More on the Bank of America (BAC -2.3%) downgrade: The stock price is discounting a 16% cut in...

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

More on the Bank of America (BAC -2.3%) downgrade: The stock price is discounting a 16% cut in expenses this year, better than the firm expectation of 10%, say the CS analysts, as the MSR sales won't begin impacting costs until 2014. Better values in the big bank sector are C, JPM, and USB.