GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Dick Bove : Moody's Bank Downgrade 'Absurd'

June 22, 2012 | About:
Dheeraj Grover

Dheeraj Grover

18 followers
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



Here is the video:

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)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK