After Bank Stress Tests, Worries About Earnings
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By Mara Der Hovanesian
Investors have reacted favorably to the recent release of the government’s stress test results. But skeptics still abound. Dan Alpert, managing director of Westwood Capital, is one of them. His specific worry: he isn’t so sure that the Fed’s assumption that the banks can earn their way out of some of their woes is justified.