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Fly News Breaks for July 23, 2015
BAC
Jul 23, 2015 | 07:15 EDT
After Bank of America made some changes to its executive team, including appointing a new CFO, Wells Fargo says that the shares could underperform "in the very near-term." However, Wells thinks that the board supports the company's CEO, Brian Moynihan and the changes, while the new CFO can build relationships with investors quickly. Wells keeps a Market Perform rating on the shares.
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