Dick Bove Pounds the Table on Morgan Stanley (MS)
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Price: $160.27 -1.4%
Rating Summary:
19 Buy, 20 Hold, 2 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
19 Buy, 20 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Bank analyst Dick Bove was out pounding the table on Morgan Stanley (NYSE: MS) Monday. On Bloomberg TV, Bove said Morgan Stanley should be "bought aggressively, and bought now."
Bove sees considerable momentum ahead for financial/bank stocks, citing their earnings power and the cyclical nature of the group.
"The cycle is moving in the right direction for them so just about everything that could go right for these companies is going right at the present time," Bove said.
Buying Morgan Stanley could make you big money, Bove contends.
"I think Morgan Stanley will allow you to buy that house on the coast of Spain. I think that stock is so cheap right now, it's overwhelming. It should be bought and bought very aggressively, right now."
Video:
Bove sees considerable momentum ahead for financial/bank stocks, citing their earnings power and the cyclical nature of the group.
"The cycle is moving in the right direction for them so just about everything that could go right for these companies is going right at the present time," Bove said.
Buying Morgan Stanley could make you big money, Bove contends.
"I think Morgan Stanley will allow you to buy that house on the coast of Spain. I think that stock is so cheap right now, it's overwhelming. It should be bought and bought very aggressively, right now."
Video:
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