Salomon Brothers analysts cut ratings on three banks Wednesday on concerns that the economy may be strengthening and the Federal Reserve may be forced to raise interest rates again.

BankAmerica Corp., First Bank System Inc., and First Fidelity Bancorp. were downgraded to "hold" from "buy."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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