Big bank analyst Dick Bove has an eye on a man, and that special person is Brian Moynihan of Bank of America. Fresh off questioning the numbers and analysis in a recent Wall Street Journal article that shows Bank of America and Citigroup trading at a discount to their “cash values,” Bove said if he had to select one bank in which to invest it would be Bank of America. Speaking and writing on CNBC, Bove notes that the cost of operations at Bank of America have been dramatically reduced under Moynihan’s term. Costs have been cut and with the bank’s stock trading…
Dick Bove Likes Brian Moynihan And BAML Stock
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.