National Bank of Greece; In The Grease (NBG)

Posted in pre-market 
April 8th, 2010

National Bank of Greece SA (NYSE: NBG) is indicated lower this morning after more woes in Greece. Greek banks and stocks got trounced overseas after yield spreads continue to widen out in Greece.  Shares are indicated down around $3.49 per ADR versus a $3.73 close. UPDATE 9:20 AM EST shares are down 5.4% at $3.53 on 536,000 shares.

As a reminder, this is now a proxy for Greece for U.S. investors as one of the only ways to get exposure in the Greek financial sector.  The 52-week trading range is $3.40 to $8.37 and the average volume is now over 4 million shares per day.


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