Tuesday, October 19, 2010

Bove Sees Citigroup Shares Doubling in `Couple of Years' (C)

A damn good bank analyst.
From Bloomberg:
Richard Bove, an analyst at Rochdale Securities, talks with Bloomberg's Lisa Murphy about Citigroup Inc.'s third-quarter results and the outlook for the bank, which is 12 percent-owned by U.S. taxpayers.
Citi said said profit surged, beating analysts estimates as the company reduced loan-loss reserves by $1.99 billion. Net income was $2.17 billion or 7 cents a share....VIDEO (05:08)
Bloomberg also had some smart reporting in:
Citigroup Shares Rise as Pandit Sees Return of Capital by 2012