We're Upgrading and Building Upon a Position

·1 min read
We're Upgrading and Building Upon a Position

Building on our opening comments this morning, we are using the improving outlook for the banking sector to upgrade the shares of Bank of America to a One rating from Two and to add to the portfolio's position as well. While there could be other bank setbacks that emerge in the coming days -- something Federal Reserve Bank of Minneapolis President Neel Kashkari hinted at over the weekend -- the outlook for the sector continues to firm.