Bank of America is downgraded to Hold from Buy at Credit Suisse which says the share valuation...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America is downgraded to Hold from Buy at Credit Suisse which says the share valuation has gotten ahead of itself. Downgrades on BofA were popular until early last year. From what we can find, today's lowered rating is the first since last April. BAC -0.8% premarket.