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Some attaboys for bank stocks in season of pessimism

Jan 10, 2019 - American Banker

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...