Bank Stocks To Watch: National Bank of Greece (NYSE:NBG), HSBC Holdings plc (NYSE:HSBC), Citigroup (NYSE:C), Bank of America (NYSE:BAC)

Posted by on Apr 17, 2014

Shares of National Bank of Greece (ADR) (NYSE:NBG) continued their downfall through Tuesday as the bank prepares to tap into the capital market to plug its capital deficit. The planned equity offering, however, comes as a surprise given that the bank had initially stated that it would not dilute its shares to address the financial shortfall it faces. Instead, the bank was expected to resort to sale of non-core assets and internal improvement, which meant more aggressive cost cuts. National Bank of Greece (ADR) (NYSE:NBG) shares after opening at $4.26 moved to $4.32 on last trade day and at the end of the day closed at $4.22. Company price to sales ratio in past twelve months was calculated as 1.26 and price to cash ratio as 0.63.National Bank of Greece (ADR) (NYSE:NBG) showed a negative weekly performance of -25.96%.

Investors are seeking more structured notes tied to brokerages and exchanges after China said it will link the Shanghai and Hong Kong bourses, according to HSBC Holdings plc (ADR) (NYSE:HSBC) , the biggest foreign bank in China. HSBC Holdings plc (ADR) (NYSE:HSBC) shares fell -0.06% in last trading session and ended the day on $51.96. HSBC return on equity ratio is recorded as 14.20% and its return on assets is 0.90%. HSBC Holdings plc (ADR) (NYSE:HSBC) yearly performance is 6.04%.

Sanford C. Bernstein upgraded shares of Citigroup (NYSE:C) from a market perform rating to an outperform rating in a report issued on Tuesday, TheFlyOnTheWall.com reports. They currently have $57.00 target price on the stock, up from their previous target price of $52.00. Citigroup Inc (NYSE:C) shares moved down -0.27% in last trading session and was closed at $48.18, while trading in range of $ 47.58 – 48.62. Citigroup Inc (NYSE:C) year to date (YTD) performance is -7.52%.

Stock analysts at Jefferies Group reduced their price objective on shares of Bank of America (NYSE:BAC) from $20.00 to $18.50 in a report issued on Thursday, Analyst Ratings Net reports. Jefferies Group’s price target points to a potential upside of 14.69% from the stock’s previous close. Bank of America Corp (NYSE:BAC) weekly performance is -2.95%. On last trading day company shares ended up $16.13. Bank of America Corp (NYSE:BAC) distance from 50-day simple moving average (SMA50) is -4.06%. Analysts mean target price for the company is $17.56.

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