Analyst Bove Says Holding JPMorgan Stock Is 'Dead Money'

Richard Bove, an analyst at Ladenburg Thalmann & Co., talks with Bloomberg's Matt Miller and Margaret Popper from Tampa, Florida, about Bove's decision to cut his 2008 earnings estimate for JPMorgan Chase & Co. to $2.23 a share from $2.46, the bank's business model and Bove's price target of $39 for JPMorgan stock. (Source: Bloomberg)

Bloomberg | August 12, 2008