With the announcement on Thursday that Goldman Sachs ( GS) will pay a record $550 million to settle with the Securities and Exchange Commission on civil claims that it misled investors, financials analyst Dick Bove said that the company's stock is a buy. "I think that Goldman Sachs is one of the best companies ever created in the United States," Bove, an analyst at Rochdale Securities, said on CNBC. "It really understands its businesses and that it operates them properly," he said. "And if you believe that money supply over time constantly goes higher -- and money of course is the raw material of this company -- then you have a company whose raw material continues to grow, who handles that raw material better than any other company in the world, who ultimately is going to benefit by the expansion of the world financial system. Why wouldn't you want to own that stock?"
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