Dick Bove

Shares of JPMorgan Chase & Co. (NYSE: JPM) traded lower Monday as traders grow increasingly concerned about the economic impact of a potential second wave of COVID-19 infections. Bank stocks already have an uphill battle in 2020 to generate profits after the Federal Reserve cut interest rates...

Shares of JPMorgan Chase & Co. (NYSE: JPM) traded higher Wednesday as traders become increasingly optimistic that a combination of Federal Reserve stimulus and a potential COVID-19 vaccine can help big banks weather the economic downturn and get back on track — even with interest...

With the S&P 500 having an awful week, it's fair to say there is money to be made on the downside in the current market environment. For some traders, that means embracing inverse and inverse leveraged exchange traded funds. A basic inverse ETF, such as the ProShares Short S&P500 (NYSE...

After 11 years under government control, Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) finally have a plan for exiting conservatorship. Unfortunately, the new Treasury Department plan unveiled by the Trump administration on Thursday is sparse on...

The White House announced on Wednesday that, after years of waiting, Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) will finally be free of their government conservatorship. What Happened President Trump is expected to sign a memorandum initiating...

Government-sponsored enterprises Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) have sprung back to life in 2019, with both stocks up more than 139 percent year-to-date. After years of disappointment for investors, one prominent voice on Wall...

Shares of Goldman Sachs Group Inc (NYSE: GS) initially moved lower on heavy volume after The Wall Street Journal reported the banking giant's CEO Lloyd Blankfein will step down by the end of 2018. Within minutes, the stock recovered and quickly rebounded to trade at session highs. What...

Amazon.com, Inc. (NASDAQ: AMZN) is reportedly researching a bank account product for customers, The Wall Street Journal first reported. What Happened Amazon could be looking to partner with major Wall Street banks like JPMorgan Chase & Co. (NYSE: JPM) to offer its clients a "checking-...

Notable bank analyst Dick Bove said in a downgrade report in early November that Goldman Sachs Group Inc (NYSE: GS) is a "troubled" Wall Street bank. But on the final trading session of 2017, Bove turned bullish on the stock he'd downgraded a few weeks prior. The Analyst Dick Bove...

Certain bank stocks remain "phenomenally good" while others should be avoided, according to a notable bank analyst. The Analyst The Vertical Research Group's Dick Bove recommends buying Bank of America Corp (NYSE: BAC) and short selling Goldman Sachs Group Inc (NYSE: GS) The...

Vertical Group's Dick Bove, a notable bank analyst, downgraded Goldman Sachs Group Inc (NYSE: GS)'s stock from Hold to Sell amid a view the Wall Street bank is "troubled." Bove has been an outspoken critic of Goldman Sachs' leadership and CEO Lloyd Blankfein for some time. The...

Goldman Sachs Group Inc (NYSE: GS) shares are up 5.2 percent in the past five trading sessions after the company released disappointing first-quarter earnings numbers. The market initially punished Goldman for the miss, the worst among its peer group, but investors have since swooped in to buy...

Rafferty Capital's Dick Bove publishes a weekly commentary on the state of the financial services sector. In his latest report dated Monday, he blasted the financial media after he conducted interviews with the press. Bove stated that he was upset with the quality of financial journalism after an...

It seems like each election cycle, politicians talk constantly about getting the national debt level under control. Then, no matter which part takes the White House, the new administration continues to pile on more and more debt. The Congressional Budget Office projects the federal debt will grow...