Biggest Financial Stocks Losers are NYSE: MBI, ABK, EPR

Penny Stock Pick Report alerts investors on Top Stocks that would help investors to generate higher than average returns. Subscribe to FREE Stock Alerts by visiting: http://www.pennystockpickreport.com/

MBIA Inc. (NYSE:MBI) decreases 13.75% to $4.14 after the company posted a third quarter loss to common shareholders of $727.8 million or $3.50 per share, compared to a loss of $806.5 million or $3.42 per share in the previous year period. The company said the net loss in the third quarter of 2009 was driven by an $810.2 million pre-tax unrealized loss on insured credit derivatives, $238.8 million in pre-tax loss and loss adjustment expenses primarily related to the company's insured exposures to second-lien mortgage loan securitizations, and $171.4 million in pre-tax realized losses and other-than-temporary impairments on investments.

Ambac Financial Group, Inc. (NYSE:ABK) decreases 11.86% to $1.04 after the company reported Q3 EPS of $7.58, versus a loss of $8.45 last year. The third quarter 2009 results reflect significant unrealized mark-to-market gains in the credit derivatives portfolio and gains resulting from reinsurance cancellations during the quarter. Net change in fair value of credit derivatives amounted to positive $2,132.9 million. Net loss and loss expenses incurred amounted to $459.2 million for the quarter, relating to other asset-backed securities transactions and a municipal transportation credit.

Entertainment Properties Trust (NYSE:EPR) decreases 6.71% to $31.40 after the company announced that it has priced a public offering of 5,500,000 newly issued common shares. The Company also granted the underwriters an over-allotment option to purchase an additional 825,000 common shares. The offering is expected to close on November 16, 2009. The net proceeds from the offering are expected to be used for general business purposes, which may include funding the acquisition, development or financing of properties or the repayment of debt.

ABOUT PennyStockPickReport.com

 Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please do your research before you plan to invest in any of the stocks mentioned above.