Deutsche Bank upgraded, BNP cut at JPMorgan


Responding to news on a couple of European lenders, JPMorgan upgrades Deutsche Bank (DB) to Overweight citing the recent capital raise, and downgrades BNP Paribas (BNPZY) to Neutral, citing lower capital returns following the $8.9B U.S. criminal settlement.

Deutsche is up 1% premarket; BNP is lower by 1.3% in Paris action.

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