Societe Generale reduced its rating on Citigroup to sell from hold, citing deteriorating credit trends and increased loan loss provisions.
One analyst said JPMorgan Chase and Citigroup failed to deliver on some fundamental fronts: loan growth, loan quality and margins.
Both JPMorgan and Citi saw declining quality of their loan portfolios, and have been unable to increase their loan sales, says Dick Bove of Vertical Group.
North Korea and other unsettling events can't seem to stop the market rally. Here's why that's a problem, says equity research analyst Dick Bove.
Ahead of bank earnings season, analyst Dick Bove warns investors that financials are a pure momentum play, and sell-off risks are high.
Analyst Dick Bove, with Veritcal Group, discusses bank earnings with Eric Chemi.
Dick Bove, analyst with Vertical Group, discusses bank earnings and his top bank stock picks now, with Eric Chemi.
CEO Tim Sloan has taked huge efforts to try to turn Wells Fargo around, Dick Bove said. However, Bove's problem with WFC comes down to the fundamentals.
Dick Bove, Vertical Group Research, and Marty Mosby, Vining Sparks, discuss their thoughts on Wells Fargo following CEO Tim Sloan's testimony on Capitol Hill about the bank's fraudulent accounts scandal.
The full interview with Richard Bove.