Some attaboys for bank stocks in season of pessimism
Analysts haven't shown a lot of love to bank stocks lately, but a few calls are swimming against the tide.
UBS AG upgraded Bank of America to buy, and is recommending adding exposure to large-cap bank shares as sentiment on stocks "has come full circle" after a dismal 2018, Saul Martinez wrote. At Citigroup Global Markets Inc., Keith Horowitz said it's "tactical time to buy," in a note boosting Morgan Stanley and Citizens Financial Group to buy.
That follows a cascade of pessimism in...