CFRA Downgrades Bank of America and Citigroup to Hold Amid Sector Caution

Research firm CFRA downgraded both Bank of America (BAC) and Citigroup (C) from Buy to Hold on May 19, citing stretched valuations and a softer outlook for net interest income. The move reflects broader caution in the banking sector rather than underperformance by individual banks.

By Peace Longe · TheStreet · May 22, 2026, 15:33 UTC

Tickers: $BAC $C

Topics: bank stocks CFRA ratings downgrade

Read the full article at TheStreet

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