Orlando, FL -- (SBWIRE) -- 09/03/2013 -- 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), Key Energy Services, Inc. (NYSE:KEG).
National Bank of Greece (ADR)(NYSE:NBG) shares declined 4.30% to $4.01. 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.
Additionally, the company on June 14 said it had raised enough money from private investors in a share offering to ensure it avoids state control. NBG is the second major Greek lender to successfully recapitalise without falling under the full control of the Hellenic Financial Stability Fund (HFSF), a vehicle to rescue Greek banks under an EU/IMF bailout plan.
Are investors worried about the recent updates with NBG? Find out with a free trend analysis HERE
Key Energy Services, Inc. (NYSE:KEG) shares fell 4.03% to $6.67. Equities researchers at Howard Weil dropped their price target on shares of KEG from $11.00 to $10.00 in a research report issued on August 29. The firm currently has a “sector perform” rating on the stock.
Additionally, the company issued its quarterly earnings data on July 25. The company reported $0.01 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.01. The company had revenue of $411.40 million for the quarter, compared to the consensus estimate of $421.24 million.
Is KEG going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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