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 - Analyst Report), MGIC Investment Corporation (MTG - Analyst Report) and MBIA Inc. (MBI - Analyst Report).

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 - Analyst Report), MGIC Investment Corporation (MTG - Analyst Report) and MBIA Inc. (MBI - Analyst Report).

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