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Despite his bullish calls on the bank sector, Dick Bove warns that the summer could prove a...

  • Friday, June 8, 2012, 7:09 PM ET
    Despite his bullish calls on the bank sector, Dick Bove warns that the summer could prove a challenge to investors looking to follow his advice. Bove cautions of a "long hot summer" in which "the fundamentals of the banks would be quite good but the market will not be." The seasonal activity of the Fed is likely to cause the normal seasonal decline in stock prices," he warns, with continuous increases in bank earnings through the summer but no positive movement in bank stocks."
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This news story has 6 comments:

  •  
    Remember when good old Dick was recommending LEH at $12 in August '08? Yeah.
    8 Jun 2012, 07:17 PM Reply Like
  •  
    I remember him hyping the hell out of C when it was around $20, on its way to $2-3 or whatever it ended up dipping to.
    9 Jun 2012, 07:04 AM Reply Like
  •  
    Ahhhh, Dick sits on the fence again. Bank stocks may go up and they may go down. Nice way to earn fees and not tick off your banking clients and contacts. But totally useless investment information.
    8 Jun 2012, 07:21 PM Reply Like
  •  
    Dick Bove gets a lot of airtime and I haven't the slightest idea why.
    8 Jun 2012, 07:27 PM Reply Like
  •  
    not sure how that advise helps anyone.
    8 Jun 2012, 10:51 PM Reply Like
  •  
    "If my bank recommendations end up being 180 degrees wrong, it's really just a seasonal thing, not that I have no clue what I'm talking about or that I'm just a shill for the banks," Bove clarified.

    There. Fixed it for you.
    9 Jun 2012, 07:07 AM Reply Like
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