Rochdale Securities

Dick Bove believes the good news from the successful stress test results announced yesterday simply confirmed what people had overlooked while they "freaking out over Europe, which happened to be a bonanza for the American banking industry." "If you wanted to say what was the single biggest gift...

Meredith Whitney, who has been notoriously bearish on the banks in the past, is singing a different tune this morning. Whitney, of Meredith Whitney Advisory Group, said that Bank of America Corp. (NYSE: BAC) does not have to raise capital immediately. In comments captured by Bloomberg, Whitney...

Rochdale Securities analyst Dick Bove told Bloomberg TV's Margaret Brennan this morning that Bank of America has sufficient capital and that you cannot "break the bank" by driving the stock price lower. Bove also re-affirmed his belief that Goldman Sachs needs to shake up its management ranks....

Wells Fargo & Company (NYSE: WFC) shares are well off session lows, down just 1% after Dick Bove of Rochdale Securities downgraded the stock to Sell. Bove cut the rating to Sell and cut the price target to $22, citing rising unemployment, ongoing weakness in the housing market and slowdown in...

Goldman Sachs Group, Inc. (NYSE: GS) shares are continuing their slide, and are now down over 3% on more than three times the average daily volume, as noted bank analyst Dick Bove downgraded the stock. Bove cut his rating to Sell. Bove of Rochdale Securities downgraded the name and cut the price...

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...

Rochdale Securities analyst Dick Bove had some comments on the supposed merger between Northern Trust (NASDAQ: NTRS) and HSBC (NYSE: HBC). The number being thrown out on Wall Street is $65 per share, which Bove called a "gift." He said he expects a price around $58, but did say that a merger...

In an article on CNBC, analyst Dick Bove of Rochdale Securities said Bank of America (NYSE: BAC) is in the process of selling roughly $500 billion of assets. Through this move, the company aims to streamline its operations and comply with new financial regulations. Bove said that the company "has...

Rochdale Securities upgraded shares of SunTrust Banks (NYSE: STI) to Neutral from Sell this morning. During today's trading session, STI has gained 1.40% to $25.40. The stock has gained 25% year-to-date. STI has a market cap of $12.71 billion. SunTrust Banks, Inc. (SunTrust) is a diversified...