Orlando, FL -- (SBWIRE) -- 10/08/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On National Bank of Greece (ADR)(NYSE:NBG), BlackBerry Ltd (NASDAQ:BBRY).
National Bank of Greece (ADR)(NYSE:NBG) shares gained 16.12% to $5.33 on no official news. 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.
Are investors worried about the recent updates with NBG? Find out with a free trend analysis HERE
BlackBerry Ltd (NASDAQ:BBRY) shares increased 3.64% to $7.97. BlackBerry (BB) Ltd. and two executives on Oct. 5 were sued by an investor who alleges they artificially inflated the company’s stock through false and misleading statements about the smartphone maker’s success and prospects.
Additionally, the company on Oct. 2 says the cost of reworking its operations will likely be four times as much as it estimated earlier this year and may turn out to be even be higher than that. According to financial report documents filed with regulators Tuesdayevening, the smartphone maker expects to book US$400-million in charges from a variety of factors before the end of May 2014.
Is BBRY going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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