• Veteran Bank Analyst, DICK BOVE, Upgrades Five Bank Stocks As Interest Rates Forecast to Decline. Banks Are Still In 'Deep Trouble,' And Losing Market Share, BOVE Says

  • Dec 27 2023
  • Length: 7 mins
  • Podcast

Veteran Bank Analyst, DICK BOVE, Upgrades Five Bank Stocks As Interest Rates Forecast to Decline. Banks Are Still In 'Deep Trouble,' And Losing Market Share, BOVE Says

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  • Summary

  • In our final episode of 2023, DICK BOVE, chief financial strategist at ODEON CAPITAL GROUP, explains his rationale for his upgrade of five bank stocks, from Hold to Buy: Bank of America Corp (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), U.S. Bancorp (NYSE:USB), PNC Financial Services (NYSE:PNC), and Truist Financial Corp. (NYSE:TFC).

    It could arguably be the handiwork of the Federal Reserve, which has sent clear signals that the war against inflation is over. After a massive series of rate hikes, the next step is the other direction, rate cuts, a move which factors into BOVE'S latest outlook for bank stocks.

    Questions & Comments: Podcast@odeoncap.com
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