Large regional banks are filling a void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst Dick Bove said. Firms in the middle tier of banking , think US Bancorp [ USB   31.085   0.045 ( 0.14%) ], PNC [ PNC   62.49   +0.29 (+0.47%) ] and Capital One [ COF   51.45   0.27 ( 0.52%) ], for instance , are growing their key commercial and industrial lending portfolios while their competitors have had to pull back their activities, according to an analysis from the widely followed Rochdale Securities vice president of equity research."The relative growth of the big regionals appears to be due to the fact that the big universals are dealing with multiple other issues that are slowing their ability to compete. In fact, many of these banks have simply pulled back from key lending businesses," Bove said in a note to clients. "The community banks have simply been weighed down by regulations that are driving them out of the business 
Share:  <span class="sent">Large regional banks are filling a void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst <span class="analyst">Dick Bove</span> said.</span> Firms in the middle tier of banking , think US Bancorp [ <span class="company">USB</span>   31.085   0.045 ( 0.14%) ], PNC [ PNC   62.49   +0.29 (+0.47%) ] and Capital One [ COF   51.45   0.27 ( 0.52%) ], for instance , are growing their key commercial and industrial lending portfolios while their competitors have had to pull back their activities, according to an analysis from the widely followed Rochdale Securities vice president of equity research."The relative growth of the big regionals appears to be due to the fact that the big universals are dealing with multiple other issues that are slowing their ability to compete. In fact, many of these banks have simply pulled back from key lending businesses," Bove said in a note to clients. "The community banks have simply been weighed down by regulations that are driving them out of the business....<span class="sent">Large regional banks are filling a void created by the biggest institutions' regulatory burdens and the competitive disadvantage of smaller companies, analyst <span class="analyst">Dick Bove</span> said.</span> Firms in the middle tier of banking , think US Bancorp [ <span class="company">USB</span>   31.085   0.045 ( 0.14%) ], PNC [ PNC   62.49   +0.29 (+0.47%) ] and Capital One [ COF   51.45   0.27 ( 0.52%) ], for instance , are growing their key commercial and industrial lending portfolios while their competitors have had to pull back their activities, according to an analysis from the widely followed Rochdale Securities vice president of equity research."The relative growth of the big regionals appears to be due to the fact that the big universals are dealing with multiple other issues that are slowing their ability to compete. In fact, many of these banks have simply pulled back from key lending businesses," Bove said in a note to clients. "The community banks have simply been weighed down by regulations that are driving them out of the business. Tweet this   read full story

JPMorgan is one of the best banks in the United States and one of the best managements in the industry, and one trading error will not change that, Richard Bove, vice president of Equity Research, Financial Sector at Rochdale Securities told CNBC's "Worldwide Exchange." "There are only five companies in the United States that made more money than JPMorgan last year so to assume that this staggeringly successful, profitable company might now be in trouble is a farce," Bove said 
Share:  <span class="sent"><span class="company">JPMorgan</span> is one of the best banks in the United States and one of the best managements in the industry, and one trading error will not change that, <span class="analyst">Richard Bove</span>, vice president of Equity Research, Financial Sector at Rochdale Securities told CNBC's "Worldwide Exchange."</span> "There are only five companies in the United States that made more money than <span class="company">JPMorgan</span> last year so to assume that this staggeringly successful, profitable company might now be in trouble is a farce," Bove said....<span class="sent"><span class="company">JPMorgan</span> is one of the best banks in the United States and one of the best managements in the industry, and one trading error will not change that, <span class="analyst">Richard Bove</span>, vice president of Equity Research, Financial Sector at Rochdale Securities told CNBC's "Worldwide Exchange."</span> "There are only five companies in the United States that made more money than <span class="company">JPMorgan</span> last year so to assume that this staggeringly successful, profitable company might now be in trouble is a farce," Bove said. Tweet this   read full story

Consolidation in the wealth management industry has been a major theme in the banking sector since the 2008 financial crisis, as an increase in costs and regulation forces players to sell off the units that serve the rich. "Bank of America is selling because it is shrinking the company. This must be its first priority," said Richard Bove, a banking analyst at Rochdale Securities in Lutz, Florida. "There are likely to be multiple buyers at a relatively low price.". Bank of America has lagged peers in recovering from the financial crisis, largely because of huge losses and lawsuits tied to its 2008 acquisition of subprime mortgage lender Countrywide Financial 
Share:  Consolidation in the wealth management industry has been a major theme in the banking sector since the 2008 financial crisis, as an increase in costs and regulation forces players to sell off the units that serve the rich.<span class="sent"> "<span class="company">Bank of America</span> is selling because it is shrinking the company. This must be its first priority," said <span class="analyst">Richard Bove</span>, a banking analyst at Rochdale Securities in Lutz, Florida.</span> "There are likely to be multiple buyers at a relatively low price.". <span class="company">Bank of America</span> has lagged peers in recovering from the financial crisis, largely because of huge losses and lawsuits tied to its 2008 acquisition of subprime mortgage lender Countrywide Financial....Consolidation in the wealth management industry has been a major theme in the banking sector since the 2008 financial crisis, as an increase in costs and regulation forces players to sell off the units that serve the rich.<span class="sent"> "<span class="company">Bank of America</span> is selling because it is shrinking the company. This must be its first priority," said <span class="analyst">Richard Bove</span>, a banking analyst at Rochdale Securities in Lutz, Florida.</span> "There are likely to be multiple buyers at a relatively low price.". <span class="company">Bank of America</span> has lagged peers in recovering from the financial crisis, largely because of huge losses and lawsuits tied to its 2008 acquisition of subprime mortgage lender Countrywide Financial. Tweet this   read full story