Zacks Industry Outlook Highlights: Wilmington Trust Corporation, KeyCorp, Zions Bancorp, Freddie Mac, and Sallie Mae.

For Immediate Release

Chicago, IL – June 15, 2009 – Zacks.com releases the latest Industry Outlook. Today’s interview is with senior analyst Neena Mishra, who talks about the U.S. Banks Industry, including Wilmington Trust Corporation (WL - Analyst Report), KeyCorp (KEY - Analyst Report), Zions Bancorp (ZION - Analyst Report), Freddie Mac (FRE - Analyst Report) and Sallie Mae (SLM - 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.

As a result of a rise in charge-offs, the levels of reserve coverage have fallen over the past quarters and the banks will have to make higher provisions in the coming quarters, affecting the profitability. Also, the banks will also continue to take mark-downs in the investment portfolios, further hurting the bottom-line.

Banks with high exposure to housing and Commercial Real Estate loans, like Wilmington Trust Corporation (WL - Analyst Report), KeyCorp (KEY - Analyst Report), Zions Bancorp (ZION - Analyst Report) will remain under pressure. We also continue our Sell recommendations on Freddie Mac (FRE - Analyst Report) and Sallie Mae (SLM - Analyst Report), as we anticipate rising losses and increased provisions during FY09.

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