41 Quotes by Richard Bove

This problem doesn't exist to the same degree at the other major brokerage firms because they haven't lost top people like Morgan Stanley has.

Mr. Oken may have lost some credibility with analysts when the bank's net interest margin dropped dramatically,

PNC has a major home run here. I don't see a downside.

Ninety percent of a retail bank's primary business is lending money on residential real estate, and that cycle is over.

But that cycle is over. The banks are going to get squeezed.

Imagine the doctor who built an office next to a Ford factory. If the workers lose their jobs and those benefit plans disappear, this doctor isn't going to be able to afford his office.

From 1965 to 1982, the yield curve in this country was inverted 47 percent of the time, yet bank earnings averaged a more rapid increase than non-bank earnings. Bank stocks also outperformed the S&P 500, on average, over that period.

I wouldn't own any bank stocks in the Midwest. They're exposed to the problems of the auto industry and the Ford layoffs today are just the latest example.

I think it's clear that the banks that are more tied to the retail sector are going to have a much tougher quarter compared to those with diversified positions. The banks in the retail sector have to deal with interest rate compression, loan volume will be tougher, and they don't have the trading or investment banking that are hot now.