Posts Tagged ‘buying banks can be very risky’

Is It Ok To Buy Banks?

Written by Michael on . Posted in Business News

Dick Bove, one of the prominent advocates for bank stocks believes that buying banks can be very risky. He thinks that the investors are getting a little too enthusiastic about banks and that is worrying. The financial sector companies have shown a growth and rise in their earnings, but, not all profits are created equally. Banks have shown good profits in areas like sales of assets and accounting changes, but these are non-core assets. As for the core areas, the results are not too impressive. The regulatory environment is not so promising for these bread-and-butter banks.

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