Tue, Sep 2, 2014, 7:00 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Hampton Roads Bankshares Inc. Message Board

  • colelittle96 colelittle96 Jul 23, 2012 1:06 PM Flag

    Crazy not to own Regional Banks...CNBC

    'Crazy' Not to Own Regional Bank Stocks: Dick Bove
    By Justin Menza | CNBC – 49 minutes ago@cnbc on TwitterEmailShare1Print

    It's crazy not to own the regional banks right now, Dick Bove, banks analyst at Rochdale Securities, told CNBC's "Squawk on the Street" on Monday.

    "The quality of earnings is extraordinarily high," Bove said of the regional banks. "It's coming from more loans and more deposits."

    Bove said US Bancorp (USB), PNC Financial (PNC), BB&T (BBT), and Wells Fargo (WFC) are extremely attractive and should be owned. According to Bove, many put up "picture perfect" earnings in the second quarter.

    The universal banks like JPMorgan (JPM) and Bank of America(BAC) are for those with a strong stomach, Bove said.

    "It's hard to assume that these stocks are going to go up so long as people refuse to look at the earnings," he said.


    In general, Bove said, "The problem with bank stocks is not anything to do with earnings or the structure of their balance sheets, the problem with bank stocks is that people don't believe any of the numbers associated with this group of companies."

    He added: "If no one cares about how much money these banks make and no one cares about what the growth rates have been coming out of the recession, it's very difficult to see what's going to them to buy the stocks."

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
HMPR
1.67-0.01(-0.60%)Sep 2 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.