Coverage Initiated On Banking Stocks With Underperform Rating

April 6, 2009 2:16 PM |
Calyon Securities analyst Mike Mayo initiated coverage of Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C) and Well Fargo & Co. (NYSE: WFC) all with an Underperform rating.  Bank of America stock eased 12 cents to close at $7.48 while shares of Citigroup slipped 13 cents to close at $2.72.  Shares of Wells Fargo fell $1.09 to close at $15.25.

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