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It's a perfect environment for banks: Bove

Thursday, 19 Dec 2013 | 11:15 AM ET

Dick Bove, Rafferty Capital vice president of equity research, discusses the big lift banks received from the Fed's taper call and how it will impact financials in 2014. Bove says in 2014 banks will earn $50 billion net-after- tax and set an all-time record.