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.
More Quotes from Richard Bove:
I think they Citi's new management are actually turning this monster around.Richard Bove
If you look at volume on the New York Stock Exchange and the Nasdaq over the last five years, there's been no real increase in the number of shares traded. In addition, proprietary trading has gone from 19 percent to 52 percent of that total. So you're seeing more competition for fewer individual trades.
Richard Bove
This transaction, if it occurs, would be a major plus for the company.
Richard Bove
People got all upset because they don't like to see people they know getting pushed out, and they don't know the new people coming in, ... But this company has been underperforming for some time. Significant change is needed.
Richard Bove
The industry is out there building branches at an extremely active clip -- a new one is slated to open every 2-12 hours until the end of 2005. Bank margins will have to come back down to support the increased cost of running all those branches.
Richard Bove
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To thine own self be true, and it must follow, as the night the day, thou canst not then be false to any man.
William Shakespeare
I'd rather be strongly wrong than weakly right.
Tallulah Bankhead