TheNewsRoom | Downgrades: FITB, MTB, CVG, SBX

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Downgrades: FITB, MTB, CVG, SBX

March 04, 2010

This morning, investment firm Bernstein downgraded mid-cap banking stocks Fifth Third Bancorp (FITB) and M&T Bank (MTB). BOth banks saw their ratings lowered from Outperform to Market Perform, citing valuation concerns for Fifth Third and the need to raise new capital at M&T.