Dick Bove: Buy Banks, Avoid Brokers

Includes: BSC, JPM
by: Barry Ritholtz

"Bove Says Bear (NYSE:BSC) Holder Lewis Won't Find Alternative Deal."

Interesting interview with Dick Bove, the Punk Ziegel analysts who has been so dead right about the banks and brokers this past year:

Richard Bove, an analyst at Punk Ziegel & Co., talks with Bloomberg's Carol Massar and Julie Hyman about the outlook for financial markets, brokerage and bank earnings, and the possibility that Bear Stearns Cos. shareholder Joseph Lewis may push the company to consider alternatives to the $339 million buyout offer from JPMorgan Chase & Co. (NYSE:JPM).