Bank of America, JPMorgan Stocks Are Downgraded. Higher Rates Are a Mixed Blessing

Bank of America and JPMorgan Chase shares were downgraded Friday as Deutsche Bank weighed in on how a weaker economy could affect the lenders. Analyst Matt O’Connor downgraded shares of both banks to Hold from Buy. He cut his stock-price target for Bank of America (ticker: BAC) to $36 from $45 and…

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