Moodys downgrades JPM, BofA and Wells Fargo
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An economist explains why the recent credit rating downgrades for major U.S. banks might not carry a big impact.
Shares of Reddit slipped Monday as Wells Fargo downgraded the stock amid concerns the social media company could be hurt by Google's integration of AI search features.
The municipal bond market Monday shrugged off Moody's Investors Service's late-Friday downgrade of the U.S. sovereign rating but investors warned the downgrade adds a future pain point for municipal credits along with higher rates and a large tax and spending bill winding its way through Congress.
Moody's has downgraded a few major banks' long-term credit and deposit ratings, after it lowered the U.S. sovereign credit ratings. Major banks, including JPMorgan JPM, Bank of Am
Wells Fargo previously had an equal-weight for ... the latest Regulus Therapeutics (RGLS) rating was a downgraded with a price target of $0.00 to $9.00. The current price Regulus Therapeutics ...