Zacks Industry Outlook Highlights: Ocwen Financial Corp, Wilmington Trust Corporation, KeyCorp and Zions Bancorp

For Immediate Release

Chicago, IL – July 14, 2009 – Zacks.com announces the latest Industry Outlook. Today’s outlook from Zacks Equity Research analyst Neena Mishra discusses the U.S. Banks sector. Highlighted stocks include: Ocwen Financial Corp (OCN - Analyst Report), Wilmington Trust Corporation (WL - Analyst Report), KeyCorp (KEY - Analyst Report) and Zions Bancorp (ZION - Analyst Report).

We recently upgraded our recommendation on Ocwen Financial Corp (OCN - Analyst Report) to a Buy, as this company could be a major beneficiary of the President's Home Affordable Modification Plan, which provides incentives for loan modifications to the borrower, the investor, and the servicer. OCN was appointed by a major GRE as one of the servicers for the new pilot initiative launched to identify borrowers who are at a risk of foreclosure. Recently the Treasury extended TALF to include securities backed by servicing advances, which will provide comfort on the liquidity front.

Banks with high exposure to housing and Commercial Real Estate loans, like Wilmington Trust Corporation (WL - Analyst Report), KeyCorp (KEY - Analyst Report) and Zions Bancorp (ZION - Analyst Report) will remain under pressure.

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