Dick Bove Continues to Bullish on Banking

In an interview on CNBC earlier today, Dick Bove continued to argue that banking stocks continue to be tremendously undervalued. Bove argued that many banks were not just trading below book value, but trading below cash value as well. Bove argued that some banks had more cash than what the market was valuing the company at. Bove stated that if the baking business can get back to the old multiples, banking stocks remained dirt cheap.