3 Stocks to Invest in the Rebirth of Greece

Continued economic improvement paves the way for new investment

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3 Stocks to Invest in the Rebirth of Greece

National Bank of Greece

 

 3 Stocks to Invest in the Rebirth of GreeceThis largest bank of Greece, National Bank of Greece (NBG)  has a widespread presence in the Balkan region, Turkey, and Egypt. Some analysts compare its financial situation with Bank of America (BAC) and Citibank (C) due to its P/E of 23, an operating margin of 22%, and $4.83 billion cash flow.

 

Moody’s recently raised the rating of Greece’s government bonds, stating that the upgrade reflects the $13.5 billion bank’s more favorable asset quality, funding profile and earnings than other banks.

While NBG is down 66% over the past year, it has rebounded admirably posting six-month gains of 76%.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/greece-nbg-drys-tnp-stocks-to-buy/.

©2014 InvestorPlace Media, LLC

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