Investor concerns about earnings volatility continue to hang over Bankers Trust New York Corp., to the frustration of some of the company's boosters on Wall Street.

"Every time I talk to investors, that issue typically comes up," complained Raphael Soifer of Brown Brothers Harriman & Co. The stock, he added, is "substantially undervalued."

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.