Citibank and Bank of America shares downgraded to ‘Yo Mama’ status

News Brief
Rudders News
New York, New York
2/20

UBS analysts downgraded Citibank and Bank of America shares on Friday from ‘hell no’ to ‘yo mama’, citing nationalization concerns. “Normally we try to be as opaque as possible”, the analyst said, “using terminology like ‘hold’, which means ‘sell’, ‘underweight’, ‘market underperform’, and other completely inconsistent and indefinable terminology. Since, fortunately, there is no third party impartiality requirement, we often provide recommendations for a given stock only after our bank or a related source has heavily accumulated or sold shares. In this case, we decided that no one would take our ‘strong buy’ recommendation seriously, and that ‘Yo mama’ was the only recommendation we could feel good about. In the future we may use various permutations such as ‘Yo mama so fat’, and ‘Yo mama so ugly’.

Sounding a slightly more positive tone, Citibank and Bank of America analysts maintained a ‘sector perform’ rating on the stocks, adding that the whole sector is worth about as much as Mozilo's and Lewis' reputation. "Ain't worth sh*t".

"The Yellow Rose Street Beat" is for informational purposes only. It does not give investment advice.