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Letter "R" » Richard Bove Quotes
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«It's not an international bank. It doesn't have an international reputation. It's not a core business.»
Author: 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.»
Author: Richard Bove
«You have to have scale in this business. By doubling the size of their credit-card business, Bank of America will lower their cost of handling each individual account.»
Author: Richard Bove
«They know everyone. They know what everyone's thinking, and they know where the next deal may lie.»
Author: Richard Bove
«Certainly the people put in as CFO and CEO would be the logical guys to turn to in a succession ... but I think it's ultimately going to be [an outside candidate] that can bring Citibank huge amounts of new revenues and earnings, ... Besides, I guess I'm one of those skeptics that doesn't believe Stanley is going to leave in two years.»
Author: Richard Bove
«Citigroup needed a lot more earnings to hit its estimates and Sandy just found them in a dominant company, ... This will give them a foothold in the United States, which is critical because that's where the money is made.»
Author: Richard Bove
«These brokerages are going to say about the quarter that just ended, 'It never happened,' because basically all of the core businesses you look at were flat or down somewhat, ... Depending on the company and the nature of its earnings base, earnings will be weak to very weak.»
Author: Richard Bove
«The industry is out there building branches at an extremely active clip -- a new one is slated to open every 2-1/2 hours until the end of 2005,»
Author: Richard Bove
«In general, this should be a mixed quarter, ... Clearly, M&A is strong but the IPO market has slowed down, the equity market is weakening and the fixed income market is limping along.»
Author: Richard Bove
«Citigroup needed a lot more earnings to hit its estimates and Sandy just found them in a dominant company. This will give them a foothold in the United States, which is critical because that's where the money is made.»
Author: Richard Bove
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