Zacks Analyst Blog Highlights: Citigroup, Morgan Stanley, Bank of America, JPMorgan Chase and Travelers.

For Immediate Release

Chicago, IL – June 2, 2009 - 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: Citigroup (C - Analyst Report), Morgan Stanley (MS - Analyst Report), Bank of America (BAC - Analyst Report), JPMorgan Chase (JPM - Analyst Report) and Travelers (TRV - Analyst Report).

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Here are highlights from Monday’s Analyst Blog:

Citigroup Moves Up Morgan JV

It would seem that Citigroup (C - Analyst Report) is far from just taking it on the chin [after being dropped from the Dow components this morning]. To that end, both Morgan Stanley (MS - Analyst Report) and Citigroup today announced that they have closed their previously announced wealth management joint venture ahead of schedule. The joint venture was targeted for completion during 3Q09. The joint venture will operate under the banner Morgan Stanley Smith Barney.

The entity combines Morgan Stanley's Global Wealth Management Group with Citi's Smith Barney in the U.S., Quilter in the UK, and Smith Barney Australia retail units. This newly combined global new wealth management firm currently has 18,500 financial advisers in 1,000 brokerage locations.

With Citigroup’s removal from the Dow Jones Industrial Average, that just leaves two traditional banks remaining within the index -- Bank of America (BAC - Analyst Report) and JPMorgan Chase (JPM - Analyst Report). The inclusion of Travelers (TRV - Analyst Report) could be viewed as an attempt to restore some of the financial industry’s representation in the Dow.

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

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