Fox-Pitt Kelton Downgrades Bank of America (BAC) to In-Line
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Fox-Pitt Kelton downgrades Bank of America (NYSE: BAC) from Outperform to In-Line and cut their earning estimates. The firm said the bank's normalized earnings picture got cloudier after its Q2 earnings results. The firm thinks BAC will continue to struggle to generate positive earnings.
Bank of America Corporation, a financial holding company, provides a range of banking and nonbanking financial services and products in the United States and internationally.
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BEARCRAP
BOB on Jul 20, 2009 11:29 AMTHAT'S ALL FOLKS