TITLE

PMI Beats Target But Gets Mixed Wall St. Reaction

AUTHOR(S)
Bergquist, Erick
PUB. DATE
February 2006
SOURCE
American Banker;2/8/2006, Vol. 171 Issue 26, p16
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents information about the fourth-quarter report of PMI Group Inc. which said its fourth-quarter net income rose 33.8% from a year earlier, to $107.7 million, or $1.11 a share. The earnings, which the mortgage insurer reported, beat the average expectation of analysts by 5 cents a share. Analyst Paul Miller said that PMI had recently been trading "at a lower valuation" than some other mortgage insurers and thought its recent performance might give its stock a kick start.
ACCESSION #
19723929

 

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