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To: waverider who wrote (2066)	8/24/1998 3:27:00 PM
From: The Ox	Read Replies (1) \| Respond to of 14427

Bank stocks: Banks Stock Declines 'Overreaction', Goldman's Albertson Says New York, Aug. 24 (Bloomberg) -- Bank stocks, which have on average fallen more than 10 percent in the last month, have shown an 'extreme overreaction' to concerns about losses in emerging markets, said Goldman Sachs analyst Robert Albertson. ''There's no direct emerging market exposure that would support this kind of damage,'' Albertson said. He said he sees no evidence that would lead him to cut estimates. The Standard & Poor's index of money center banks fell more than 15 percent in the last month, while the S&P index of regional banks is down about 14 percent in that same period. Albertson said that Chase Manhattan Corp., the country's largest bank, is ''an extraordinary opportunity'' for investors. 09:32:24 08/24/1998 Any redistribution of Bloomberg content, including by framing or similiar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.