- April 3 is officially bank downgrade day, with the latest being U.S. Bancorp (USB) being removed from Goldman's Conviction Buy list. It's the 2nd downgrade in 2 days for USB which had its Buy rating pulled at Sandler O'Neill yesterday.
- Shares -1.3% premarket
- Q1 earnings seasons starts soon and the outlook is for sluggish results, so it shouldn't be too surprising the sell-side is cashing in a few chips.
- Earlier: Citi downgraded at Sterne Agee and Deutsche cut at JPMorgan.
From other sites
at CNBC.com (Jun 9, 2015)
Video at CNBC.com (Jun 9, 2015)
at CNBC.com (Dec 5, 2014)
at CNBC.com (Nov 13, 2014)
at CNBC.com (Nov 11, 2014)
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