Stocks To Track: National Bank of Greece (ADR) (NYSE:NBG), Bank of America, U.S. Bancorp (NYSE:USB), Royal Bank of Scotland (NYSE:RBS), Metlife
Equities researchers at JPMorgan Chase & Co. assumed coverage on shares of National Bank of Greece (NYSE:NBG) in a research report issued on Wednesday. The firm set a “sell” rating and a $99.00 price target on the stock. National Bank of Greece (ADR) (NYSE:NBG) stock opened today at $3.73 and is currently trading at $3.71. The stock showed a negative weekly performance of -0.78%.
Bank of America Corp (NYSE:BAC) has been holding its own with mobile banking, and was one of the first banks to create banking apps for tablets, as well as smartphones. In its annual report for 2013, the bank noted that it had 15 million mobile banking accounts as of the first quarter of this year, up from the year ago count of 12.6 million. Bank of America Corp (NYSE:BAC) stock opened at $15.46, in current trading session and currently is at $15.53, by gaining 0.75%. The 52 week range of $12.13 – $18.03. Company’s market capitalization is 163.36 billion.
On Jun 2, 2014, zacks issued an updated research report on U.S. Bancorp (NYSE:USB). This regional bank recently reported decent first-quarter 2014 results. Results were aided by growth in average loans and deposits, partially offset by a declining top line and increasing non-interest expenses. Though the company shows stability in its fundamentals, we remain cautious due to the current economic uncertainty across the industry. U.S. Bancorp (NYSE:USB) stock is currently trading at $43.21. The EPS of the stock is 3.00. Company’s market capitalization is 78.70 billion.
Royal Bank of Scotland Group plc (NYSE:RBS) was downgraded by equities research analysts at Investec from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday. Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) stock opened the session at $11.55, and now is at $11.56. The 52 week range of the Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) stock remained $8.15 – $12.44 and the day range was $11.55 – $11.58.
MetLife, Inc. (NYSE:MET) announced that it will resume share repurchases and intends to repurchase up to $1 billion in MetLife, Inc. common stock. The company will utilize existing authorizations from the board of directors to repurchase MetLife, Inc. common stock. The last time MetLife repurchased shares was 2008. Metlife Inc. (NYSE:MET) stock opened today at $54.45 and is currently trading at $54.56. The stock showed a negative weekly performance of -0.20%.