This is why you can't blame Millennials for low homeownership rates

Pending home sales drop for the first time in 2015

May level down 1.8% on low inventory, escalating prices

Bill to kill $3M raises for Fannie, Freddie CEOs gains momentum

Rep. Ed Royce-sponsored bill now has bipartisan support
W S
Lending / The Ticker

Bove lowers JPMorgan's rating

Blames McCarthyesque regulations

Stock tickers
/ Print / Reprints /
| Share More
/ Text Size+

Dick Bove, vice president at Rafferty Capital Markets, was not far off in his prediction about JPMorgan Chase’s (JPM) current situation and lowered his rating of the mega bank, blaming excessive government regulation.

"The attack against JPMorgan brings to the forefront another key issue that I have been arguing—i.e., banking regulators are pushing U.S. business away from this country to foreigners," Bove wrote in a research note. 

Bove charged that regulators are actively harming the ability of U.S. banks to compete. "They are attacking the jobs of banking workers and the wealth of the American people," he wrote, calling regulation "totally out-of-control."

Source: CNBC
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus