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National Bank of Greece (ADR)

  • Are These Impressive Comeback Stocks A Buy?

    By Brian Nichols - May 21, 2013 | Tickers: GREK, NBG, YRCW

    In this article I am looking at a unique duo of stocks, those that are trading with mindboggling multi-year losses but have shown recent strength to produce great short-term returns. The goal is to look at each without bias, and determine if there is any value to these recent breakouts.

    The Little Engine that Could

    After YRC Worldwide (NASDAQ: YRCW)  posted its Q1 earnings, resulting in its stock doubling, I more »

  • Controversial Stocks Trade Higher: Buy, Hold, or Sell?

    By Brian Nichols - May 14, 2013 | Tickers: AMD, NBG, TZOO

    For the past month, as the markets have created new all-time highs, there have been numerous stocks to rally under the radar. What might have been top-market news in years past has gone unnoticed, and as a result, I am looking at three stocks that have exploded higher to determine the reason and whether or not each is a buy, hold, or sell!

    Waiting for a Pullback in this Fast-Moving more »

  • A Tour of Countries: Greece

    By Alexander MacLennan - April 22, 2013 | Tickers: DRYS, NBG, NBG-A

    In a quest to more fully understand the global investment market we now live in, I am writing a series of articles with each one highlighting investment opportunities and considerations in various countries. Here, we will look at Greece. When most people think of Greece they think of the debt crisis and continued economic recession. While it is pretty clear that Greece is not earning big returns for investors now more »

  • A Tour Of Countries: Greece

    By Alexander MacLennan - April 17, 2013 | Tickers: DRYS, NBG, NBG-A

    In a quest to more fully understand the global investment market we now live in, I am writing a series of articles with each one highlighting investment opportunities and considerations in various countries. Here, we will look at Greece. When most people think of Greece they think of the debt crisis and continued economic recession. While it is pretty clear that Greece is not earning big returns for investors now more »

  • Beware These European Banks

    By Federico Zaldua - April 6, 2013 | Tickers: NBG

    For deposits in Cyrpus larger than 100,000 euros, one euro in the bank is not worth one euro in hand anymore. Brussels and Cyprus authorities have finally arrived at what seems to be a definitive bailout deal, and big deposits are going to be axed. I believe the same fate might be suffered by investors who hold their deposits in insolvent banks within the euro periphery.

    Let's first more »

  • Baware This European Banks

    By Federico Zaldua - April 4, 2013 | Tickers: NBG

    In Cyprus, for deposits larger than 100,000 euros, one euro in the bank is not worth one euro in hand anymore. Brussels and Cyprus's authorities have finally arrived at what seems to be a definitive bailout deal and big deposits are going to be axed.I believe the same fate might be suffered to investors who hold their deposits in insolvent banks within the euro periphery.

    Let's more »

  • Gavyn Davies Might Be Wrong About Europe

    By Federico Zaldua - March 28, 2013 | Tickers: SAN, NBG

    According to Gavyn Davies' Sunday Article in the Financial Times (FT), “Cyprus is certainly at the extreme end, but an over-leveraged banking system, with insufficient capital and reliance on foreign funding, is familiar territory in the Euro-zone. Cyprus is therefore, in some respects, a microcosm of the entire Euro-zone crisis, if a microcosm on steroids(...).”

    I respect Mr. Davies a lot; after all, he is a well-known macroeconomist who is more »

  • Time to buy a home safe

    By Christopher Sinnott - March 19, 2013 | Tickers: BAC, C, JPM, NBG, RTN, BA

    Cyprus parliament this week rejected an unprecedented proposed tax on Cypriot bank accounts to pay for it's near 6 billion euro shortfall. I am glad the Cypriots citizens, as well as foreign investors, mainly Russians did not have their money pillaged.  However, what happens now?  Does Cyprus default on it's debt, resulting in the Germans losing 1 trillion dollars for their economy.  Is Italy, Ireland, Portugal, or Greece more »

  • Healing Transactions At Troubled European Banks

    By Reuben Brewer - March 18, 2013 | Tickers: SAN, NBG, UNCFF

    National Bank of Greece (NYSE: NBG) is set to buy Eurobank (NASDAQOTH: EGFEY). The move will make National Bank the largest player in that troubled nation. Being the big guy in a bad market may not sound like a great thing, but it is a step in the right direction for the region's banking industry.

    The Epicenter

    Greece was pretty much the epicenter of the financial earthquake that rocked more »

  • Europe's Mess Isn't Over, Here Are Some Risky Bank Plays

    By Reuben Brewer - February 11, 2013 | Tickers: BBVA, SAN, IITSF, NBG, UNCFF

    With an ebb in the flow of bad news out of Europe, some commentators and market watchers are calling an end to the continent's woes. It's probably way too soon for that. Either way, however, aggressive investors still have time to get aboard some high-risk turnaround plays.

  • Investing in Troubled Countries

    By Reuben Brewer - December 26, 2012 | Tickers: SAN, E, NBG, TOT

    Most of Europe is a mess. The risks associated with investing in companies hailing from the “old world” are high. However, there could also be material profits to be made for those with strong stomachs. A few higher risk ideas for investing in the troubled region are the National Bank of Greece (NYSE: NBG) and Groupo Santander (NYSE: SAN), while some lower risk options include ENI Spa (NYSE: E) and Total SA (NYSE: TOT).

  • Three Ways To Play A Euro Break Up

    By Federico Zaldua - December 3, 2012 | Tickers: GREK, GOFPY.PK, GGAL, NBG

    Greece is currently going through a crisis that is producing a deep depression: unemployment is at 25%, GDP contracted by 6% in 2012, and debt to GDP stands at 170%. The natural way out of this kind of crisis is a nominal currency depreciation. Being in the Eurozone, Greece can not manage its own monetary policy, and thus it can not depreciate unless the country drops the Euro. Today a more »

  • What if Greece Exits the Euro?

    By Federico Zaldua - November 22, 2012 | Tickers: GREK, GOFPY.PK, GGAL, NBG

    Greece is going through the typical current account crisis that used to be usual in Emerging Markets (EM) when they pegged their currencies to foreign ones. When you peg your currency, you lose monetary policy control and the ability to gain competitiveness through nominal depreciation. As a result, from time to time, you get an ugly recession going. To be exact, Greece is not going through a common recession more »

  • Argentina & Greece: Time to Put Your Eggs in Two Basket Cases? (part 2)

    By Nick Slepko - November 11, 2012 | Tickers: OCCH, GREK, GOFPY.PK, HLTOY.PK, NBG

    Bruno del Ama, CEO of Global X Funds, discusses the logic behind his firm’s recent decision to offer ETFs for Argentina and Greece. 

    [continued from part 1]

    Bruno del Ama:  By launching the [Global X FTSE Greece 20 ETF (NYSEMKT: GREK)], we knew we would be taking an enormous reputational risk, and be clobbered by the press, who would be asking, “What in the world are these guys doing more »

  • Stock Wars: The Troika Strikes Back

    By Alexander MacLennan - September 14, 2012 | Tickers: DRYS, NBG, NBG-A

    In a period of austerity, the government of Greece struggles to revive their economy and return to the growth needed to solve their financial issues. Years of overspending, tax evasion, and an overly receptive bond market, have left the Balkan nation with a sovereign debt it cannot repay on its own.

    With the help of the healthy nations of the Eurozone, Greece has not outright defaulted. But the demands of more »

  • Prefer Distressed Stocks? Then Buy Distressed Preferred Stocks

    By Alexander MacLennan - August 24, 2012 | Tickers: C, NBG, NBG-A

    When companies encounter tough times their shareholders suffer as earnings decrease, growth estimates are cut, and financial difficulties threaten to drag the entire company under. However, it is companies like this that often end up becoming the greatest turnaround stories. Skilled, diligent, or just plain lucky investors can more than double their money.

    But investing in a turnaround is not easy. Many more investors get burned as their companies fail more »

  • Give Your Portfolio the Luck of the Irish

    By Alexander MacLennan - August 23, 2012 | Tickers: IRE, NBG

    Right now the Eurozone is a source of fear for many investors with the constant news of economic armageddon (or in Greece's case Drachmageddon) coming from analysts who fear everything from a Greek default to a worldwide economic depression. They reason Greece's problems will drag the rest of the unstable economies in the Eurozone is that they are teetering on the brink of collapse.

    Already unemployment is topping more »

  • Spotlight on a Tax Haven: Switzerland

    By Alexander MacLennan - August 22, 2012 | Tickers: IRE, CS, NBG, UBS

    What do owners of mass sums of money and movie character Gordon Gekko have in common? They both use Swiss bank accounts to protect their enormous wealth and keep it secret from the public. In the second Wall Street movie, Gekko reveals that he has a $100 million trust set up in Switzerland. While this is just a part of a movie, we may never know just how close to more »

  • Value Investing at...the Olympics?

    By John Bromels - August 6, 2012 | Tickers: AONEQ, AFL, AAPL, CMG, KO, DAR, XOM, NBG, SBUX

    Like David Gardner, I'm a fan of games of all kinds.  And so, every two years, I run a Fantasy Olympics pool at work.  Each player picks five countries, which are handicapped based on their performance at the previous (summer or winter) Games.  Best performance wins.  As I was contemplating my team for this year's Summer games, I was struck with how much it reminded me of stock-picking more »

  • UBS is a Mess

    By Eric Volkman - February 7, 2012 | Tickers: SAN, DB, NBG, UBS

    Swiss financial giant UBS (NYSE: UBS) has posted awful results "thanks" to a terrible double whammy that sideswiped its financials. Operating in the midst of Europe's continent-wide financial crisis dragged heavily on its revenue and profitability, but a "rogue" trader scandal also hit the bank hard.

    Last year Kweku Adoboli, a trader on UBS' equity derivatives desk, made one or a series - the details are still fuzzy - of disastrous more »