CFRA Downgrades Bank of America and Citigroup Stock Ratings
Research firm CFRA downgraded both Bank of America (BAC) and Citigroup (C) from Buy to Hold, 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.
Topics: Bank of America (BAC) bank stocks CFRA downgrade Citigroup (C)