Archive for bac ratings cut
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Morgan Stanley cut its rating on Bank of America Corp (BAC.N: Quote, Profile, Research), and lowered its 2008 earnings view for large-cap U.S. banks saying the banks may have to raise additional $51 billion in capital and record further loan losses.
Analyst Betsy Graseck downgraded Bank of America to “underweight” from “equal weight” and said the [...]