Financial Downgrades (BAC, BBT, CLMS, CMA, FITB, BEN, STI, VLY)

Posted: September 10, 2008 at 6:33 am

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There were more downgrades in financial stocks, but these were the larger names that saw estimates or ratings cut by analysts this morning:

  • Bank of America (BAC) Cut to Underperform at KBW.
  • BB&T (BBT) Cut to Underperform at KBW.
  • Calamos Asset Management (CLMS) Cut to Sell at Goldman Sachs.
  • Comerica (CMA) Cut to Market Perform at KBW.
  • Fifth Third Bancorp (FITB) Cut to Market Perform at KBW.
  • Franklin Resources (BEN) Cut to Neutral at Goldman Sachs.
  • Suntrust Banks (STI) Cut to Underperform at KBW.
  • Valley National Bancorp (VLY) Cut to Underperform at KBW.

Jon C. Ogg
September 10, 2008

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