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Homefast moneyDick Bove bullish on banks after stress tests

Dick Bove bullish on banks after stress tests

Financial stocks have room to double from current levels, Dick Bove said Thursday on CNBC.

"I think the first thing that should be understood is that the industry is at all-time record earnings," the Rafferty Capital Markets bank analyst said on "Fast Money."

"Secondly, the balance sheets of these companies couldn't be better. They've got more capital as a percentage of assets than they've had going back to 1938. They have more liquidity on their balance [sheets], which is at 40-year highs," Bove added.

(Read more: Dick Bove sees recession , 7 percent rate … in a few years)

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