Rochdale Securities

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...

Dick Bove believes the good news from the successful stress test results announced yesterday simply confirmed what people had overlooked while they "freaking out over Europe, which happened to be a bonanza for the American banking industry." "If you wanted to say what was the single biggest gift...

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....

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...

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...

It is usually Goldman Sachs (NYSE: GS) doing the downgrading, but the banking giant got a taste of its own medicine this morning as the company was cut from Buy to Neutral by Rochdale Securities analyst Richard Bove. The price target was also slashed from $188 to $163. The downgrade comes despite...

Rochdale Securities upgraded shares of SunTrust Banks (NYSE: STI) to Neutral from Sell this morning. During today's trading session, STI has gained 1.40% to $25.40. The stock has gained 25% year-to-date. STI has a market cap of $12.71 billion. SunTrust Banks, Inc. (SunTrust) is a diversified...

Hearing Rochdale's Dick Bove Upgrades Wells Fargo (NYSE: WFC) To Buy. FBR also upgraded Wells Fargo to Outperform. Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.

In a recent interview with Fox Business Network’s Nicole Petallides, Rochdale Securities analyst, Dick Bove, expressed his view that Goldman Sachs (NYSE: GS) “has hit the bottom.” Conversely, he also said that the company has “a long haul to get earnings back to where they were.” Mr. Bove said, “...

Financial stocks were weak today, after a huge broad-market rally that drove the Dow Jones Industrial Average beyond the 10,000 mark. Positive outlook offered by State Street (NYSE: STT) yesterday fueled investor optimism, resulting in a more than 5% jump in share price of big banks such as...

Shares of Suntrust Banks Inc. (NYSE: STI) rocketed higher yesterday, along with the entire financial sector; the stock closed higher by over 8.8% and is trading higher by another 2.25% in the pre-market. It appears there are rumors that the bank is being shopped by Barclays PLC (NYSE: BCS). Dick...