosure procedures. MBIA provides financial guarantee insurance and related reinsurance, advisory, and portfolio services, as well as investment management services. Shares are up $0.82, to $12.01.