Warning over bank stocks after downgrade

Comments (0) | 10 Aug 2011 | Rating | Print by Tim Human

Report from Bank of America Merrill Lynch says investors should steer clear of banking stocks in response to downgrade

Banking stocks should be avoided following the downgrade to US debt by Standard & Poor’s, according to a new report from Bank of America Merrill Lynch (BofAML).

The report, which offers BofAML’s house view in the wake of last Friday’s downgrade, says the bank wants to steer clear ...

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