Bank of America (NYSE:BAC) Revises Lloyds (NYSE:LYG), Deutsche (NYSE:DB) On Preferred List

Bank of America (NYSE:BAC) added Lloyd's (NYSE:LYG) and Deutsche Bank (NYSE:DB) to their lists today, with Lloyds added to their "Most Preferred" list, and Deutsche to their "Least Preferred" list.

Commenting on Deutsche Bank, BofA said they don't expect them to outperform in the near term, and will probably follow the overall trend in the industry as experienced in the fourth quarter.

These were the two banks revised on their bank list that are traded on American exchanges. They revised other financial institutions listed on foreign exchanges as well.

Lloyds was trading at $4.12, down by $0.08, or 1.90 percent as of 12:31 PM EST. Deutsche was at $50.74, down $1.46, or 2.80 percent.