More Free Stock PicksEach weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on thefree email newsletter, Profit from the Pros. Investors are invited to registerfor their free subscription at Investment Research is under common control with affiliated entities(including a broker-dealer and an investment adviser), which may engage intransactions involving the foregoing securities for the clients of suchaffiliates. Disclaimer: Past performance does not guarantee future results. Investors shouldalways research companies and securities before making any investments.
Nothingherein should be construed as an offer or solicitation to buy or sell anysecurity. Visit http:// for information about the performancenumbers displayed in this press release. Zacks Aggressive Growth Stocks:Contact: Bill WiltonPhone: 312-265-9277orGrowth & Income Stocks:Contact: Alex KolbPhone: 312-265-9149orMomentum Stocks:Contact: Michael VodickaPhone: 312-265-9226orValue Stocks:Contact: Tracey RyniecPhone: 312-265-9232Email: Visit: Business Wire 2009. http://(Business Wire)–Zacks releases the latest Industry Outlook.
Today`s interview is with senioranalyst Neena Mishra,who talks about the U.S. Banks Industry, including OcwenFinancial Corp (NYSE: OCN), Wilmington Trust Corporation (NYSE: WL), KeyCorp(NYSE: KEY) and Zions Bancorp (Nasdaq:ZION) A synopsis of today`s Industry Outlook is presented below. The full article canbe read at We recently upgraded our recommendation on Ocwen Financial Corp (NYSE: OCN) to aBuy, as this company could be a major beneficiary of the President’s HomeAffordable Modification Plan, which provides incentives for loan modificationsto the borrower, the investor, and the servicer. OCN was appointed by a majorGRE as one of the servicers for the new pilot initiative launched to identifyborrowers who are at a risk of foreclosure. Recently the Treasury extended TALFto include securities backed by servicing advances, which will provide comforton the liquidity front.
Banks with high exposure to housing and Commercial Real Estate loans, likeWilmington Trust Corporation (NYSE: WL), KeyCorp (NYSE: KEY) and Zions Bancorp(Nasdaq:ZION) will remain under pressure. Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latestanalysis from Zacks Equity Research. Subscribe to this free newsletter today byvisiting About ZacksThe performance of the Zacks Rank portfolios shown above for annual andyear-to-date periods are the linked monthly total returns (price changes +dividends) of equal weighted hypothetical portfolios, consisting of those stockswith the indicated Zacks Rank, assuming monthly rebalancing and zero transactioncosts These are not the returns of actual portfolios. The hypotheticalportfolios were created at the beginning of each month from Jan 1988 forwardbased on the values of the Zacks Rank available to Zacks’ clients before thebeginning of each month. The portfolios created monthly from 1988 through September 2006 exclude ADRs andare comprised of stocks that have the indicated Zacks Rank and were covered byat least two analysts at the time of the stocks inclusion in the portfolio.Starting in October 2006 and going forward, the portfolios are comprised of allstocks with the indicated Zacks Rank and do not exclude ADRs, which is morereflective of the list of stocks that customers will find on the Zacks websites 2007 returns are for the period of Jan 1 – Jun 30, 2007.
