Valuations of U.S. bank stocks continue to be hit by the ongoing uncertainty surrounding the industry in recent years, says a banking analyst.
Dick Bove, vice president of equity research at Rafferty Capital Markets, says that companies in the credit card business are among those with the biggest risks.
Equity-based funds raked in $24.6 billion, according to Bank of America Merrill Lynch. That was the highest total since Donald Trump's election victory.
JPMorgan Chase Chief Operating Officer Matt Zames is leaving the firm, CEO Jamie Dimon said in a memo Thursday.
With the less-than-welcoming environment, Bove thinks the Wall Street titans themselves need to rethink the future.
Dick Bove says over the next few months bank 'loan losses are going to grow pretty substantially.'
Dick Bove bank analyst for Rafferty Capital discusses his bearish call on investing financials. The “Fast Money Halftime Report” traders weigh in.
Dick Bove, bank analyst for Rafferty Capital, discusses his caution on investing in the dip in financials.
Dick Bove, veteran bank analyst with Rafferty Capital Markets, discusses the bank stocks in this interview with Brian Sullivan.