In a CNBC interview on Tuesday #$%$ (watch, Y! will bleep his name - short for Richard) Bove said "There are no banks in the United States that will be selling at discounts to book value six to 12 months from now."
#$%$ Bove, the closely watched bank analyst and vice president of equity research at Rafferty Capital said that right now, investors should be buying financial stocks "very aggressively."
Based on historical valuations, he said, some of the biggest names in the sector will more than double.
"What you're beginning to see is that all of this negativity—which has been pounding at these stocks for three to four years—is starting to lift because people are starting to realize that if you get through all the negative statements about the industry, the industry is making a staggering amount of money," Bove said.
"There are no banks in the United States that will be selling at discounts to book value six to 12 months from now."