Monday, August 8, 2011

Where Would We Be Without Analysts? CLSA's Mike Mayo Cuts Bank of America to Underperform (BAC)

The stock is down 18.36% today, $6.68 last.
Up until a month ago he had BAC at "BUY".
Story at TheStreet
See also:
Bank of America in Deep Doo-doo: "Here Comes TARP 2: Bank Of America Implodes, At $6.87, BAC CDS Up 20% To 260 bps As Bankruptcy Contemplated" (BAC)