For Immediate Release

Chicago, IL – June 2, 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: Citigroup (C), Morgan Stanley (MS), Bank of America (BAC), JPMorgan Chase (JPM) and Travelers (TRV).

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Here are highlights from Monday’s Analyst Blog:

Citigroup Moves Up Morgan JV

It would seem that Citigroup (C) is far from just taking it on the chin [after being dropped from the Dow components this morning]. To that end, both Morgan Stanley (MS) and Citigroup today announced that they have closed their previously announced wealth management joint venture ahead of schedule. The joint venture was targeted for completion during 3Q09. The joint venture will operate under the banner Morgan Stanley Smith Barney.

The entity combines Morgan Stanley’s Global Wealth Management Group with Citi’s Smith Barney in the U.S., Quilter in the UK, and Smith Barney Australia retail units. This newly combined global new wealth management firm currently has 18,500 financial advisers in 1,000 brokerage locations.

With Citigroup’s removal from the Dow Jones Industrial Average, that just leaves two traditional banks remaining within the index — Bank of America (BAC) and JPMorgan Chase (JPM). The inclusion of Travelers (TRV) could be viewed as an attempt to restore some of the financial industry’s representation in the Dow.

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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.

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