Wall Street Analysts Turn Blind Eye to Banking Collapse.

Despite the ongoing banking crisis, almost every Wall Street analyst covering financial stocks is frozen in time and afraid to become more cautious on scores of names. Among the financial stocks contained in the S&P 500, 92% are rated either a buy or hold as of March 16. The percentage of buy-rated financials has only declined by four percentage points since Feb. 28 despite the rolling banking crisis. If analysts don't step up and change their tune on financials, clients could be left holding the bag.