Bank Stocks Could Drop By Half This Year (BAC)(JPM)(WFC)(C)

From 247wallst.com

Yesterday, Bank of America (NYSE: BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled off his thrown at JPMorgan (NYSE: JPM) once the integration of Bear Stearns and write-off of consumer and business credit starts to hit its earnings.

No one in the banking industry likes analyst Meredith Whitney. She is actually the most loathed person covering big financial firms. She is pessimistic about the future of banking in America and with each new forecast that gets worse.

Continue Reading at 247wallst.com>>>>

Other stocks mentioned include Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C).

You May Also Be Interested In

• Citigroup set to join top banks in Anthropic IPO - Bloomberg
• BofA truck shipper survey shows demand outlook rises modestly
• Ross Stores, Inc. (ROST) PT Raised to $290 at Citi