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Dick Bove: It's Crazy Not to Own Regional Bank Stocks
Posted by: Dheeraj Grover (IP Logged)
Date: July 27, 2012 09:13AM
Dick Bove of Rochdale securirities was on CBNC to discuss his views on Regional Banks, bank earnings and bank valuations.
Here is what Dick said:
-- Regional Banks earnings have outperformed Universal Banks.
-- It will be crazy to not own regional banks.
-- Big banks may have higher risk but valuations are really cheap.
-- The problem with bank stocks is people have developed a belief in the big bank earnings even after the big banks have reported good earnings.
Here is the video:
Stocks Discussed: JPM, C, BAC, BBT, MS, WFC, KEY,