Dick Bove, the bank analyst whose brokerage, Rochdale Securities LLC, is struggling to survive after an unauthorized $1 billion Apple Inc. trade, said he’s been interviewing for a new job. Bove said he has narrowed his choice to three firms, which he declined to name, and will make a decision by about Dec. 15. The 71-year-old analyst said he’s giving Daniel Crowley, Rochdale’s chief executive officer, time to seek rescue financing after a loss on the Apple trade decimated the firm’s capital. “I indicated to them that my loyalty is with Dan Crowley and so I couldn’t make a decision until Dan threw in the towel,” Bove said today in a telephone interview. “The decision I make is really based on whether I want to stay with a small firm and write what I’m going to call provocative research or whether I want to go back in the general Wall Street milieu, dealing with corporate finance issues.” [Bloomberg]

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Comments (17)

  1. Posted by Guest | December 7, 2012 at 3:43 PM

    Well we know one thing, his decision will be devastating for two firms.

  2. Posted by guest | December 7, 2012 at 3:50 PM

    I hear he's taking his talents to South Beach.

  3. Posted by Sean | December 7, 2012 at 4:07 PM

    Is he taking the Giraffe?

  4. Posted by Big Dick Bovay | December 7, 2012 at 4:20 PM


    I've got buys on BOA, C, MS and every one else through early December.

  5. Posted by Lowly Assistant | December 7, 2012 at 4:20 PM

    If my giraffe were as fat as William Taft,
    Why, I would be a lucky fellow.
    And if my life was as ugly as my wife,
    I would likely give up analysis and eat jello.
    But then the girl just leered and stared at my beard
    While I jotted some numbers down.
    Powerball 6 is surely a miss,
    So I won't play at all and just frown.
    And in my old age after performing on stage,
    Investors look up to me.
    But my extra wide monitor no longer has power,
    So I must pack up my box and go.

    -Sad Dick Bove

  6. Posted by BeLron | December 7, 2012 at 4:26 PM

    I've found that a particularly good strategy is to hold a TV special to announce which of the three you've chosen. You should try it.

  7. Posted by Miami vays | December 7, 2012 at 4:26 PM

    he already lives there

  8. Posted by The Giraffe | December 7, 2012 at 4:44 PM

    Fuck that, I'm going buyside, I'm over this shit and looking to get paid bitches!

  9. Posted by Guest | December 7, 2012 at 5:04 PM

    71 years old and still an analyst? How did his career go so wrong?

  10. Posted by E. L. James | December 7, 2012 at 5:04 PM

    "and write what I’m going to call provocative research"

    Go on….

  11. Posted by Meredith | December 7, 2012 at 5:09 PM

    Milieu is fine. But, if u want provocative milfieu, feel free to give me a call

  12. Posted by Mexi_Cant | December 7, 2012 at 5:21 PM

    MBA > CFA.

  13. Posted by dream is dead | December 7, 2012 at 5:38 PM

    Turn on the news. Buyside is getting closer to endgame too.

  14. Posted by guest | December 10, 2012 at 12:08 AM


  15. Posted by Guest | December 10, 2012 at 2:38 AM


  16. Posted by nachocheese | December 10, 2012 at 7:53 AM

    Stay thirsty, my friends…

  17. Posted by Jerry M. | December 10, 2012 at 10:15 AM

    Yes, and the fish. You can call him sentimental.