Richard X. Bove is an equity research analyst at Rafferty Capital Markets and the author of "Guardians of Prosperity: Why America Needs Big Banks" (2013).
After Wells Fargo pledges to eliminate sales goals for retail bankers, other big banks may need to do the same.
Richard Bove, Rafferty Capital Markets Vice President of Equity Research, discusses his downgrade of Wells Fargo following the news that the bank has been fined $185 million for wrongly opening customer accounts.
Cheaper money means the opportunity for more deals, bigger dividends and additional buybacks.
Wall Street's biggest financials may post better results than expected this earnings season, as banks like JPMorgan Chase attempt to ramp up loans sales.
Dick Bove, Rafferty Capital, discusses the Brexit effect on the U.S. banking industry.