noted bank analysts

  • 14 Dec 2012 at 2:36 PM

Nobody Puts Dick Bové In A Corner

Noted bank analyst Dick Bove is planning to submit his resignation from Rochdale Securities LLC on Monday, according to a person familiar with his plans. Mr. Bove has remained at Stamford, Conn.-based Rochdale as it has searched for a rescue since Oct. 25, when a trade in shares of Apple left it in what President Daniel Crowley called a “negative capital position.” […] Mr. Bove has been unable to publish stock research since the errant trade, because Rochdale’s cash shortfall has prevented the firm from trading securities or issuing analysis. [WSJ, earlier]