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dDT

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dDT

Re: None

Friday, 02/20/2015 7:18:12 AM

Friday, February 20, 2015 7:18:12 AM

Post# of 53906
RBC and CIBC downgraded at KBW

Citing the challenging environment for Canadian lenders, KBW cuts Royal Bank of Canada (NYSE:RY) and CIBC (NYSE:CM) to Underperform from Market Perform.
Yesterday: Moody's: Prolonged oil slump a negative for Canadian lenders (Feb. 19)
RBC is off just 7% YTD, but CIBC has faced a much tougher slog, down more than 20%.

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