Zacks Industry Outlook Highlights: Huntington Bancshares Inc., MGIC Investment Corporation and MBIA Inc.

For Immediate Release

Chicago, IL – June 10, 2009 – Zacks.com releases the latest Industry Outlook. Today’s interview is with senior analyst Eric Rothmann, who talks about the Financials Industry, including Huntington Bancshares Inc. (HBAN), MGIC Investment Corporation (MTG) and MBIA Inc. (MBI).

A synopsis of today’s Industry Outlook is presented below. The full article can be read at http://at.zacks.com/?id=2678.

We suspect that the recent improvement in share prices for financial stocks has gotten a bit ahead of the earnings and growth prospects over the near term. Considering the high level of unemployment and with foreclosures gnawing at prime mortgages, we continue to think the pay-day lenders and pawnbrokers still represent an opportunity, currently.

While improvements have been noted, sightings of "green shoots" in the economy may have resulted in an overzealous response, as we continue to fail to see signs of enough positive catalysts to mitigate our negative outlook for the near-term prospects. We retain our Sell recommendation on the shares of Huntington Bancshares Inc. (HBAN), MGIC Investment Corporation (MTG) and MBIA Inc. (MBI).

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The performance of the Zacks Rank portfolios shown above for annual and year-to-date periods are the linked monthly total returns (price changes + dividends) of equal weighted hypothetical portfolios, consisting of those stocks with the indicated Zacks Rank, assuming monthly rebalancing and zero transaction costs. These are not the returns of actual portfolios. The hypothetical portfolios were created at the beginning of each month from Jan 1988 forward based on the values of the Zacks Rank available to Zacks' clients before the beginning of each month.

The portfolios created monthly from 1988 through September 2006 exclude ADRS and are comprised of stocks that have the indicated Zacks Rank and were covered by at 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 all stocks with the indicated Zacks Rank and do not exclude ADRs, which is more reflective of the list of stocks that customers will find on the Zacks web sites. 2007 returns are for the period of Jan 1 – Jun 30, 2007. These performance numbers have been audited from 1995 through 2003 by Autschuler Melovan, a division of American Express Financial.

Read the full analyst report on HBAN

Read the full analyst report on MTG

Read the full analyst report on MBI