Bank of America lowers forecasts and price targets for the too-big-to-fail bank stocks, citing...

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

Bank of America lowers forecasts and price targets for the too-big-to-fail bank stocks, citing "magnified seasonal decline due to heightened volatility, which has been particularly difficult to manage following S&P U.S. debt downgrade." Banks (XLF +2%) moving higher in early trade: BAC +8.2%, JPM +2.3%, C +3.2%, GS +2.2%, MS +2.3%.