Morgan Stanley slashed EPS forecasts for large U.S. banks and downgraded their shares, including...

|By:, SA News Editor

Morgan Stanley slashed EPS forecasts for large U.S. banks and downgraded their shares, including BAC, BBT, C, FITB, PNC, STI, USB, WB and WFC. Says it's still "too early in the credit cycle to make a valuation call."