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Dick Bove: 'Safe' and 'Riskier' Ways to Play Banks
Posted by: Dheeraj Grover (IP Logged)
Date: July 11, 2012 10:46AM
Rochdale Securities analyst Dick Bove offers a "safe" way to play the banking sector and another "riskier" strategy, which he prefers.
His safer picks are big regional banks: U.S. Bank Corp (USB), BB&T (BBT) and PNC financial (PNC).
His riskier picks are: JPMorgan (JPM), Bank of America (BAC) and Well Fargo (WFC).
He prefers playing with riskier banks and says big banks are critical to the U.S. economy.
Here is the video:
Stocks Discussed: BAC, C, JPM, MS, GS, WFC, USB, PNC, BBT,