Richard Bove

It is usually Goldman Sachs (NYSE: GS) doing the downgrading, but the banking giant got a taste of its own medicine this morning as the company was cut from Buy to Neutral by Rochdale Securities analyst Richard Bove. The price target was also slashed from $188 to $163. The downgrade comes despite...

Financial stocks were weak today, after a huge broad-market rally that drove the Dow Jones Industrial Average beyond the 10,000 mark. Positive outlook offered by State Street (NYSE: STT) yesterday fueled investor optimism, resulting in a more than 5% jump in share price of big banks such as...

The increased demand for payment and credit services is likely to benefit stocks like Citigroup (NYSE: C). In an interview with CNBC, Richard Bove, senior vice president of equity research at Rochdale Securities, said that the stock is a solid buy. Citigroup stock, battered by the financial crisis...

In an interview on CNBC, Richard Bove, senior vice president at Rochdale Securities, rooted for Citigroup (NYSE: C) by saying that the stock is a solid buy as demand for credit and payment services is rising across the globe. There has been intense speculation regarding the future prospects of...

Goldman Sachs (NYSE: GS) is under fire, but according to Rochdale Securities, the stock is a good buy. Richard Bove, banking analyst with Rochdale Securities, shared his insight with CNBC. He siad, “I think the SEC suit will be thrown out of court, I think Goldman’s (GS) reputation will improve. I...

In an article on CNBC, analyst Richard Bove of Rochdale Securities said that problems faced by Goldman Sachs (NSYE: GS) seem to have blown over after Tuesday's marathon Senate hearings. The lawsuit filed by the SEC is likely to be thrown out of court, resulting in GS’ improved reputation. Bove...

Richard Bove of Rochdale Securities published a report on Monday that questions performance and commitment of Bank of New York Mellon's (NYSE: BK) CEO Robert Kelly. Robert Kelly was one of the top candidates to lead Bank of America (NYSE: BAC), but the Wall Street Journal writes that he withdrew...

Richard Bove said on CNBC's Fast Money that he sees Citigroup's (NYSE: C) secondary offering as a terrible error which Vikram Pandit should have never done. Bove met with Citi's (C) executives recently and they talked about the deal of this nature. Since he couldn't persuade them not to do the deal...

Richard Bove of Rochdale Securities said on CNBC's Fast Money that he would stay away from banking sector. He gave two reasons why he would do that. First reason is linked with recent Dubai crisis. Dick Bove thinks that some emerging countries like Greece, Turkey and Lithuania could follow Dubai's...

Richard Bove of Rochdale Securities said on CNBC's Fast Money that Goldman Sachs (NYSE: GS) will increase its dividend meaningfully because they are trying to re-establish their position in the market. He has also shared with the viewers his analysis of the impact of the reforms on the state of the...