European stocks fell Thursday after European Central Bank decided to leave its key interest rate at a record low of 0.25 percent. ECB staff has predicted inflation to average just 1.1 percent in 2014, followed by 1.3 percent in 2015, which was below the ECB’s target of just under 2.0 percent. "While deflation seems to be right around the corner, there are growing doubts about the ECB's willingness to act decisively to boost the economy. It's a question of credibility at this point," FXCM analyst Vincent Ganne said. Here is how some foreign bank stocks reacted Thursday:
Banco Bilbao Vizcaya Argentaria SA (NYSE: BBVA) shares traded in the range of $11.33 to $11.56 Thursday before settling to close at $11.37, a decrease of 1.98 percent. The stock appears to be facing some resistance at the $11.79 and $12.75 levels with some support at $11.09. Shares of Banco Bilbao have gained approximately 20.0 percent in 2013.
More information on Banco Bilbao and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BBVA
National Bank of Greece (NYSE: NBG) shares traded in the range of $5.76 to $5.93 Thursday before settling to close at $5.82 a share. The stock appears to be facing some resistance at the $5.86 and $6.17 levels with some support at $5.47. Shares of National Bank of Greece have fallen approximately 67.0 percent 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 $8.45 to $8.65 Thursday before settling to close at $8.51, a decrease of 1.50 percent. The stock appears to be facing some resistance at the $25.73 and $26.39 levels with some support at $24.88. Shares of Banco Santander have gained approximately 4.0 percent in 2013.
More information on Banco Santander and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SAN
UBS AG (NYSE: UBS) shares traded in the range of $18.45 to $18.72 Thursday before settling to close at $18.49, a decrease of 0.54 percent. The stock appears to be facing some resistance at the $18.57 and $19.23 levels with some support at $18.00. Shares of UBS have gained approximately 17.0 percent in 2013.
More information on UBS and access to the free equity report can be found at:
www.WallStreetFundamentals.com/UBS
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