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Zacks Analyst Blog Highlights: AIG, Citigroup, Bank of America, TAM, and Vivo.

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June 12, 2009 |Comments: 0
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AIG | C | BAC | TAM | VIV

For Immediate Release

Chicago, IL – June 12, 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: AIG (AIG), Citigroup (C), Bank of America (BAC), TAM (TAM) and Vivo (VIV).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Thursday’s Analyst Blog:

Treasury Releases New TARP Rules

Specifically, the rules limit compensation for senior executives and other highly paid employees at companies receiving TARP funds, including limits on bonus payments (to one-third of total compensation) and curtailment of Golden Parachutes. Further, the bonuses paid to senior executive officers and the next 20 most highly compensated employees will be subject to a "clawback" provision if the payment was based on materially inaccurate performance criteria.

Under the rules, the Treasury appointed Kenneth R. Feinberg as the Special Master for TARP Executive Compensation. Mr. Feinberg will review payments and compensation plans for the executives and the 100 most highly compensated employees of seven TARP recipients that have received exceptional assistance, AIG (AIG), Citigroup (C), Bank of America (BAC), Chrysler, General Motors, GMAC LLC, Chrysler and Chrysler Financial.

Brazilian Central Bank Cuts 100 bps!

Considering the orthodox bias of the Brazilian Central Bank, we were expecting a 50 basis points cut, too. The decision was not unanimous -- among the eight directors with powers to vote in the meeting, six directors voted for 100 basis points cut and two voted for 75 basis points.

Despite the bold decision, the statement after the meeting said that any additional cuts in the near future will be implemented in a more “parsimonious way," thus new cuts should be much less aggressive.

This is the first time in more than 30 years that Brazil has reached a single-digit interest rate.

Despite this aggressive move, we maintain our expectation for year-end interest rate in Brazil between 8.5% and 9%. After this remarkable decision, we reinforce our positive view on companies focused on the Brazilian domestic market, including TAM (TAM) and Vivo (VIV).

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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.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=2677

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

Read the full analyst report on AIG

Read the full analyst report on C

Read the full analyst report on BAC

Read the full analyst report on TAM

Read the full analyst report on VIV

 
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