Meredith Whitney Upgrades Banks

Dec 18, 2012

Influential banking analyst and chief of Meredith Whitney Advisers has upgraded banks, specifically Citi (C, Financial) and Bank of America (BAC, Financial), citing improving prospects of earnings and improved liquidity. She thinks banks are more than adequately capitalized and dividends are about to go up. BAC will quadruple its dividends.

Credit and source: cnbc, www.cnbc.com

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