Here's Why National Bank of Greece Got Absolutely Hammered in 2013

In this special "Best and Worst 2013" edition of The Motley Fool's everything-financials show, Where the Money Is, banking analysts David Hanson and Matt Koppenheffer tell viewers why National Bank of Greece (NYSE: NBG  ) lagged the market in 2013. While a turnaround could be near, investors should recognize the difference between the U.S. banking recovery and National Bank of Greece's situation.

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Comments from our Foolish Readers

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  • Report this Comment On January 03, 2014, at 10:14 AM, Khizhim wrote:

    Matt and David:

    #1: Thanks for the sober, thoughtful comments about NBG. I respect both of you and I always appreciate knowing what you think about this bank. I suspect most viewers/readers agree with me.

    #2. To MF mgt: TRANSCRIPTS OF VIDEOS, PLEASE!

    How about some "comic relief"?

    #3. I "sat up and took notice" when Mat referred to the Yahoo Finance forums in

    "One Crazy Sell-Off and Your Opportunity to Beat the Market" on 4-25-11:

    http://www.fool.com/investing/general/2011/04/25/one-crazy-s...

    "…Searching through the news, I wasn't able to find anything else that could account for such heavy selling. So I turned to the Yahoo! Finance message boards. As a quick disclaimer, I try to stay off these message boards. For the most part, the 'discussions' tend to resemble some cross between The Athens Lunatic Asylum and a middle-school lunch room. However, I do find that on occasion the boards' chatter can be revealing…"

    I was watching NBG, so I wondered about the reference to the **ATHENS** lunatic asylum. Wikipedia showed me the facility was built in the 19th century in Athens, OH, in the US, not in the province of Attica, in The Hellenic Republic...

    #4. This AM, at the forum for NBG at the selfsame YF, I find this:

    http://finance.yahoo.com/mbview/threadview/;_ylt=Anfh.lQsSY3...

    bladedoctor01 • 36 minutes ago

    Two poor boys who haven't a dime to their name discuss National Bank of Greece on Motley Fool.

    Watch their discussion here:

    (He linked to this MF video)

    hitlerchan • 27 minutes ago

    They maybe boys but they are not as malicious as Jim Cramer.

    There you have it, straight from the Athens Lunatic Asylum... "Over and out..."

    (By the way, yesterday's hot topics at the YF forum were marijuana tourism and legalized brothels as means to improve the macroeconomic outlook for Greece. You won't want to miss those discussions...)

  • Report this Comment On January 09, 2014, at 12:09 AM, philsie1 wrote:

    I watched the video and read up and back on this page and I must be deaf and blind but I completely missed the part where anyone gives the slightest clue why NBG got Hammered in 2013. This would be a great headline for someone to click onto if only there was real substance to back it up.

    Is MF turning into a click-through highway where the unsavvy expect real information but only get ads and sales pitches on how awesome MF is.

    If MF is serious about financial journalism then do us all a favor and change the title to "A few minutes of video where we mention NBG and say it's not the same as Citigroup." Not THAT would be an accurate title and make me once again proud to be a Fool.

  • Report this Comment On January 10, 2014, at 6:52 PM, Fuel wrote:

    Agree with philsie1 . MF has got slick and nowhere...

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