CFRA downgraded Bank of America to Hold on Tuesday, May 19. The research firm also downgraded Citigroup as part of a broader sector re-evaluation.
CFRA cited stretched valuations as a primary headwind. The firm also noted uncertainty regarding net interest income trajectories. Analysts identified further risks associated with commercial real estate exposure.
Bank of America reported robust Q1 2026 results. CFRA confirmed the bank's underlying earnings power remains intact despite the rating change.