joining me is distinguished, noted bank analyst dick bove. dick, as always, great to see you. me just ask you, first of all, this stress test. is it credible? i mean, will we learn what we need to learn? are they going to tell us about individual boppings? what's your take on this? >> well, it's definitely credible. i think that the stress -- you know, indicators which were just discussed will show you that the fed has set up a depression scenario for the banks and has said to the banks. show us how you're going to do in this depression scenario. so it's going to be credible. it should be somewhat of a feel-good exercise, also, in the sense that i think that every bank in the united states will pass the stress test and that most banks of the united states will increase their dividends. but inside the stress test, i think is a horror show. and the horror show is if you tell the banks that you've got to develop your capital plans based upon a depression outlook, what you're doing is you're forcing the banks to pull back from the private sector and putting money into the governme

pleasure. >> up next, influential financial analyst, dick bove.ose stress test results and what it means for his company. squawk box is coming right back. optionsxpress, where you can trade your favorite products, all in one account. keep watch on the markets. or use our exclusive tools to help find ideas. it's powerful, easy-to-use technology for trading stocks, options, and futures. keep trading whether you're at home, in the office, or on the go. optionsxpress, the broker smart traders deserve. open an account today at optionsxpress.com. if you wanted to say what was the biggest single gift in the banking industry in the last 12 months, it was the disaster in europe because european banks pulled out of this country. they left their clients to the american banks and the american banks have been driving them up. when you talk to jim roy, you ask him how many clients has he picked up as a result of europe pulling away. how many loans has he picked up because europe has pulled away? basically, we're in a 30-year time period in which clients are mov

dick bove upped his price target to 27 on the stock.y significant upside on the percentage basis. >> they had a big week last week, though. the financia