Analyst Richard Bove on the Move

• ByTSC Staff,
• On 11:41 am EST, Tuesday February 17, 2009

Analyst Richard Bove, the colorful bank and financial services analyst known for his blunt assessments of the state of the companies he covers, is joining Rochdale Securities in Stamford, Conn.

Bove comes to Rochdale less than a year after Ladenburg Thalmann Financial Services bought his old firm, Punk Ziegel. His candor and accessibility to the media have made him a frequently quoted source in the financial press.

Rochdale Securities, a privately held institutional brokerage, said in a news release that it has been building its equity research and sales and trading platform in recent months.

"Such a prominent and respected analyst, in a sector so important to the markets these days, is a tremendous addition to Rochdale's growing platform" Rochdale President Dan Crowley said in the statement.

BankAtlantic Bancorp last year sued Bove for defamation and negligence for using the wrong data in a report speculating about the future of several banks following the collapse of IndyMac Bancorp.