FBR Capital Markets Institutional Brokerage Recognized as Industry Leader

June 25, 2008 4:00 PM EDT

ARLINGTON, Va., June 25 /PRNewswire-FirstCall/ -- FBR Capital Markets Corporation (Nasdaq: FBCM) (FBR Capital Markets) today announced that its equity research analysts have been recognized for their exceptional work and industry leading performance by Bloomberg and the Forbes.com Blue Chip Analyst Awards. FBR Capital Market's Trading team was named "Best Broker" among specialty brokers by the Investment Technology Group's BrokerEDGE Universe Survey for managing the "most difficult" trades. Additionally, the FBR Capital Markets Institutional Sales team was named a "Top Performer" by First Coverage for the performance of its sales recommendations.

Paul Miller, FBR Capital Markets Managing Director and Group Head of Financial Services Research, was ranked the #1 in Bloomberg's Bearish Best Calls among more than 3,000 analysts world-wide. In a separate ranking FBR Capital Market's Rehan Rashid, Managing Director and Group Head of Energy Research was ranked #10 in Bloomberg's Bullish Best Calls list among same group.

FBR Capital Markets Head of Consumer Research Adrienne Tennant was recognized among the 2008 Forbes.com "Dazzling Dozen." She ranked 11th among a peer group of more than 2,700 equity analysts for overall stock picking performance and earnings estimation. Tennant placed 1st for Non-food Retailers & Wholesalers.

FBR Capital Markets analysts also received Forbes.com Blue Chip Analyst Awards including:

    -- Paul Miller, 1st in both Banks & Thrifts and Finance
    -- Alex Rygiel, 2nd in Construction & Building Materials
    -- Amir Arif, 4th in Metals & Mining
    -- Ned Armstrong, 5th in Machinery
    -- Robert MacKenzie, 5th in Oilfield Machinery & Services
    -- Scott Valentin, 5th in Finance

"While larger firms are reducing their focus on research, we are raising our commitment to provide insightful and differentiated research for our investors," said David Khani, Senior Managing Director, Director of Research at FBR Capital Markets. "The rankings showcase the expertise of our analysts and the depth of our research platform."

Additionally, the Investment Technology Group's 2007 BrokerEDGE Universe Survey ranked FBR Capital Markets' Trading team as the leading specialty broker for managing "most difficult" trades of greater than 10,000 shares.

"During periods of economic volatility, clients require more individual attention," said Monte Lehmkuhler, Senior Managing Director and Head of Trading at FBR Capital Markets. "Our team has the technical sophistication and interpersonal relationships with clients to promptly manage and execute trades of various magnitudes."

Also, First Coverage named the FBR Capital Markets Institutional Sales team a "Top Performer" among North American firms. The team ranked 5th out of more than 250 firms for the performance of recommendations communicated via First Coverage in 2007.

"The recognition by First Coverage underscores the granularity with which our brokers understand the market and the stocks we cover," said Adam Fishman, Senior Managing Director and Head of Institutional Sales at FBR Capital Markets. "It reveals the creativity of the team's recommendations and the value they yield for clients."

FBR Capital Markets Corporation, a majority-owned subsidiary of Friedman, Billings, Ramsey Group, Inc., provides investment banking*, merger and acquisition advisory services*, institutional brokerage*, research*, and asset management and private wealth services. FBR Capital Markets focuses capital and financial expertise on eight industry sectors: consumer, diversified industrials, energy & natural resources, financial institutions, healthcare, insurance, real estate, and technology, media & telecom. FBR Capital Markets is headquartered in the Washington, D.C. metropolitan area with offices in Arlington, VA; Boston; Dallas; Houston; Irvine; London, England; New York; San Francisco; and Sydney, Australia. For more information, please visit www.fbrcapitalmarkets.com.

*Friedman, Billings, Ramsey & Co., Inc.

SOURCE FBR Capital Markets Corporation

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