Dick Bove

In an interview on CNBC earlier today, Dick Bove continued to argue that banking stocks continue to be tremendously undervalued. Bove argued that many banks were not just trading below book value, but trading below cash value as well. Bove argued that some banks had more cash than what the market...

Fox Business Network's (FBN) Charlie Gasparino reports Jefferies & CO CEO Richard Handler is weighing whether the firm can remain independent and if a sale to a larger player is inevitable. Rochdale Securities analyst Dick Bove told Gasparino that Jefferies has become an “acquisition target” to...

Meredith Whitney, who has been notoriously bearish on the banks in the past, is singing a different tune this morning. Whitney, of Meredith Whitney Advisory Group, said that Bank of America Corp. (NYSE: BAC) does not have to raise capital immediately. In comments captured by Bloomberg, Whitney...

Rochdale Securities analyst Dick Bove told Bloomberg TV's Margaret Brennan this morning that Bank of America has sufficient capital and that you cannot "break the bank" by driving the stock price lower. Bove also re-affirmed his belief that Goldman Sachs needs to shake up its management ranks....

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports while most traders are betting that Bank of America “will not be able to survive unless it gets new capital” Rochdale Securities financial analyst Richard Bove tells Gasparino they will not have to raise capital. He told...

Wells Fargo & Company (NYSE: WFC) shares are well off session lows, down just 1% after Dick Bove of Rochdale Securities downgraded the stock to Sell. Bove cut the rating to Sell and cut the price target to $22, citing rising unemployment, ongoing weakness in the housing market and slowdown in...

FOX Business Network (FBN) Senior Correspondent Charlie Gasparino reports on the mounting pressure Goldman Sachs CEO Lloyd Blankfein is facing with “multiple investigations” by the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) on allegations of insider trading. Rochdale...

Goldman Sachs Group, Inc. (NYSE: GS) shares are continuing their slide, and are now down over 3% on more than three times the average daily volume, as noted bank analyst Dick Bove downgraded the stock. Bove cut his rating to Sell. Bove of Rochdale Securities downgraded the name and cut the price...

Dick Bove at Rochdale Securities has downgraded Goldman Sachs (NYSE: GS), and cut the price target to $120 from $163, as Bove believes that the Department of Justice will soon bring a suit against the New York-based investment bank, based on pressure from Capitol Hill. In the note Bove writes, "...

Rochdale's Dick Bove is cautious on Goldman Sachs (NYSE: GS). Bove lowers GS estimates across the board and lowers his target to $188 from $214.

Well-known Rochdale Securities analyst Dick Bove told CNBC today that a number of banks are prime takeover targets, as they remain undervalued. According to a CNBC report, "Bove has been pushing the M&A theme on belief that investors aren't convinced about bank earnings and are keeping share...

Dick Bove just announced on CNBC that despite the news that J.P. Morgan Chase (NYSE: JPM) is shutting down its prop trading desks, that this should not have an affect on the stock price. The news was first heard on Bloomberg TV approximately 20 minutes ago. Shares of J.P. Morgan are currently...