-
Rafferty's Dick Bove Downgrades Goldman Sachs
Tuesday, April 18, 2017 - 1:41pm | 429Read More...Richard Bove of Rafferty Capital Markets downgraded shares of Goldman Sachs Group Inc (NYSE: GS) from Buy to Hold with a price target slashed from $288 to $221 after the company reported its first-quarter results. According to Bove, Goldman Sachs' top-and-bottom-line miss was a "shock" considering...
-
Rafferty's Dick Bove: Citigroup Has Room To Grow
Saturday, April 1, 2017 - 10:44am | 455Read More...Rafferty Capital Markets' Dick Bove maintained a Buy rating on Citigroup Inc (NYSE: C) with a price target boosted by $1 per share to $66 in a Thursday report. Bove's bullish sentiment is based on a series of earnings estimate updates. Raffety has raised its 2017 EPS estimate from $5....
-
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...
-
Rafferty Capital Bullish On State Street Corporation
Monday, September 15, 2014 - 5:42pm | 161Read More...Analysts at Rafferty Capital Markets upgraded shares of State Street Corporation (NYSE: STT) to a Buy rating and an $82 price target Monday. Richard Bove highlighted causes for the upgrade. Analysts find: “An incredible 78.5% of the firm’s owned assets are either in cash or...
-
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...
-
Goldman Feeling the Heat, Downgraded by Rochdale (GS)
Tuesday, April 19, 2011 - 2:16pm | 466Read More...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...
-
Financial Stocks Shed Early Gains
Thursday, July 8, 2010 - 2:25pm | 282Read More...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...
-
Bove Endorses Citigroup (C)
Wednesday, July 7, 2010 - 3:38pm | 112Read More...The increased demand for payment and credit services is likely to benefit stocks like Citigroup (NYSE: C). In an interview with CNBC, Richard Bove, senior vice president of equity research at Rochdale Securities, said that the stock is a solid buy. Citigroup stock, battered by the financial crisis...
-
Bove Believes Citi Is A Bargain; May Reach $8.50 In a Couple Of Years
Wednesday, July 7, 2010 - 12:28pm | 293Read More...In an interview on CNBC, Richard Bove, senior vice president at Rochdale Securities, rooted for Citigroup (NYSE: C) by saying that the stock is a solid buy as demand for credit and payment services is rising across the globe. There has been intense speculation regarding the future prospects of...
-
Goldman Sachs May Touch $200: Analyst Tells CNBC (GS)
Thursday, April 29, 2010 - 7:08am | 117Read More...Goldman Sachs (NYSE: GS) is under fire, but according to Rochdale Securities, the stock is a good buy. Richard Bove, banking analyst with Rochdale Securities, shared his insight with CNBC. He siad, “I think the SEC suit will be thrown out of court, I think Goldman’s (GS) reputation will improve. I...
-
Bove Feels It Is Time To Buy Goldman
Wednesday, April 28, 2010 - 11:50am | 264Read More...In an article on CNBC, analyst Richard Bove of Rochdale Securities said that problems faced by Goldman Sachs (NSYE: GS) seem to have blown over after Tuesday's marathon Senate hearings. The lawsuit filed by the SEC is likely to be thrown out of court, resulting in GS’ improved reputation. Bove...
-
Richard Bove Questions Robert Kelly's Commitment To BK
Tuesday, December 29, 2009 - 6:04pm | 156Read More...Richard Bove of Rochdale Securities published a report on Monday that questions performance and commitment of Bank of New York Mellon's (NYSE: BK) CEO Robert Kelly. Robert Kelly was one of the top candidates to lead Bank of America (NYSE: BAC), but the Wall Street Journal writes that he withdrew...
-
Richard Bove Thinks That Citi's (C) Secondary Offering Is A Terrible Error
Wednesday, December 16, 2009 - 6:57pm | 172Read More...Richard Bove said on CNBC's Fast Money that he sees Citigroup's (NYSE: C) secondary offering as a terrible error which Vikram Pandit should have never done. Bove met with Citi's (C) executives recently and they talked about the deal of this nature. Since he couldn't persuade them not to do the deal...
-
Richard Bove Recommends Investors To Stay Away From Banking Sector
Monday, November 30, 2009 - 7:16pm | 174Read More...Richard Bove of Rochdale Securities said on CNBC's Fast Money that he would stay away from banking sector. He gave two reasons why he would do that. First reason is linked with recent Dubai crisis. Dick Bove thinks that some emerging countries like Greece, Turkey and Lithuania could follow Dubai's...
-
Bove Thinks Goldman Sachs (GS) Will Increase Its Dividend Meaningfully
Saturday, November 21, 2009 - 9:29am | 223Read More...Richard Bove of Rochdale Securities said on CNBC's Fast Money that Goldman Sachs (NYSE: GS) will increase its dividend meaningfully because they are trying to re-establish their position in the market. He has also shared with the viewers his analysis of the impact of the reforms on the state of the...
