Bank analysts continued to cut ratings Tuesday, arguing that the big profits in the bank sector already have been made.

Fleet Financial Group, Barnett Banks Inc., and Signet Bank Corp. ratings were cut one notch each by Anthony Davis of Dean Witter Reynolds. He said the three were trading at or near his price targets.

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.