Wall Street Fundamentals Releases New In-Depth Stock Reports on BBVA, LYG, NBG and SAN
European markets were boosted Tuesday after a drop in Spain’s jobless claims suggested the European Union’s economic outlook is improving. According to data released Tuesday, the number of jobless claims in Spain declined 2 percent in May to 2.89 million, the lowest total since December. The data follows a separate report released Monday that showed Spain’s manufacturing purchasing managers' index was at a two-year high.
Banco Bilbao Vizcaya Argentaria SA (NYSE: BBVA) shares traded in the range of $9.41 to $9.56 Tuesday on volume of 1.32 million shares traded before settling to close at $50.08. The stock appears to be facing some resistance at $51.00 with reasonable support at $9.39. Shares of Banco Bilbao Vizcaya Argentaria are up just 0.5 percent year-to-date.
More information on Banco Bilbao and access to the free equity report can be found at: www.WallStreetFundamentals.com/BBVA
Lloyds Banking Group PLC (NYSE: LYG)shares traded in the range of $3.78 to $3.84 Tuesday before settling to close at $3.78, a decrease of 1.05 percent. The stock appears to be facing some resistance at $3.85 with reasonable support at $3.75. The company recently agreed to sell a portfolio of U.S. RMBS for a cash consideration of £3.3 billion. Shares of Lloyds Banking Groupare up approximately 18 percent so far in 2013.
More information on Lloyds Banking Group and access to the free equity report can be found at: www.WallStreetFundamentals.com/LYG
National Bank of Greece (NYSE: NBG) shares traded in the range of $5.80 to $6.11 Friday before settling to close at $5.85, a decrease of 4.41 percent, on volume of 3.88 million shares traded. The stock appears to be facing some resistance at $6.55. The company reported a net profit of €186 million for the first quarter of 2013, compared to losses of€265 million in the year ago quarter. Shares of the National Bank of Greece have fallen approximately 67 percent so far in 2013.
More information on National Bank of Greece and access to the free equity report can be found at: www.WallStreetFundamentals.com/NBG
Banco Santander, S.A. (NYSE: SAN) shares traded in the range of $7.28 to $7.41 Tuesday before
settling to close at $7.37, an increase of 0.96 percent. The stock appears to be facing some resistance at $7.47 with strong support at $7.21. The companyregistered a profit of EUR 1.205 billion for the first quarter of 2013, a decrease of 26 percent when compared to the year ago quarter.Shares of Banco Santander have fallen approximately 10.0 percent in 2013.
More information on Banco Santander and access to the free equity report can be found at: www.WallStreetFundamentals.com/SAN
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Disclaimer:
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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