NEW YORK – The financial sector took a beating in the first quarter, but financial “bottom feeders” will speed its recovery, possibly ahead of the rest of the market, experts said here at a gathering of researchers and data providers on Thursday night.

“The financial sector was down 60% for the first quarter,” said Mike Thompson, managing director of Thomson Research, a division of Thomson Financial, at the Le Parker Meridian’s Estrela Penthouse, hosted by Thomson InvestmentView. “The numbers are pretty bad, but believe it or not, financials are going to recover before the rest of the market does.”

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