Meredith Whitney Advisory Upgrades Citigroup (C), BofA (BAC) and Discover (DFS) - CNBC

December 17, 2012 4:18 PM EST
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Price: $57.39 -1.7%

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    18 Buy, 12 Hold, 3 Sell

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    Up: 13 | Down: 22 | New: 54
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Meredith Whitney Advisory upgraded Citigroup (NYSE: C), Bank of America (NYSE: BAC) and Discover (NYSE: DFS), according to CNBC. The ratings on all three were raised from Hold to Buy.

In a research report to clients entitled "Shifting to a Positive Stance on Financials: Upgrading BAC, C, DFS," she said an upcoming catalysts is the release of CCAR results from the Fed. She said BofA could quadruple its dividend after that.

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