Dick Bove Says Goldman Sachs (GS) Should Look at MF Global (MF)
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Price: $1,039.42 -0.31%
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Shares of Goldman Sachs (NYSE: GS) are ticking higher with the broader stock market over the last 15 minutes of trade. The stock is now up 4 percent to $104.47.
Possibly adding to upside, Rochdale's noted banking analyst Dick Bove is suggesting the bank could benefit from buying a chuck or all of MF Global (NYSE: MF).
Shares of MF have been crushed over the last two trading sessions, down 25 percent Wednesday and nearly 48 percent on Tuesday amid an unexpected Q2 loss and now rumors the company is seeking strategic alternatives.
"One might argue that Goldman is over capitalized and that it has too much liquidity. Buying some or all of MF Global might create the opportunity to make a windfall profit," the analyst said in a note from this afternoon.
Bove maintains a Buy rating and $115 price target on shares of Goldman Sachs.
Possibly adding to upside, Rochdale's noted banking analyst Dick Bove is suggesting the bank could benefit from buying a chuck or all of MF Global (NYSE: MF).
Shares of MF have been crushed over the last two trading sessions, down 25 percent Wednesday and nearly 48 percent on Tuesday amid an unexpected Q2 loss and now rumors the company is seeking strategic alternatives.
"One might argue that Goldman is over capitalized and that it has too much liquidity. Buying some or all of MF Global might create the opportunity to make a windfall profit," the analyst said in a note from this afternoon.
Bove maintains a Buy rating and $115 price target on shares of Goldman Sachs.
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