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Bove vs. Whitney, Mayo

April 14, 2009 — 2:12pm ET | By Jim Kim

Richard Bove, a media fixture these days, has turned much more bullish on the banking sector than some of his bigger-name peers. Compared to the likes of the more pessimistic Meredith Whitney and Mike Mayo, Bove believes that loan loss reserves will not have to be hiked nearly as much by big banks, according to CNBC. 

In addition, he's not betting on another higher-than-expected wave of write downs on toxic assets. He also notes that big banks are acquiring more deposits at very low cost. For now, he's especially bullish on Wells Fargo, JPMorgan Chase and Goldman Sachs. 

For more:
- here's the CNBC article

Related Articles:
Richard Bove bullish on Bank of America
Bove switches call on top banks
Bove says Citi fears are overblown

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Comments

By Nuggetman | Posted 9:02pm | April 20, 2009

Isn't this the same Dick Bove that told his clients to buy Lehman a few days before they filed for Chapter 11? Consider the source, just another CNBC Cheerleader!!

By nutsmen | Posted 2:20pm | April 21, 2009

is mayo still around? BOVE CALLED BANK OF AMERICA THE BEST BUY EVER WHEN IT WAS AT $3.00 JUST A MONTH AGO.
IF NUGGETMAN WOULD HAVE BOUGHT HE COULD HAVE SOLD AT $11.50. IF HE WASN'T A HOG AND MADE ALL OF HIS LEHMAN MONEY BACK. IF SMART HE WOULD HAVE GOT BACK IN AT $7.15 FOR THE NEW RUN UP TO $14.00 CALLED BY BOVE.LIVE IN THE PRESENT AND DO YOUR HOME WORK DON'T RELY ON PROFESSIONALS LIKE MAYO.
GOOD LUCK AND DON'T BELIEVE EVERYTHING PRINTED AS THESE PAGES WILL PRINT ANYTHING.

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