U.S.-listed shares of National Bank of Greece (ADR) (NYSE:NBG) slumped 15%. The bank is expected to decide soon on whether it will recapitalize via offering equity, according to media reports. It may need to raise as much as 2.1 billion euros ($2.9 billion), Bloomberg News said. National Bank of Greece (ADR) (NYSE:NBG) stock performance was…
Bank of America Corporation (NYSE:BAC) may be considered the poster child for stocks whose valuations are based on earnings and earnings growth. Bank of America Corporation (NYSE:BAC)’s has recovered from the financial crisis and will soon have greater flexibility to implement shareholder-friendly policies. Its dividend is expected to grow considerably over the next few years….
Citigroup Inc (NYSE:C) was downgraded by Societe Generale from a “buy” rating to a “hold” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. Citigroup Inc (NYSE:C) stock performance was 0.42% in last session and finished the day at $47.80. Traded volume was 26.81million shares in the last session and the average volume of…
Deutsche Bank initiates coverage of National Bank of Greece (ADR) (NYSE:NBG) and of Alpha Bank in a report dated March 10, saying that the target prices also reflect its assumption that 25% of delinquent loans could become performing over time. National Bank of Greece (ADR) (NYSE:NBG) stock performance was 12.66% in last session and finished…
Shares of National Bank of Greece (NYSE:NBG) are up nearly 10% Monday following Deutsche Bank’s new coverage of the stock at a Buy rating and EUR4.50 price target (approx $6.25 based on Monday’s exchange rate). The rating results from Deutsche Bank’s forecast for a strong recovery in fundamentals for the Greek banking sector. In addition,…
