Kolkata, West Bengal -- (SBWIRE) -- 09/13/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Xerox Corporation (NYSE:XRX), U.S. Bancorp (NYSE:USB), National Bank of Greece (ADR)(NYSE:NBG).
Xerox Corporation (NYSE:XRX) shares dropped 1.46% to $10.14. To help insurers process complex pharmacy claims that vary by state and insurer, Xerox on Sept. 11 said it has launched a pharmacy benefits management (PBM) program with Cypress Care, a division of Healthcare Solutions, Inc. A pilot of the program reduced the average pharmacy spend for the insurer per claim by 33 percent and increased the number of pharmacy bills entering the specialized PBM program by 49 percent.
Additionally, The company on Sept. 3 said it has processed and disbursed more than $1.7 billion in federal incentives to healthcare providers who use electronic health records. Providers apply for the incentives using a secure, web-based tool from Xerox to show that they have implemented and used EHRs under federal guidelines.
Should Investors Buy XRX After Yesterday’s Jump? Find Out Here
U.S. Bancorp (NYSE:USB) shares jumped 0.52% to $36.87. The company, on Sept. 12, said it expects its mortgage revenue to drop 20 percent in the third quarter from the second period amid a decline in mortgage applications and mortgage production, Chief Financial Officer Andrew Cecere said. Mortgage applications will probably decline 40 percent in the three months ending Sept. 30 from the previous quarter, and and mortgage production will drop 20 percent, Cecere said at the Minneapolis-based bank’s investor day conference in New York. The company’s second-quarter mortgage-banking revenue was $396 million.
How Should Investors Trade USB After The Recent Volatility? Get Free Trend Analysis Here
National Bank of Greece (ADR)(NYSE:NBG) shares declined 1.64% to $4.19. The company on August 29 said that a strong performance by its Turkish subsidiary helped boost first-half profits to 344 million euros ($455 million), after deep losses a year ago. The company said its Turkish Finansbank unit recorded a 30% increase in first-half profits to 332 million euros.
The bank also said its overall provisions for bad loans fell from 1.2 billion euros a year ago to 853 million in January-June. In the first half of 2012, NBG recorded losses of 1.9 billion euros.
Is NBG A Good Buy After The Recent Price Movement? Find Out Here
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