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Rafferty's Dick Bove On Prospects For A Comerica Acquisition
Thursday, December 8, 2016 - 4:42pm | 251Read More...Shares of Comerica Incorporated (NYSE: CMA) spiked up on Wednesday and Thursday, after Benzinga reported that the board might be considering selling the company, taking advantage of the recent stock appreciation. Possible Candidates Responding to Benzinga’s article, Rafferty Capital Market...
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Why Preferred Shares May Be Preferable For Fannie Mae And Freddie Mac Investors
Thursday, December 1, 2016 - 4:04pm | 418Read More...Traders appear to be taking profits on the massive 50 percent-plus rally in Federal National Mortgage Assctn Fnni Me (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC) this week following comments by President-elect Donald Trump’s new Treasury Secretary appointee. On Wednesday,...
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Dick Bove Is Bearish On Wells Fargo
Thursday, October 13, 2016 - 6:29am | 185Read More...Speaking on CNBC's Fast Money, Dick Bove of Rafferty Capital said he is keeping the sell rating for Wells Fargo & Co (NYSE: WFC) despite the departure of CEO John Stumpf. He thinks that fundamentals of the company don't merit the premium that it sells relative to book value. He...
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Dick Bove Warns Of Summer Mortgage Crisis In U.S.
Wednesday, March 2, 2016 - 10:53am | 331Read More...In a new report, Rafferty Capital Markets analyst Dick Bove discussed what he sees as an imminent threat in the U.S. mortgage market. According to Bove, a downturn in the U.S. economy could set in play a chain of events that could lead to disaster in the mortgage market. Since the United States...
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Q1 Reports, Banks And Investor Expectations: Dick Bove Provides Clues
Tuesday, April 14, 2015 - 2:19pm | 336Read More...The first quarter of 2015 turned out to be quite a volatile one, especially in the currency and bond markets. This, along with stress test that the Federal Reserve conducted on banks, has contributed to a lot of anxiety among financial sector investors. Dick Bove from Rafferty Capital was on...
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Bove: American Bank Balance Sheets 'Have Been Nationalized'
Sunday, March 8, 2015 - 9:33am | 406Read More...In a recent report, Rafferty Capital Markets' Vice President of Equity Research Richard Bove laid out his bullish case for Morgan Stanley (NYSE: MS). In the report, Bove gave his take on the modern banking environment in the U.S., including his opinion that bank balance sheets are now...
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UPDATE: Rafferty Capital Upgrades Comerica On Solid Earnings Results
Tuesday, July 15, 2014 - 3:15pm | 130Read More...In a report released Tuesday, Rafferty Capital Markets analyst Dick Bove upgraded Comerica (NYSE: CMA) from Hold to Buy with a price target increase from $50.50 to $59.00. The Rafferty note is based on Comerica's Q2 2014 earnings release Tuesday. Analysts at Rafferty highlighted Comerica...
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UPDATE: Rafferty Capital Upgrades JPMorgan Chase On Strong Earnings Report
Tuesday, July 15, 2014 - 3:10pm | 113Read More...In a report released Tuesday, Rafferty Capital Markets analyst Dick Bove upgraded JPMorgan Chase (NYSE: JPM) from Hold to Buy and increased his firm's price target from $62.00 to $68.00. The Rafferty note is based on JPMorgan's Q2 2014 earnings release Tuesday. Bove favored JP Morgan...
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Small Banks Can Lead To Big Dividends
Tuesday, March 25, 2014 - 3:17pm | 724Read More...The bank stress test results are in; later this week, the review of capital plans will be released by the Fed as well. This will tell which of the big banks will be able to go ahead with their planned dividend increases and share buybacks. With 20 of the 30 biggest banks passing the rather tough...
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Rafferty Capital's Dick Bove Talks Bank Earnings, Europe and Fed/FDIC 'Turf Wars'
Tuesday, July 9, 2013 - 12:41pm | 851Read More...Rafferty Capital analyst Dick Bove sees new banking regulation as a battle between the Fed and the FDIC. Bove also weighed in on Europe's growing interest in jailing bankers and talked about what we're going to be seeing from bank earnings on CNBC's Squawk Box on Tuesday morning. First Bove...
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Legendary Bank Analyst Dick Bove Says This Will Be The 'Best Quarter in the History of the Banks'
Tuesday, April 16, 2013 - 9:39am | 380Read More...Dick Bove dropped into Squawk Box Tuesday morning to speak with Andrew Ross Sorkin and company about financial sector earnings and the stock performance for the year to come. Here are some highlights: On the Goldman Sachs (NYSE: GS) Earnings All core businesses did pretty well quarter over...
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Benzinga Market Primer: Friday, April 12
Friday, April 12, 2013 - 6:34am | 942Read More...Futures Lower Ahead of Bank Earnings U.S. equity futures slipped in early pre-market trading Friday ahead of key earnings from U.S. banking giants J.P. Morgan Chase (NYSE: JPM) and Well Fargo (NYSE: WFC). Famed analyst Dick Bove believes that 2013 bank earnings will be record-setting earnings once...
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Dimon's JPMorgan Stock Purchase Aims To Put Investors At Ease
Tuesday, July 24, 2012 - 2:29pm | 380Read More...As an act of contrition, the highly visible CEO of JPMorgan Chase (NYSE: JPM) Jamie Dimon has purchased 500,000 common shares to restore investor's confidence. Dimon paid an average price of $34.22 back on July 19th and 20th for the $17,107,533 outlay after selling 12,142 shares of Series I...
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Dick Bove Continues to Defend JPMorgan
Tuesday, May 29, 2012 - 3:48pm | 76Read More...Earlier on CNBC, financial analyst Dick Bove appeared to give his take on JPMorgan (NYSE: JPM) he remained steadfast in his defense of the company. Bove stated that the bank's recent asset sales would not have any meaningful impact on the company in the longer term. He stated that the stock was...
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Dick Bove Criticizes Financial Media on Bloomberg Radio
Wednesday, April 11, 2012 - 9:45am | 134Read More...Dick Bove of Rochdale Securities is currently on Bloomberg Radio discussing the big US banks and banking regulations. In the interview, Bove has brought up the following issues: -He sees a certain bias in media reporting banking industry. For example, the story about JP Morgan's (NYSE: JPM) hedges...
