UBS Says Banks & Life Insurance Cos Fully Valued

Financial Post, David Berman, 13 December 2006Canadian financial stocks have been on a tear in 2006, especially after the downfall of income trusts sent money flowing into the high-yielding sector. Now, Jason Bilodeau, an analyst at UBS, is less enthusiastic.In a note to clients this week, he lowered his recommendation on Industrial Alliance and Sun Life Financial (once his top pick) to "neutral"