Entries tagged "Bove"
A year after analyst Richard Bove identified 24 troubled banks, he may be vindicated by the facts that seven of the 24 have failed, and 15 of the remaining have watched their share prices decline.
While Warren Buffett is charging Goldman Sachs more for his capital than the government is, the Oracle of Omaha's investment doesn't come with political strings attached.
When Florida's BankAtlantic Bancorp sued analyst Richard Bove for defamation a few weeks back, it scored a bit of a PR coup. Though the suit didn't seem to have any real merit, it provided BankAtlantic with an avalanche of media coverage through which it could publicly dispute its inclusion on Bove's now infamous list of possible bank failures. But the downside of the bank's communications strategy became evident earlier this week when it posted its fourth consecutive quarterly loss and announced plans to raise some $55 million in capital. The headline on one story on the news: "Bank that's...
SunTrust Banks Inc. has a cloudy future with its finances in a mess and its survival possibly depending on who acquires the troubled bank. Reuters reports that Ladenburg Thalmann analyst Richard Bove believes the company is a strong takeover candidate and "is now worth more dead than alive."...
