Assured Guaranty (AGO) is soaring after beating Q3 profits by a wide margin. Even though losses on mortgage-backed securities continued to rise, the company saw a jump in municipal bond underwriting. Shares rose $4.69, almost 22%, to $25.90, after the company reported Q3 revenue soared 161% to $386 million, ahead of the $338 million analysts were expecting, yielding operating profit per share of 44 cents, ahead of the 31-cent average estimate. JP Morgan (JPM) analyst Andrew Wessel raised his target on the stock to $42 from $28.
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