The market prestige of bank stocks was jolted again Friday when Prudential Securities lowered its earnings outlook for the industry.

In doing so the firm joined several other Wall Street houses, including Donaldson, Lufkin & Jenrette Securities Corp., in saying bank profitability and stock valuations are unlikely to grow much further.

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.