Zacks Industry Outlook Highlights: Itau Unibanco Holding S.A., Banco Santander Santiago and HDFC Bank Limited

Chicago, IL – July 30, 2009 – Zacks.com announces the latest Industry Outlook. Today’s outlook from Zacks Equity Research analyst Ann Heffron discusses the Non-U.S. Banks sector. Highlighted stocks include: Itau Unibanco Holding S.A. (ITUB - Analyst Report), Banco Santander Santiago (SAN - Snapshot Report) and HDFC Bank Limited (HDB - Analyst Report).

Specific banks that we like include Itau Unibanco Holding S.A. (ITUB - Analyst Report) in Brazil, Banco Santander Santiago (SAN - Snapshot Report) in Chile and HDFC Bank Limited (HDB - Analyst Report) in India.

ITUB is the largest bank in Brazil following the February 2009 merger of Uniao de Bancos Brasileiros S.A. and Banco Itau Holding Financeira S.A., with R$575 billion (US$240 billion) in assets, 4,800 branches, and a 19% share of the Brazilian loan market.

SAN is the largest private bank in Chile (total assets of Ch$21,137 billion or US$33.6 billion at year-end 2008) and is 77% owned by Banco Santander Central Hispano, the largest bank in Spain and one of the largest in Europe.

HDB is now one of the largest banks in India, with Rs183,271 crores, or US $35.1 billion, and a retail network of 1,412 branches and 3,295 ATMs in 528 cities for the fiscal year ending March 31, 2009.

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