Bank investors dismiss Moody’s downgrade as ‘too late’

Filed under: AM Roundup |

Downgrades by Moody’s Investment Service of J.P. Morgan, Credit Suisse Group and 13 other banks weren’t met with the anticipated fall in shares, said Bloomberg.

Instead, stocks in that industry were met with a rally on Wall Street. Analysts say that’s because banks in America are much stronger than they were three years ago.

Read more at Bloomberg.