Dick Bove

Rochdale Securities analyst Richard Bove raised his rating on Wells Fargo (NYSE: WFC) to buy from hold Thursday on optimism about the banking giant's access to cheap funding. Bove raised his price target on the stock to $30 from $29. Wells Fargo increased its deposits by almost $11 billion to $816...

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.

Rochdale Securities’ Dick Bove, tells FOX Business Network’s (FBN) Brian Sullivan Goldman Sachs’ earnings will “go up pretty sharply” despite their poor second quarter performance. On Goldman Sachs’ earnings this quarter: “It wasn’t any shock that the company did poorly. When we saw the numbers for...

The general view of the Q2 results posted by JP Morgan (NYSE: JPM) is positive as the "book value increased, the credit outlook improved." However, Dick Bove is not impressed. Referring to the EPS of $1.09, Bove says, "On the whole this number is not a good number." "It's here because they've taken...

On CNBC's Squawk Box this morning, Rochdale Securities analyst Dick Bove said most of the results from the JPMorgan (NYSE: JPM) were bad. Dick Bove Says you want to see revenue rise, but that didn't happen. Also, trading at JPMorgan was down 50%. The only thing Dick Bove liked from the quarter was...

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, “...

Wells Fargo (NYSE: WFC) announced that it would be shutting down its consumer finance unit this year, eliminating 3,800 jobs or roughly 1.4% of its work force. The bank is nixing the 100-year-old operation on the heels of the fin-reg bill, which is forcing banks to become smaller and take fewer...

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...

PE Hub reported yesterday that Citigroup Inc. (NYSE: C) has agreed to sell its private-equity unit to Lexington Partners for more than $900 million; multiple sources were cited. The report also noted that StepStone Group would provide management services for the unit. Dick Bove, of Rochdale...

In an interview with Fox Business Network's Charlie Gasparino, Rochdale Securities analyst Dick Bove stated that as many as 10 million people could lose their bank accounts as a result of the financial reform bill. “If you think about the credit card bill, what basically occurred once that bill...

See Some of the Top Moving Indexes Here. Rochdale Financial Securities analyst Dick Bove said coming government regulation poses a threat to JP Morgan's (NYSE: JPM) future profitability because of the bank's large derivative investments. Bove slashed his price target to $44 from $55, but kept a "...

Register for the LA Trader's Expo for Free Here! Rochdale Securities analyst Dick Bove has slashed his earnings projections and price target on Bank of America (NYSE: BAC) shares. Bove said increased government regulations and the company's exposure to foreign markets will weigh on shares. Bove...