US banking outlook cut amid risk of recession

Morgan Stanley analysts cut their view on large and mid-cap banks as President Donald Trump's tariff policy increases the risk of recession and threatens to delay any resurgence in deal-making.

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Analysts cut their view on the large-cap and mid-cap banking sectors to in-line from attractive, according to an April 7 note. Morgan Stanley analysts also cut their sector view on financial advisers and consumer-finance stocks.

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