Banks Didn't Deserve this Beating

Investment-bank stocks took a hit on the widening troubles in subprime lending, but S&P's Matthew Albrecht sees strength for the future

The escalating crisis in the subprime mortgage lending industry has put a crimp in financial stocks, including big investment banks and brokers that have some exposure to this once soaring business. However Matthew Albrecht, Standard & Poor's investment banking equity analyst, believes that while banks and brokers may suffer some short-term pain, they will flourish over the longer term as overall fundamentals remain strong.

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