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Wells downgraded at Macquarie

SeekingAlpha.com: SA Currents

Mon, 30 Jun 2014

The year's stalwart performer among the big banks, Wells Fargo ( WFC -0.6% ) is cut to Underperform at Macquarie, the team citing the lender's high relative valuation. Wells Fargo is ahead nearly 16% YTD, while JPMorgan, Citigroup, and BofA are all in the red. Wells' performance also wins out when ...

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