Richard Bove (of Rochdale Research, formerly of Ladeburg Thalmann), in the Wall Street Journal on Monday:

In restarting his coverage of Bank of America Corp. (BAC), he called the economy’s bottom. (Bove, like Mayo, recently changed firms.) “My belief is that the economy has turned,” Bove said in a note to investors. He said Bank of America’s stock price will ultimately “return to its all-time highs.”  

On Wednesday, Oppenheimer’s Chris Kotowski, Benjamin Chittanden and Kaimon Chung:

We are lowering our 2010 earnings estimate substantially from $1.85 per share to $0.95, primarily to reflect a new assumption that the company will have to raise an additional common equity in the amount of $36.6 billion, or 2.24% of risk weighted assets at current market prices. An equity raise of this magnitude would bring the company’s tangible common equity to risk weighted assets ratio (TCE/RWA) to 6.0%, roughly in line with the 6.3% average for the top 25 bank holding companieRelated links:
The return of the IB capital call - FT Alphaville
Richard Bove ♥ banks - FT Alphaville

This entry was posted by Tracy Alloway on Wednesday, April 8th, 2009 at 16:45 and is filed under Capital markets, People. Tagged with bank of america, capitalisation, Meredith Whitney, Oppenheimer, Richard Bove. Edit this entry.