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Citi To Sell Private-Equity Unit For Over $900 Million (C)
Thursday, July 8, 2010 - 9:10am | 140Read More...PE Hub reported yesterday that Citigroup Inc. (NYSE: C) has agreed to sell its private-equity unit to Lexington Partners for more than $900 million; multiple sources were cited. The report also noted that StepStone Group would provide management services for the unit. Dick Bove, of Rochdale...
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Bove Believes Citi Is A Bargain; May Reach $8.50 In a Couple Of Years
Wednesday, July 7, 2010 - 12:28pm | 293Read More...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...
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Bove: “I Would Be Buying Bank Stocks This Morning”
Friday, June 25, 2010 - 9:12am | 326Read More...Now that a final agreement has been reached regarding financial reform, it is time to shift through the rubble to see who comes out ahead and who takes it on the chin. Banking analyst at Rochdale Securities, Dick Bove, believes that the financial reform bill will likely hurt consumers more than...
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Bove: JP Morgan Especially Vulnerable (JPM)
Tuesday, June 8, 2010 - 6:31pm | 158Read More...See Some of the Top Moving Indexes Here. Rochdale Financial Securities analyst Dick Bove said coming government regulation poses a threat to JP Morgan's (NYSE: JPM) future profitability because of the bank's large derivative investments. Bove slashed his price target to $44 from $55, but kept a "...
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Bove: Citi Stock Seriously Undervalued (C)
Wednesday, June 2, 2010 - 1:49pm | 178Read More...Rochdale Securities banking analyst Dick Bove said in a research note today that Citigroup (NYSE: C) stock is "seriously undervalued." He says a government selloff in its holdings and promising restructuring plans have not been fully realized in its tangible book value. Bove reiterated his "buy"...
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Goldman Sachs May Touch $200: Analyst Tells CNBC (GS)
Thursday, April 29, 2010 - 7:08am | 117Read More...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...
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Bove Feels It Is Time To Buy Goldman
Wednesday, April 28, 2010 - 11:50am | 264Read More...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...
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Goldman A $200 Stock: Bove (GS)
Wednesday, April 28, 2010 - 8:45am | 166Read More...Rochdale Securities banking analyst Richard Bove told CNBC Wednesday morning that Goldman Sachs (NYSE: GS) is a $200 stock and that investors should own it. Bove's thesis is simple: Goldman's problems are over after Tuesday's marathon Senate hearings and the stock is set to rise because the SEC...
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Dick Bove Talks To Fast Money Traders About Citigroup Upgrade (C)
Monday, March 22, 2010 - 5:49pm | 159Read More...Tonight on Fast Money, noted Rochdale Securities analyst Dick Bove called in to talk about his upgrade of Citigroup (NSYE:C) today. This morning, Bove released a note upgrading the stock to Buy and raising his price target to $5. The analyst said that no other bank in the world operates in as many...
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Dick Bove Bullish On Citi Again
Thursday, March 11, 2010 - 12:57pm | 53Read More...Bloomberg's Margaret Brennan spoke with Rochdale Securities' analyst Dick Bove regarding Citi (NYSE: C). Bove said once the government gets through selling its Citi shares, Citi should sell for 12 times earnings, which would equate to approximately $8.25 to $8.50. Bove said C is potential double...
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Markets May Crash: JPMorgan (JPM) At Risk
Tuesday, January 26, 2010 - 9:29am | 334Read More...Amidst the growing political uncertainty, many analysts are fearing the emergence of another bear market. However, Dick Bove, financial strategist at Rochdale Securities, has some even worse premonitions. Talking with CNBC, he said that American government policies may create a full-blown market...
