NEW YORK (MarketWatch) -- Analysts at Goldman Sachs on Friday upgraded shares of Citigroup
Inc. to conviction list-buy and cut their rating on J.P. Morgan Chase & Co. to buy from conviction list-buy. "We favor late-cycle restructuring stories in 2013," analysts said. Among other moves, Goldman analysts upgraded SunTrust Banks Inc. to buy and reiterated their conviction-list buy rating on Regions Financial . Wells Fargo & Co. and BB&T Corp. were downgraded to neutral from buy. "As revenue pressure from low rates and subdued activity will impact all banks in 2013, stronger banks that have already taken share and reduced funding costs and expenses will have fewer levers to grow earnings per share," analysts said. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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