What Morgan Stanley’s bearish view on US banks means for the Big 5. Plus, three Canadian stock picks from top-rated analysts

Morgan Stanley has slashed its price targets for US bank and consumer finance stocks. So, like most Canadian investors, my immediate thought was whether the domestic banks would be subject to downgrades too. The answer is probably, but not to the same extent. Morgan Stanley analyst Betsy Graseck cut her price targets on US banks …

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