Richard Bove Quotes

It is quite possible that Wal-Mart could, at some point, follow a similar course by simply opening a thousand bank branches in its stores and then challenging Congress to close them down. We think Wal-Mart will do this and that Congress will back down.

- Richard Bove

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The likelihood is that they would close offices and would get rid of a lot of people. They see (personal advisers) as a very expensive way to do business. - Richard Bove

It's a significant amount of stock coming to market. But it's a pretty liquid stock and they've been buying back shares over time. We don't think the impact will be that significant over the long run. - Richard Bove

This problem doesn't exist to the same degree at the other major brokerage firms because they haven't lost top people like Morgan Stanley has. - Richard Bove