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Dheeraj Grover
Dheeraj Grover
Articles (493) 

Dick Bove : Moody's Bank Downgrade 'Absurd'

June 22, 2012 | About:

Richard Bove, Vice President of Equity Research, Financial Sector at Rochdale Securities says that fundamentals of the U.S. banking industry has improved "dramatically" over the past 4 years and that Moody's downgrade of the sector on Thursday is "absurd".

He thinks Banks are very well capitalized and much more safe. No matter what metric you look at for past 11 quarters Banks have improved and are in a far better position vs. 2008



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About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 4.0/5 (5 votes)

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