The Zacks Analyst Blog Highlights: JPMorgan Chase, UBS AG, Royal Bank of Scotland Group plc, Bank of America and Bank of New York Mellon

For Immediate Release

Chicago, IL – September 8, 2011 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: JPMorgan Chase & Co.’s (JPM - Analyst Report), UBS AG (UBS - Snapshot Report), Royal Bank of Scotland Group plc (RBS - Snapshot Report), Bank of America Corporation (BAC - Analyst Report) and Bank of New York Mellon Corp (BK - Analyst Report).

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Here are highlights from Wednesday’s Analyst Blog:

No Job Cuts at JPMorgan

On Tuesday, Reuters reported quoting Mr. Jes Stanley, JPMorgan Chase & Co.’s (JPM - Analyst Report) investment banking Chief Executive, that the company has no plans to retrench employees in the near future.

During the first half of 2011, JPMorgan recorded compensation expenses of $15.8 million, up 6% from the corresponding prior-year period. However, Mr. Stanley stated that the company has been trying to manage expenditures by lowering other operating expenses rather than cutting jobs.

This move is, however, in stark contrast to what the other peers of JPMorgan have been announcing recently. Several banks announced layoffs in July and August to tide over the ever increasing expenses.

In order to improve operating efficiency, last month, UBS AG (UBS - Snapshot Report) declared 3,500 job cuts, Royal Bank of Scotland Group plc (RBS - Snapshot Report) announced  trimming of 2,000 positions, and Bank of America Corporation (BAC - Analyst Report) planned to retrench 3,500 employees. Bank of New York Mellon Corp (BK - Analyst Report) announced 1,500 layoffs.

The recent job data release on Friday stated that the there was no job creation for the month of August. So, at this time when all the banking companies are trying to streamline their expenses through workforce reduction, this statement from JPMorgan comes on a positive note that will certainly boost investors’ confidence in the stock.

JPMorgan currently retains its Zacks #3 Rank, which translates into a short-term Hold rating. Moreover, considering the fundamentals, we are maintaining a long-term Neutral recommendation on the stock.

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Read the full analyst report on JPM

Read the full analyst report on UBS

Read the full analyst report on RBS

Read the full analyst report on BAC

Read the full analyst report on BK