National Bank of Greece SA (NBG) was a big mover last session, as the company saw its shares surged more than 16% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. This continues the recent uptrend for this foreign bank as the stock was up over 33% in the past one month time frame.
The company has seen 1 negative estimate revision in the past few weeks and its earnings consensus has moved lower over the past two months, suggesting there may be trouble down the road for NBG. So make sure to keep an eye on this stock going forward to see if this recent rally can last.
National Bank of Greece currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
Some better foreign banks include Credit Suisse Group AG (CS), Deutsche Bank AG (DB) and Banco Bilbao Vizcaya Argentaria, S.A. (BBVA). All these carry a Zacks Rank #1 (Strong Buy).
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