Sterne Agee sees bank stocks generally recouping about half this year’s losses, but cuts...

|By:, SA News Editor

Sterne Agee sees bank stocks generally recouping about half this year’s losses, but cuts JPMorgan Chase (JPM -0.6%) to Neutral from Buy, citing “our increasingly more cautious view on capital redeployment, the slowing global economy, and ongoing structural changes affecting both capital markets and consumer banking.”