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Wachovia shares off; analyst says rise unjustified

NEW YORK (Reuters) - Wachovia Corp shares fell as much as 10 percent on Friday after a downgrade by a Morgan Keegan & Co analyst, who said the stock's 73 percent rise in seven trading days wasn't justified in light of its credit problems.

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Wachovia shares off; analyst says rise unjustified

NEW YORK (Reuters) - Wachovia Corp shares fell as much as 10 percent on Friday after a downgrade by a Morgan Keegan & Co analyst, who said the stock's 73 percent rise in seven trading days wasn't justified in light of its credit problems.

+Vote!

Wachovia shares off; analyst says rise unjustified

NEW YORK (Reuters) - Wachovia Corp shares fell as much as 10 percent on Friday after a downgrade by a Morgan Keegan & Co analyst, who said the stock's 73 percent rise in seven trading days wasn't justified in light of its credit problems.

+Vote!

Analysts divided on SunTrust Banks' capital position

By Adveith NairBANGALORE (Reuters) - Analysts were divided on the capital position of SunTrust Banks Inc , after the U.S. southeast regional bank on Tuesday said it will bolster capital by unloading a big Coca-Cola Co stake.While analysts at Robert W. Baird & Co and Morgan Keegan said the bank was adequately capitalized, Sanford C. Bernstein and Friedman Billings Ramsey said the company...

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The Ratings Game: Bank rally needs falling oil prices to hold up

After the dramatic plunge and subsequent surge in bank shares this week, investors are left asking: Does this portend the start of a rally? Morgan Keegan sees some reasons for optimism, but crude-oil prices need to retreat further for share gains to hold up.