Banking, finance, and taxes
Financial Downgrades (BAC, BBT, CLMS, CMA, FITB, BEN, STI, VLY)
Published:
There were more downgrades in financial stocks, but these were the larger names that saw estimates or ratings cut by analysts this morning:
- Bank of America (BAC) Cut to Underperform at KBW.
- BB&T (BBT) Cut to Underperform at KBW.
- Calamos Asset Management (CLMS) Cut to Sell at Goldman Sachs.
- Comerica (CMA) Cut to Market Perform at KBW.
- Fifth Third Bancorp (FITB) Cut to Market Perform at KBW.
- Franklin Resources (BEN) Cut to Neutral at Goldman Sachs.
- Suntrust Banks (STI) Cut to Underperform at KBW.
- Valley National Bancorp (VLY) Cut to Underperform at KBW.
Jon C. Ogg
September 10, 2008
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