More bank downgrades ahead of Q1 results


Add another to list of banks being downgraded in the wake of mostly conservative capital returns, and just ahead of what are expected to be sluggish Q1 earnings reports:  BB&T (BBT -0.5%) is cut to Outperform from Strong Buy at Raymond James.

Previously: U.S. Bancorp pulled from Conviction Buy list at Goldman, and Citi and Deutsche also receive downgrades.

KBE -0.4%, KRE -0.6%

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Comments (2)
  • vireoman
    , contributor
    Comments (1202) | Send Message
     
    ....."cut to Outperform from Strong Buy." One of my favorites.
    3 Apr 2014, 03:51 PM Reply Like
  • sethmcs
    , contributor
    Comments (3534) | Send Message
     
    Moral of the story... Flat yield curve does banks no favors.
    3 Apr 2014, 05:23 PM Reply Like
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