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’Bove vs Bloomberg
Does Rochdale Research’s Richard X. Bove have a slight axe to grind against Bloomberg or something? We ask the question because his latest note has just landed in our inbox. (H/T Tracy Alloway)
It’s an extraordinary rant about this week’s Bloomberg BusinessWeek editorial:
Dick Bove solves Europe’s debt crisis in 407 words
Diagnosis:
Misusing Savings
Recent statements by some central bankers and interested observers suggest to me that the reality discussed in Rochdale Securities comment entitled Pressure on Bank Stocks Continues dated June 20,
Dick Bove says folks at the Federal Reserve have ‘lost their minds’
Really.
And it’s all because of one little speach by Daniel Tarullo. The Federal Reserve Board governor took to the Peterson Institute stage on Friday to recommend that systemically-important financial institutions (SIFIs) increase their capital ratios by 20 per cent to 100 per cent over their current levels.
Assange backed (in)securities [update]
Until now the Wikileaks swag bag has included little of immediate interest to finance buffs (German reaction to GM’s decision not to sell Opel, anyone?).
But Clusterstock today picked up on a 2009 Computer World interview with wikileaks founder Julian Assange:
Economists against Fed
More QE2 dissent — this time from the back of the classroom.
An open letter to Ben Bernanke via the Wall Street Journal:
We believe the Federal Reserve’s large-scale asset purchase plan (so-called “quantitative easing”) should be reconsidered and discontinued.
Dick Bove on QE2 as a bank-less “financial war with China”
We all know Dick Bove ♥ banks — sometimes to a fault.
But the Rochdale Securities analyst brings up an interesting QE2-related point in his latest note. The Federal Reserve’s first round of quantitative easing,
Mike Mayo’s Citi DTAaaaaaaattaaaaack!
Where oh where, did the Mike Mayo vs Citigroup dispute begin?
The CLSA bank analyst hit headlines last week after Fox Business News revealed Mayo had been “frozen out” by Citi. The reason? None other than Citi’s infamous deferred tax assets (DTAs) :
Cuomo ‘lacks financial acumen, hates banks’, Bove says
In case you were wondering just how much Dick Bove <3 banks and dislikes regulation, the following CNBC piece should make his feelings abundantly clear:
New York Attorney General Andrew Cuomo is the “father of the subprime crisis”
Bove hates new ‘socialism’ for making Citi sell Phibro
Rochdale Securities analyst Richard Bove says a lot of things we don’t agree with, but his angry diatribe on Citi’s decision to sell Phibro — its energy trading arm — to Occidental Petroleum for a rather lacklustre price of $450-500m,
Richard Bove ♥ Gregory Curl in BofA succession
My but Rochdale Securities’ Richard Bove changes his mind quickly.
In a Wednesday note the veteran banking analyst wrote, on the subject of a successor to Bank of America’s Ken Lewis:
A replacement has not been named as yet but it is expected to come from within the company.
Bankers vs ballers, by Bove
Confirming what everyone in the UK — land of the obscenely paid footballer — already knew, veteran banking analyst Richard Bove has authored a piece of research illustrating that bankers do not make as much as those in professional sports.
Richard Bove on a risky Morgan Stanley
Geeze. What does veteran banking analyst Richard ‘Dick’ Bove have against Morgan Stanley?
Judging from his latest note on the bank, for relatively-new employer Rochdale Securities, quite a lot. Emphasis FT Alphaville’s:
Bank of America divides analyst opinions
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 resurfaces…
Is this the first quote from veteran banking analyst Richard Bove at his new gig?
Rochdale Research’s Richard Bove said if the banking industry was nationalized for only 15 minutes, it would be enough time to wipe out the total investment of shareholders in the industry.
Richard Bove ♥ banks
We’re starting to feel a bit sorry for Ladenburg Thalmann banking analyst Richard “I’ve got a problem” Bove.
Here’s a man who, against all odds, loves his banks. In fact, he’s maintained his buy recommendation on Bank of America even after the company posted a $1.79bn fourth-quarter loss.
Richard “I’ve got a problem” Bove
Poor Richard Bove. The veteran Landenburg Thalmann banking analyst has just discovered quantitative easing — though he doesn’t yet know the name for it.
From his Jan. 5th note, simply entitled: “I’ve got a problem.”
Dick Bove pleas on tangible equity
Ladenburg Thalmann banking analyst Richard Bove is a desperate man – from a Dec. 5th note:
If tangible common equity had meaning there would be a way to demonstrate it. I can find no way to do this. Thus,
Tangled tangibles
Ladenburg Thalmann analyst Richard Bove is taking the contrarian view to FBR Capital’s $10 trillion-bailout note yesterday.
Recall, FBR saying that US financials need at least a $1 trillion capital injection to restore confidence to the banking system and improve liquidity.
Bove’s mea culpa on Lehman
We like an analyst who makes a bold call. We also like to hear what they have to say when they get it wrong.
So credit where it’s due – Richard X Bove, the Ladenburg Thalmann bank-watcher who shrieked “Buy Lehman”
The Lehman take-under
As the market awaits an announcement on Lehman’s fate, we must return to Richard X Bove, the Ladenburg Thalmann analyst who has been issuing increasingly hysterical warnings that if Richard Fuld and team did not get their act together,
Banks and the ‘Bove problem’
It’s getting dangerous out there for banking analysts. Now they have to worry about defamation actions from financial institutions.
While some companies, when confronted with negative share activity and analyst commentary,