credit crisis is over ... article

`Crisis Is Over'

Other banks and brokerage firms also advanced after Punk Ziegel & Co. analyst Richard Bove wrote in a research note that ``the financial crisis is over'' and it is a ``once in a generation opportunity to buy.''

Citigroup Inc., the largest U.S. lender by assets, climbed $2.09 to $22.50. Bank of America Corp., the second-biggest, increased $3.30 to $41.86. Goldman Sachs Group Inc., the largest U.S. securities firm, rose $13.14 to $179.63.

Bove advised selling financial shares eight months ago before they extended losses. The Amex Securities Broker/Dealer Index declined 19 percent in the next four months. His recommendation to buy Citigroup in November preceded a 27 percent plunge in the company's shares.

Lehman, Bear

Lehman gained $6.42, or 15 percent, to $48.65 after falling 9.2 percent yesterday and jumping 46 percent the day before. Morgan Stanley added $6.22, or 14 percent, to $49.67. Bear, in the process of being taken over by JPMorgan Chase & Co., climbed 63 cents, or 12 percent, to $5.96.