SOURCE: Rothman Research

Rothman Research

August 18, 2010 08:53 ET

Analyst Research on National Bank of Greece and Wells Fargo -- Sneak Peek in the Financial Industry

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 18, 2010) -  www.RothmanResearch.com probes the current macroeconomic environments pressuring the money center banks industry in light of a slow-paced economic recovery and offers members methodical research on National Bank of Greece SA (NYSE: NBG) and Wells Fargo & Company (NYSE: WFC). Register for a free membership now on www.rothmanresearch.com to have full access to these complimentary reports and more.

Regional banks have mounted a comeback in 2010. The lessons learned during the recession appear to have led to the turnaround. One of the biggest changes has been the improvement of credit quality. More thorough and cautious credit checks have led to fewer delinquent loans and in turn greater financial stability.

www.rothmanresearch.com is a source for investors seeking free information on the money center banks industry; investors and shareholders of National Bank of Greece SA and Wells Fargo & Company are encouraged to sign up for free at http://www.rothmanresearch.com/index.php?id=6&name=Register.

The turnaround for regional banks has also partially been caused by the demise of smaller banks. There have been 275 bank failures in the United States since 2008. Regional banks have been able to assume assets at a discount and expand their customer base. 

Presently, banks as well as many other financial institutions suffered losses in the wake of poor US trade deficit figures and a down global equities market. The US government had a budget deficit of $165 billion in July coming off a dismal June where the trade gap ballooned to $50 billion. The troubling figures have made many investors cautious about the conclusion of the recession and global economic crisis.

Despite positive changes from regional banks, global financial volatility and lack of investor confidence could fuel continued instability. 

On the earnings front this quarter, Wells Fargo & Company delivered upbeat results in July with earnings of $3.1 billion. National Bank of Greece SA will be releasing its results at the end of this month, that is August 27th.

www.rothmanresearch.com provides technical analysis and free downloadable research reports on National Bank of Greece SA and Wells Fargo & Company by signing up now at

http://www.rothmanresearch.com/article/nbg/23857/Aug-18-2010.html or

http://www.rothmanresearch.com/article/wfc/23858/Aug-18-2010.html

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