Dick Bove loves Goldman Sachs and Citigroup
Submitted by WSN_Staff on Thu, 10/15/2009 - 13:55.
Rochdale Securities Banking Analyst Richard Bove said today on CNBC that Goldman Sachs (NYSE:GS) is the best-mangaged firm in the financial sector and Citigroup Inc. (NYSE:C) stock is the cheapest. Citi shares are down 6% and trading in the mid $4 range.
(CNBC.com) Citigroup (C) the potential to reach $20 a share, and if so the stock can triple in two to three years, Bove told “Squawk Box.”
“That’s more than Goldman Sachs (GS) will give (to investors), although they are a much better company,” he said.
Bove also criticized those investors selling Goldman shares after its third-quarter earnings results. The company easily beat estimates, but the stock fell before hours, with many traders hoping for even better numbers given JPMorgan Chase’s (JPM) strong capital markets results out Wednesday.
Keep Reading and Watch the Interview with Bove at CNBC.com - Click Here>>
SOURCE: http://www.cnbc.com/id/33324483
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