Dick Bove says U.S. banks' stocks may fall another 10%-12% to reflect market fears about...

|By:, SA News Editor

Dick Bove says U.S. banks' stocks may fall another 10%-12% to reflect market fears about European debt and new regulations which he says will lower the earnings capacity of the industry by 25%. However, he believes bank stocks are still "very attractive" investments and would "grow in multiples, not percentages."