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>> ROYAL BANK OF SCOTLAND Latest News

APR 23, 2013 - MarketWatch

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Bank of America upgrade leads financials higher

NEW YORK (MarketWatch) -- Bank of America Corp. led financial stocks higher on Tuesday. The firm was up more than 3%, the biggest gainer in the Dow Jones Industrial Average , after Morgan Stanley upgraded the bank to an overweight rating. Morgan Stanley analysts said the firm's expense declines and higher mortgage fees were a positive and raised the price target to $16 per share. Financials were the biggest gainer in the S&P 500 . The Financial Select Sector SPDR Fund , which tracks the S&P 500, was up 1.5%. Morgan Stanley was up nearly 4%. Goldman Sachs Group Inc. was up more than 2%. ... Read More

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