Deutsche Bank AG (NYSE:DB) (ETR:DBK) downgraded Citigroup Inc. (NYSE:C) and Morgan Stanley (NYSE:MS) last December, and generally became more concerned about fixed income, currencies and commodities (FICC) earnings, and if anything first quarter FICC was worse than they had expected and 2Q is looking weak as well. But a combination of low expectations and a possible pickup in FICC has convinced Deutsche Bank analysts Matt O’Connor, David Ho, and Robert Placet that it’s time to take a second look at market sensitive banks, especially Bank of America Corp (NYSE:BAC).
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full ArticleAlready a member? Log in here
