- S&P to Hit 1,175 in the Short Term: Strategist
- My Market and Fed Outlook Now: BlackRock's Doll
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- 10 Stock Picks for This 'Gradual Recovery'
- Recovery's Real Shape? Not a W: Stock Picker
- Market Direction into 2010 Depends on This: Analysts
- Prep Your Portfolio for Next Week: Stock Pickers
- Art Cashin: Why Markets Face 'Enormous' 1-Day Swings
- India or China: Which Is the Better Place to Invest?
MOST SHARED
- BlackRock: Central Banks To Be Net Buyers of Gold
- Millions May Have to Repay Part of Obama Tax Credit
- Cisco Ups Tandberg Bid, Claims Over 40% Backing
- Gold Is in a 'Bubble' And Will Keep Going Higher: Gartman
- Underwater Mortgages Could Sink Even Deeper
- Weak US Housing Market Drags on Lowe's Profit
- Devon to Sell its Gulf, International Assets
- Madoff Auction: $4,750 for a Decoy Duck?
- Several Credit Card Companies See Default Rate Fall
- Mixed Signals Come From Retail Sector as Holidays Draw Near
- Will the S&P 500 Close Above 1100?
- What Were The Northwest Pilots Really Doing?
- Your Jobless Recovery Game Plan
- S&P to Hit 1,175 in the Short Term: Strategist
- Busch: US Health Care Bill a Concern for the Chinese
- Underwater Mortgages Could Sink Even Deeper
- My Market and Fed Outlook Now: BlackRock's Doll
- Farrell: The Market is Still Seeking Reassurance
- Millions Could Have to Repay Part of Obama's Tax Credit
- What Recovery? Many Homeowners Still Underwater
- Gold Is in a 'Bubble' And Will Keep Going Higher: Gartman
- How Will Retail Fare Over Holidays? Signals Are Mixed
- Madoff Auction: $4,750 for a Decoy Duck?
- Slideshow: Madoff's Luxury Boats Go Up for Auction
- How Much Do You Know About Green?
- Solar Energy Emerges From a Dark Period
- Drillers Seek Scotch Lost in Antarctica in 1909
RSS FEED
CNBC Stock Blog
Text Size 
For the first time since it went public in 1994, Lehman Brothers has posted a quarterly loss. But Morningstar's Ryan Lentell doesn't want that to sour you on buying brokerage shares.
"Short-term, you're not going to be doubling your money," he admitted to CNBC. "They're an investment that you're going to be holding for a long period of time."
But what about their current woes?
"If you revert back six years, you had the same arguments going on," he said. "It ended up being a tremendous buying opportunity; I think you're going to have these periods, time after time, with the investment banks."
Recommendations:
What of perennial favorite Goldman Sachs [GS
Loading...
()
]?
"Long-term...Goldman's probably the best set-up firm," he said. "It's the most pricey, and the market realizes that...I think it's undervalued today, but I think you can get some better values in some of its competitors."
Competitors such as Morgan Stanley [MS
Loading...
()
] and Merrill Lynch [MER
Loading...
()
].
"I think they're both at a little bit greater discount to their fair values than I would put Goldman," he said.
Disclosures:
Neither Lentell, his family, nor his firm own any shares of, or have business relationships with, Goldman Sachs, Morgan Stanley, or Merrill Lynch.
Data is a real-time snapshot *Data is delayed at least 15 minutes