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RY - Oil plunge delivers 'body blow' to banks Bove says
Royal Bank Of Canada
The plunge in oil prices "will be a big problem for America's banks" because all of the majors — including Bank of America (NYSE:BAC), Citigroup (NYSE:C), JPMorgan Chase (NYSE:JPM), and Wells Fargo (NYSE:WFC) — are large energy lenders, writes Odeon Capital's Dick Bove, who was already bearish on the sector.
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