The big bank stocks aren't having a great year, but there are plenty of opportunities beyond the largest names, says Dick Bove.
Chris Whalen, Whalen Global Advisers chairman, and Dick Bove, Hilton Capital Management chief strategist, discuss whether they expect Thursday’s bank stress test results to move the markets.
Big banks sacrificed branches and "hi-touch" services for mobile banking and "hi-tech," and they have lost loan business as a result.
A proposal by Jamie Dimon and Warren Buffett to end quarterly earnings guidance drew considerable acclaim but also scattered criticism, including a sharp rebuke from an analyst who's been in the business for more than half a century. The idea is "misguided" in that it would increase market volatility by reducing information and actually increasing speculation, said Dick Bove, a strategist at Hilton Capital Management
Investors looking for bargains after the sell off in major U.S. bank stocks should wait until the risks from Italy are clear,er says bank analyst Richard Bove of Hilton Capital Management.