Greek bank stocks are a shadow of their former selves in U.S. trading. Alpha Bank (ALBKY) shares were up 22% today, or 1 penny, to 3 cents, while Eurobank Ergasias (EGFEY) was up 18%, in a fractional move to one penny. Alpha and Eurobank also have conducted international institutional offerings. Piraeus Bank (BPIRY) was up 51%, or 1 penny, to 4 cents in recent trading.
National Bank of Greece (ADR) (NBG) Receives $128 million From ECB In Capital Actions
Published by Ariel M. Scott on November 16, 2015 at 2:55 pm EST
img National Bank of Greece (ADR) (NBG) Receives $128 million From ECB In Capital Actions
Business Finance News talks about the positive news for National Bank of Greece, after a long spell of troubles
National Bank of Greece (NYSE:NBG) announced that European Central Bank's (ECB) Single Supervisory Mechanism (SSM) has approved $128.17 million (#$%$120 million) in capital actions. This will reduce NBG's capital shortfall.
NBG claimed that as a result of this measure, its capital shortage ? now under the baseline scenario of ECB's stress test ? stands at $1.55 billion (#$%$1.45 billion). On the other hand, its shortfall, according to the adverse scenario, is $4.79 billion (#$%$4.48 billion).
Greece?s biggest lender also mentioned that the SSM approved its plan to issue contingent convertible bonds (CoCos), which will later be repaid after its Turkish subsidiary, Finansbank?s sale. The sale will be able to raise enough funds to meet CoCos? requirement, and partially meet the shortfall as well.
NBG lost 20.61% of its stock value last week, and has declined 23% last month. However, on November 13, the stock?s value rose 3.87% in response to the news of European Bank for Reconstruction and Development?s (EBRD) support.
Bitauto (BITA) Tops Q3 EPS by 10c
8:13 AM ET, 11/09/2015 - StreetInsider
Bitauto (NYSE: BITA) reported Q3 EPS of RMB1.81, RMB0.10 better than the analyst estimate of RMB1.71. Revenue for the quarter came in at RMB1.07 billion versus the consensus estimate of RMB1.06 billion.
LINN Energy (LINE) Tops Q3 EPS Views
6:52 AM ET, 11/05/2015 - StreetInsider
LINN Energy (NASDAQ: LINE) reported Q3 adjusted EPS of $0.31, versus the analyst estimate of $0.13. Revenue for the quarter came in at $998 million versus the consensus estimate of $765.14 million.
NOTE: For the third quarter 2015, the Company reported a net loss of approximately $1.6 billion, or $4.47 per unit, which includes non-cash impairment charges of approximately $2.3 billion, or $6.43 per unit, non-cash gains related to changes in fair value of unsettled commodity derivatives of approximately $235 million, or $0.67 per unit, non-cash gains on extinguishment of debt of approximately $198 million, or $0.56 per unit, and gains on sale of assets and other of approximately $167 million, or $0.48 per unit. For the third quarter 2014, the Company reported a net loss of approximately $4 million, or $0.02 per unit, which includes a non-cash impairment charge of approximately $603 million, or $1.83 per unit, and non-cash gains related to changes in fair value of unsettled commodity derivatives of approximately $423 million, or $1.28 per unit. The impairment charges in 2015 were primarily due to lower commodity prices and the Company's estimates of proved reserves. In 2014, the impairment charge was due to the divestiture of certain high valued unproved properties in the Midland Basin.
NO...What it means is the stock is in the bottoming out stage.The bottom is in with this stock, but keep kicking the can it will keep you busy
Groupon (GRPN) Tops Q3 EPS by 3c, Q4 Guidance Misses; Groupon Board Names Rich Williams CEO
4:09 PM ET, 11/03/2015 - StreetInsider
Groupon (NASDAQ: GRPN) reported Q3 EPS of $0.05, $0.03 better than the analyst estimate of $0.02. Revenue for the quarter came in at $713.6 million versus the consensus estimate of $732.74 million.
Groupon sees Q4 2015 EPS of ($0.01)-$0.01, versus the consensus of $0.07. Groupon sees Q4 2015 revenue of $815-865 million, versus the consensus of $956.83 million.
Groupon, Inc. (NASDAQ:GRPN) announced today that its Board of Directors has appointed Rich Williams as Chief Executive Officer and member of the Board of Directors, effective immediately. Williams succeeds Eric Lefkofsky, Groupon s co-founder, who has been Groupon s CEO since August 2013. Lefkofsky will return to the role of Chairman of the Board, also effective immediately.