S&P Downgrades Bank of America (BAC), Citi (C), Others

Standard & Poor's lowered its ratings on a host of the largest financial institutions after the close Tuesday:

BofA (NYSE: BAC) from A to A-;
Citi (NYSE: C) from A to A-;
Goldman (NYSE: GS) from A to A-
Wells Fargo (NYSE: WFC) from AA- to A+;
Morgan Stanley (NYSE: MS) from A to A-
JPMorgan (NYSE: JPM) from A+ to A; outlook Stable
Bank of New York Mellon (NYSE: BK) from AA- to A+; outlook Negative
HSBC (NYSE: HBC) from AA- to A+; outlook Stable
Lloyd's (NYSE: LYG) from A to A-; outlook Stable
UBS (NYSE: UBS) from A+ to A; outlook to Negative;
Barclays (NYSE: BCS) lowered from A+ to A; outlook Stable

S&P reduces outlook on Deutsche Bank (NYSE: DB), Credit Suisse (NYSE: CS) from Stable to Negative.

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