Morgan Stanley says Obama's proposed ban on bank prop trading would knock up to 5% off Bank of...

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

Morgan Stanley says Obama's proposed ban on bank prop trading would knock up to 5% off Bank of America's (BAC) earnings, far worse than the 2% projected by Citigroup (C) in an earlier report. The analysis also says JPMorgan Chase (JPM) likely would suffer a similar 5% hit. BAC -0.7%, JPM -0.9%.