Richard X. Bove

With bank stocks “no longer rallying,” Rafferty Capital’s Dick Bove doesn't expect bank stock to do well for some time. The analyst downgraded Wells Fargo & Co (NYSE: WFC) from Hold to Sell, while lowering the price target from $62.00 to $54.50. Phantom Account Problem...

Noting that JPMorgan Chase & Co. (NYSE: JPM) shares were up 28.6 percent since the Trump election, Rafferty Capital’s Richard X. Bove expects the stock to decline in the near term before it “regains positive momentum.” The analyst maintains a Buy rating on the company, while...