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:
About the author:
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
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