National Bank of Greece (NYSE: NBG) is somehow managing to avoid what the headline news would dictate right now. The NBG stock (an ADR) has been under fire from the markets for longer than most care to remember. It is the sole Greek bank with a New York equity listing on a primary stock exchange. Shares are up 3.5% in the MOnday pre-market session with shares up around $2.63 after a $2.54 close on Friday and against a 52-week range of $1.64 to $11.85. The move is on the heels of news that Greece has not reached a debt agreement yet and the risk is that a deal is not going to be reached. It would put Greece in “default” most likely if no deal is reached.
National Bank of Greece Move Ignores Greek-Euro Risks (NBG)
By
Jon C. Ogg
Published
About the Author
Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
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