Wall Street issued yet more favorable reviews for banks Tuesday in the wake of a seven-week battering in the market that has cut prices sharply for many of their stocks.

At UBS Securities, analysts modified the bearish stance adopted six months ago. They upgraded banks to "market weighting" and affirmed "buy" ratings on two companies, Chemical Banking Corp. and Fleet Financial Group.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.