If you own bank stocks, 'you better lighten up,' analyst Dick Bove says

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Hilton Capital Management's Dick Bove cites rising interest rates as a major reason to sell bank stocks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Low rate loans are trundled off leaving high margin in the portfolio. The banks will do fine.

Oh, well if Dick Bove says it I must act immediately. 😂

Very funny (sad actually). Guests on CNBC including DB himself have been flogging banks for over a year. Now, surprise, surprise, it’s time to sell banks. Love it.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dick Bove: The Fed caved in to market and Trump demands because it lacks support for its policiesThe Fed gained its independent status in 1951, almost 40 years after its founding, when it signed an Accord with the Treasury. Prior to that time there was little thought that the institution would be independent. poor Jay Powell ...... its just him & stimpyz1 out there wanting 3 more hikes And they will blame the Fed when inflation jumps back to 5% due to the Fed not having the same degree of credibility. The Fed made a mistake in not communicating properly to the market when raising interest rates while commodity prices were in decline. The Fed deserves greater respect, as they recognized their mistake and took corrective measures.
Source: CNBC - 🏆 12. / 72 Read more »

Dick Bove: Here's why bank stocks are leading the market lower and likely to continue to do soBank capital is under severe pressure because managements are giving away literally hundreds of billions of dollars in stock buybacks and what remains is being eroded by higher interest rates. All of you foolish white men need to stop talking about the fed. The demise of the market is all trump
Source: CNBC - 🏆 12. / 72 Read more »