Chicago, IL – October 21, 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: Texas Instruments (TXN), State Street Corporation (STT), Zions Bancorporation (ZION), Comerica Inc. (CMA) and Regions Financial (RF).

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Here are highlights from Tuesday’s AnalystBlog:

TI Beats; Guidance Conservative

Texas Instruments (TXN) reported third quarter results that beat the Zacks Consensus Estimate by 3 cents. Revenue beat the consensus by 2.1%.

Revenue of $2.88 billion was up 17.2% sequentially, the second straight quarter of 17%+ growth. However, revenue declined 15.0% on a year-over-year basis, the fourth consecutive quarter of double digit decline.

Then again, the rate of decline slowed somewhat, indicating that the company is coming out of the recession. The sequential increase was driven by normalization in the market, as customers stopped reducing inventory and started increasing production.

State Street Tops Zacks Estimates

State Street Corporation’s (STT) third quarter operating earnings of $1.05 per share were 5 cents ahead of the Zacks Consensus Estimate. Operating results for the quarter exclude $11 million in pre-tax merger and integration costs associated with the Investors Financial Services Corp. acquisition. However, the results were down 15.3% from $1.24 per share in the prior-year quarter.

On a GAAP basis, earnings for the quarter came in at $1.04 per share. This compares unfavorably with earnings of $1.09 in the year-ago quarter.

The year-over-year decrease in earnings was due primarily to an increase in shares outstanding and decrease in revenue, partially offset by reduced expenses.

Zions Shows Continued Losses

Zions Bancorporation (ZION) reported a third quarter 2009 net loss applicable to common shareholders of $179.5 million or $1.41 per share, compared to net loss of $40.7 million or 35 cents per share in the prior quarter and a net income of $33.4 million or $0.31 per share in the prior-year quarter. Results were substantially short of the Zacks Consensus Estimated loss of $1.29.

Results included the acquisition of the failed Vineyard Bank with FDIC assistance in July, which resulted in a pretax acquisition related gain of $146.2 million for the third quarter of 2009. It also included credit-related impairment losses on investment securities of $56.5 million compared to $42.0 million in second quarter of 2009.

Tax-equivalent net interest income for the quarter decreased 3.5% sequentially and 3.2% year-over-year to $482.0 million. Net Interest Margin (NIM) declined 18 bps sequentially and 22 bps on a year-over-year basis to 3.91%. The decline in NIM during the quarter was driven primarily by the discount amortization on the modified subordinated debt and an additional 0.07% for the conversion of subordinated debt to Series C preferred stock.

Comerica 3Q Losses Easing

Comerica Inc. (CMA) reported third quarter 2009 net loss applicable to common shareholders of $15.0 million or 10 cents per share compared to a net loss of $16.0 million or 10 cents per share in the prior quarter and a net income of $28.0 million or 19 cents per share in the prior-year quarter. Results were substantially ahead of the Zacks Consensus Estimated loss of 41 cents.

Continued growth in average core deposits, non-interest income and reduced non-interest expenses were impressive during the quarter. However, an 88.5% year-over-year increase in provision for loan losses and $34.0 million of preferred dividend payment to the U.S. Treasury Department under the Capital Purchase Program were the primary reasons for the loss.

As a result of better-than-expected top line and marginal enhancement of costs, the loss was substantially narrower than our estimates.

Regions Financial Underperforms

Regions Financial (RF) reported a third quarter loss of $437.0 million or 37 cents per diluted share, worse than the Zacks Consensus Estimate of a loss of 26 cents per share. Last year, the company reported a net income of $95 million -- a profit of 13 cents per share.

The results suffered mainly due to increased loan loss provisioning, reflective of continued underlying economic weakness and the related loss implications to Regions' loan portfolio.

Regions reported a net interest margin of 2.73%, up 11 basis points sequentially, benefiting from continued low-cost deposit growth, especially in non-interest bearing products and improving loan spreads due to better pricing discipline. As a result, taxable equivalent net interest income increased 1.7% sequentially to $845.0 million.

According to management, dramatically falling interest rates have worked as a primary headwind for net interest income over the past few quarters. It believes that trends in deposit pricing and loan spreads should continue to support a stable net interest margin during this period of historic low interest rates.

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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=5517

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=5518.

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Contact:
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Visit: www.zacks.com

Regions Financial Corp. (RF), Comerica Inc. (CMA) and ZION Bancorporation (ZION) reported losses in the quarter primarily due to continued strain in their loan portfolios, as the commercial sector continues to droop in the prolonged recession.

Along with continued losses in their residential mortgage, home equity and consumer loan portfolios, these banks are also showing continued distress in their residential and commercial development loans, as well as commercial real estate loans.

Large-cap center banks and brokerage firms like Goldman Sachs (GS), Bank of America (BAC) and JPMorgan Chase (JPM) were able to somewhat offset weak credit metrics by strong results in their investment banking and mortgage refinancing divisions.

Regional banks, however, are much more directly connected to the state of the economy and the interest rate spreads. Weak demand for lending as a result of a shaky economy can severely affect their profitability as borrowers, thereby increasing nonperforming assets.

The mounting credit concerns suggest that a majority of the regional banks reporting their earnings in the coming week will report losses. Banks reporting this week are Fifth Third Bancorp (FITB), Huntington Bancshares Inc. (HBAN), PNC Financial Services Inc. (PNC), SunTrust Banks, Inc. (STI), KeyCorp (KEY) and US Bancorp (USB).

Though commercial loan losses are seen as the final stage of a downtrend in a credit cycle, it still remains to be seen just how severe it turns out to be.

The company incurred a loss of 16 cents per share in its first-quarter, missing estimates by 100%. During the quarter, net interest income decreased 19.3% year over year to $384 million, while net interest margin slipped to 2.53% from 3.22%.

Eighteen out of 23 analysts pulled back on expectations over the past month, widening the 2009 consensus to a loss of $1.11 from a loss of 31 cents.

Next year's estimate has dropped to 15 cents per share from 66 cents in the same period, as 14 out of 18 analysts guided lower.

The company is a Zacks #4 Rank ("Sell").

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Here are highlights from Wednesday's Analyst Blog:

UTX Revenues Down 12+%

UTX Corp. (UTX) released Q1-09 results today. Revenues of $12.2 billion were down 12.2% from $14.0 billion last year (which, in turn, was adjusted upward by $257 million at Pratt & Whitney) for collaborative arrangements per EITF Issue no. 07-1.

Of the 12+% decline, 6% reflected adverse foreign currency translation, 5% was organic and the remaining 1% was the net result of divestitures. With respect to the Revenues of UTX's six segments, Otis descended 12.8% to $2.7 billion, Carrier cooled off significantly by 27.0% to $2.5 billion, Fire & Security declined alarmingly by 19.5% to $1.2 billion, Pratt & Whitney sputtered by 8.2% to $3.2 billion, and Hamilton Sundstrand lost power by 5.5% to $1.4 billion, while Sikorsky, as predicted, soared dramatically by 30.4% to over $1.3 billion.

Comerica Hurt by Loan Losses

Comerica Inc. (CMA) reported its 1Q09 results this morning. The operating loss of $0.16 per diluted share was substantially worse than estimates, as the results were hurt by a sharp rise in provisions as well as a contraction in the net interest margin.

Credit metrics deteriorated further during the quarter. Impressive growth in deposits, expense control and an enhanced capital position were the positives for the quarter.

Brinker Customer Traffic Down

Brinker International (EAT) reported earnings today for fiscal 3Q09 ending March 25, adding more color to its preliminary results posted on April 6.

In line with its earlier release, the international casual dining operator said that earnings before one-time items jumped to $0.45 per share in FY 3Q09 from $0.33 in FY 3Q08. The year-ago earnings exclude Macaroni Grill, which was sold in December 2008.

Regions Better Than Expected

Prior to market open, Regions Financial Corp. (RF) reported its earnings for 1Q09. Core results were a loss of $0.14 per share, versus $0.55 per share.

Better-than-expected results reflected lower-than-expected provisions as net interest margin remained under pressure, as well as non-interest income. Though net charge-offs improved sequentially, other credit quality metrics continued to negatively expand.

Forest Labs Reports Q4 & FY09

This morning, Forest Laboratories, Inc. (FRX) reported financial results for the period ending March 31, 2009. Revenue for the fiscal fourth quarter 2009 came in $965.5 million, down 3% from the same period in 2008 and 4% lower than our estimate of $1,005 million.

Sales were below our forecast due to lower-than-anticipated sales of Lexapro which ended the quarter at $549 million, down 5% from the fourth quarter 2008 and below our $585 million forecast. Sales for the fiscal year ending March 31, 2009 came in at $3,923 million, up 2% from 2008.

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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

The U.S. equity markets will be closed on Monday, Jan 19, in observance of Martin Luther King, Jr. Day. The markets will be open on Tuesday, Jan 20, though volume could be light because of the inauguration.

This will be the first busy week of fourth-quarter earnings season, with 149 companies scheduled to report. Large-cap stocks will dominate the news with 53 S&P 500 members releasing results. Dow components will include General Electric Company (GE), International Business Machines (IBM), Johnson & Johnson (JNJ), Microsoft (MSFT) and United Technologies Corporation (UTX).

The economic calendar is very light.

• Wednesday: Weekly crude inventories
• Thursday: December housing starts, December building permits, weekly initial jobless claims

No Fed officials are scheduled to give speeches. The Fed will hold a 2-day meeting starting on Jan 27.

Companies That Could Issue Positive Earnings Surprises

NetScout Systems, Inc. (NTCT) recently raised its fiscal third-quarter guidance. Citing strong demand from wireless carriers and growth in other markets, the company now anticipates having earned between 16 cents and 18 cents per share. Half of the 4 covering analysts raised their forecasts in response, pushing the consensus earnings estimate 5 cents higher to 16 cents per share. The most accurate estimate is far more bullish at 22 cents per share. NTCT has topped expectations for 4 consecutive quarters. NetScout is scheduled to report on Thursday, Jan 22, after the close of trading.

Companies That Could Issue Negative Earnings Surprises

Profit forecasts for Burlington Northern Santa Fe Corporation (BNI) have been falling lately, with 6 brokerage analysts reducing their fourth-quarter projections during the last 30 days. Though the railroad company does have a history of topping expectations, a recent warning from a competitor could end the streak. The consensus earnings estimate calls for fourth-quarter profits of $1.78 per share. The most accurate estimate is more bearish at $1.75 per share. Burlington Northern Santa Fe Corporation is scheduled to report on Wednesday, Jan 21, before the start of trading.

General Electric Company (GE) reaffirmed its fourth-quarter EPS guidance of 50 to 52 cents per share in mid-December. Since that time, 5 brokerage analysts have cut their quarterly projections. The negative revisions caused the consensus earnings estimate to fall to 44 cents per share. The most accurate estimate is more bearish at 42 cents per share. The conglomerate has missed once in the past 3 quarters. General Electric Company is scheduled to report on Friday, Jan 23, before the start of trading.

Charles Rotblut, CFA is the senior market analyst for Zacks.com. He can be reached at crotblut@zacks.com.

Earnings Calendar

Here is a list of companies that we have confirmed will report during the week of Jan 19 - 23¹. Prices are as of Thursday's, Dec 18, market close.

Company	Ticker	Zacks Consensus Estimate	Year Ago Actual	Last Qtr Surprise	Report Date	Report Time	Price
First Defiance	FDEF	$0.30	$0.50	(34.8%)	1/19/2009	AMC	$8.00
Fuller(Hb) Co	FUL	$0.24	$0.53	0.0%	1/19/2009	N/A	$14.19
Logitech Intl	LOGI	$0.44	$0.71	(15.8%)	1/19/2009	AMC	$13.75
Macatawa Bank	MCBC	($0.15)	($0.16)	37.5%	1/19/2009	AMC	$2.50
S&T Bancorp Inc	STBA	$0.57	$0.54	(9.5%)	1/19/2009	BTO	$30.51
Candela Corp	CLZR	($0.17)	($0.13)	(350.0%)	1/20/2009	AMC	$0.48
Capital Bank	CBKN	$0.14	$0.13	(10.0%)	1/20/2009	N/A	$6.50
Commerce Bancsh	CBSH	$0.62	$0.74	(8.5%)	1/20/2009	BTO	$37.82
Cree Inc	CREE	$0.10	$0.08	0.0%	1/20/2009	AMC	$16.98
Csx Corp	CSX	$0.90	$0.85	(2.2%)	1/20/2009	AMC	$30.18
Fastenal	FAST	$0.41	$0.38	4.0%	1/20/2009	BTO	$33.20
Forest Labs A	FRX	$0.76	$0.96	15.9%	1/20/2009	BTO	$26.00
Fulton Finl	FULT	($0.55)	$0.22	(8.7%)	1/20/2009	AMC	$8.05
Hancock Hldg Co	HBHC	$0.57	$0.60	(24.2%)	1/20/2009	AMC	$35.85
Iberiabank Corp	IBKC	$0.72	$0.81	(2.5%)	1/20/2009	AMC	$41.22
Intl Bus Mach	IBM	$3.03	$2.80	0.5%	1/20/2009	AMC	$84.12
Jefferies Gp-Nw	JEF	($2.38)	($0.17)	(216.7%)	1/20/2009	BTO	$12.67
Johnson & Johns	JNJ	$0.92	$0.88	5.4%	1/20/2009	BTO	$57.62
New Oriental Ed	EDU	$0.07	$0.10	7.3%	1/20/2009	BTO	$54.47
Omnova Solution	OMN	$0.09	$0.09	33.3%	1/20/2009	BTO	$0.66
Pacific Contl	PCBK	$0.27	$0.28	(7.4%)	1/20/2009	AMC	$12.32
Packaging Corp	PKG	$0.26	$0.46	(7.3%)	1/20/2009	AMC	$13.37
Parker Hannifin	PH	$0.85	$1.23	7.1%	1/20/2009	BTO	$39.77
Petmed Express	PETS	$0.20	$0.18	25.0%	1/20/2009	BTO	$16.43
Raymond Jas Fin	RJF	$0.35	$0.47	5.4%	1/20/2009	AMC	$16.26
Regions Finl Cp	RF	($0.02)	$0.24	(46.4%)	1/20/2009	BTO	$6.10
State St Corp	STT	$1.16	$1.38	3.3%	1/20/2009	BTO	$38.00
Suncor Energy	SU	$0.39	$0.66	0.0%	1/20/2009	BTO	$21.11
Supertex Inc	SUPX	$0.20	$0.26	6.1%	1/20/2009	AMC	$21.65
Td Ameritrade	AMTD	$0.31	$0.40	(3.3%)	1/20/2009	BTO	$12.63
Tessco Tech Inc	TESS	$0.33	$0.29	N/A	1/20/2009	AMC	$10.35
West Cst Bcp/Or	WCBO	($0.09)	($0.49)	140.0%	1/20/2009	N/A	$4.39
Westell Tech-A	WSTL	($0.05)	($0.04)	22.2%	1/20/2009	AMC	$0.28
Woodward Govnr	WGOV	$0.38	$0.36	0.0%	1/20/2009	AMC	$21.06
Abbott Labs	ABT	$1.06	$0.93	2.6%	1/21/2009	BTO	$49.22
Actions Semicon	ACTS	$0.05	$0.23	(10.0%)	1/21/2009	AMC	$1.40
Adtran Inc	ADTN	$0.28	$0.27	0.0%	1/21/2009	BTO	$14.84
Air Prods & Che	APD	$0.98	$1.16	0.8%	1/21/2009	BTO	$56.07
Allegheny Tech	ATI	$0.89	$1.45	5.1%	1/21/2009	BTO	$25.55
Amdocs Ltd	DOX	$0.50	$0.50	(14.3%)	1/21/2009	AMC	$19.42
Amr Corp	AMR	($0.65)	($0.74)	4.8%	1/21/2009	BTO	$10.98
Blackrock Inc	BLK	$1.13	$2.52	(16.6%)	1/21/2009	BTO	$116.67
Burlngtn Nsf Cp	BNI	$1.78	$1.46	12.4%	1/21/2009	BTO	$63.37
Celadon Group	CLDN	$0.07	$0.08	8.3%	1/21/2009	AMC	$8.10
Charlotte Russe	CHIC	$0.11	$0.56	(93.3%)	1/21/2009	AMC	$4.74
Cnh Global Nv	CNH	$0.69	$0.50	36.3%	1/21/2009	AMC	$14.86
Coach Inc	COH	$0.67	$0.69	0.0%	1/21/2009	BTO	$16.81
F5 Networks Inc	FFIV	$0.26	$0.21	28.6%	1/21/2009	AMC	$23.20
Hudson City Bcp	HCBK	$0.27	$0.16	0.0%	1/21/2009	BTO	$13.16
Igate Corp	IGTE	$0.14	$0.09	15.4%	1/21/2009	BTO	$6.50
Kinder Morg Eng	KMP	$0.54	$0.53	(18.6%)	1/21/2009	AMC	$47.57
Labranche & Co	LAB	$0.17	$0.04	0.0%	1/21/2009	BTO	$5.68
Mcmoran Explor	MMR	($0.32)	$0.31	21.5%	1/21/2009	BTO	$8.79
Mts Systems	MTSC	$0.49	$0.47	26.9%	1/21/2009	AMC	$25.96
Noble Corp	NE	$1.50	$1.35	5.1%	1/21/2009	AMC	$21.44
Northern Trust	NTRS	$0.96	$0.97	(31.8%)	1/21/2009	BTO	$48.28
Nve Corp	NVEC	$0.40	$0.36	17.1%	1/21/2009	AMC	$23.66
Polycom Inc	PLCM	$0.32	$0.28	0.0%	1/21/2009	AMC	$14.02
Popular Inc	BPOP	($0.37)	($0.23)	39.7%	1/21/2009	BTO	$4.89
Precision Castp	PCP	$1.70	$1.73	(1.6%)	1/21/2009	BTO	$54.68
Progressive Cor	PGR	$0.35	$0.34	(412.1%)	1/21/2009	N/A	$13.99
Sanmina-Sci Cp	SANM	$0.01	$0.02	0.0%	1/21/2009	AMC	$0.38
Seagate Tech	STX	($0.03)	$0.76	13.0%	1/21/2009	AMC	$4.33
Somanetics Corp	SMTS	$0.23	$0.19	15.0%	1/21/2009	BTO	$16.31
Ual Corp	UAUA	($4.03)	($0.47)	17.8%	1/21/2009	BTO	$11.14
Us Bancorp	USB	$0.27	$0.66	(37.3%)	1/21/2009	BTO	$19.02
Utd Techs Corp	UTX	$1.23	$1.08	3.0%	1/21/2009	BTO	$49.69
Wipro Ltd-Adr	WIT	$0.14	$0.14	0.0%	1/21/2009	N/A	$7.19
Adv Micro Dev	AMD	($0.53)	($0.17)	132.5%	1/22/2009	AMC	$2.26
Amcore Finl Inc	AMFI	($0.30)	$0.33	(777.8%)	1/22/2009	BTO	$3.35
Amer River Bsh	AMRB	$0.33	$0.36	2.9%	1/22/2009	BTO	$9.90
Amerisourcebrgn	ABC	$0.69	$0.62	4.3%	1/22/2009	BTO	$36.85
Assoc Banc Corp	ASBC	$0.32	$0.55	2.8%	1/22/2009	N/A	$16.12
Au Optroncs-Adr	AUO	($0.53)	$1.24	47.4%	1/22/2009	BTO	$7.20
Avnet	AVT	$0.66	$0.89	(5.6%)	1/22/2009	BTO	$17.91
Avx Corp	AVX	$0.09	$0.22	0.0%	1/22/2009	BTO	$7.71
Bancorpsouth	BXS	$0.31	$0.39	(20.9%)	1/22/2009	AMC	$18.81
Bank Of Ny Mell	BK	$0.68	$0.67	43.6%	1/22/2009	BTO	$23.27
Baxter Intl	BAX	$0.89	$0.76	7.3%	1/22/2009	BTO	$53.56
Bb&T Corp	BBT	$0.53	$0.75	(3.0%)	1/22/2009	BTO	$20.99
Brinker Intl	EAT	$0.19	$0.31	0.0%	1/22/2009	BTO	$9.42
Cabot Microelec	CCMP	$0.06	$0.51	(21.7%)	1/22/2009	BTO	$22.33
Capital One Fin	COF	$0.39	$0.90	6.2%	1/22/2009	AMC	$25.47
Cdn Natl Ry Co	CNI	$0.85	$0.91	6.2%	1/22/2009	AMC	$34.45
Cit Group Inc	CIT	($0.39)	($0.69)	(11.8%)	1/22/2009	BTO	$3.24
City National	CYN	$0.62	$0.96	(11.0%)	1/22/2009	AMC	$37.08
Cobiz Finl Inc	COBZ	$0.16	$0.23	0.0%	1/22/2009	AMC	$7.89
Columbus Mckinn	CMCO	$0.41	$0.53	(11.3%)	1/22/2009	BTO	$13.04
Comerica Inc	CMA	$0.26	$0.77	57.1%	1/22/2009	BTO	$14.60
Commnty Bk Sys	CBU	$0.37	$0.39	0.0%	1/22/2009	AMC	$21.37
Cubist Pharm	CBST	$0.51	$0.16	29.4%	1/22/2009	AMC	$22.66
Cypress Semicon	CY	($0.31)	$0.10	(312.5%)	1/22/2009	BTO	$4.75
Deluxe Corp	DLX	$0.68	$0.77	(6.9%)	1/22/2009	BTO	$13.12
Digi Intl Inc	DGII	$0.03	$0.14	55.6%	1/22/2009	AMC	$7.47
Exelon Corp	EXC	$1.06	$1.02	(6.1%)	1/22/2009	BTO	$53.04
Ezcorp Inc Cl A	EZPW	$0.35	$0.29	0.0%	1/22/2009	AMC	$14.19
Federated Invst	FII	$0.51	$0.52	1.8%	1/22/2009	AMC	$18.26
Fifth Third Bk	FITB	$0.03	$0.07	(119.1%)	1/22/2009	BTO	$5.38
First Comw Finl	FCF	$0.16	$0.16	(22.2%)	1/22/2009	BTO	$10.17
First Finl Hldg	FFCH	$0.42	$0.36	8.0%	1/22/2009	BTO	$18.70
Franklin Resour	BEN	$0.86	$2.12	(12.2%)	1/22/2009	BTO	$52.97
Google Inc-Cl A	GOOG	$4.23	$3.79	3.9%	1/22/2009	AMC	$298.99
Huntington Banc	HBAN	$0.20	($0.65)	27.3%	1/22/2009	BTO	$4.29
Imation Corp	IMN	$0.13	$0.64	0.0%	1/22/2009	BTO	$12.96
Interactive Brk	IBKR	$0.54	$0.46	6.6%	1/22/2009	AMC	$18.08
Intl Game Tech	IGT	$0.27	$0.36	(9.7%)	1/22/2009	BTO	$12.45
Intuitive Surg	ISRG	$1.31	$1.24	13.4%	1/22/2009	AMC	$100.68
Itt Educational	ESI	$1.44	$1.20	11.3%	1/22/2009	BTO	$111.81
Janus Cap Grp	JNS	$0.05	$0.33	(7.7%)	1/22/2009	BTO	$6.74
Kelly Svcs A	KELYA	$0.12	$0.54	(74.1%)	1/22/2009	BTO	$11.92
Keycorp New	KEY	($0.02)	$0.06	(162.5%)	1/22/2009	BTO	$6.22
Knight Cap Gp	NITE	$0.37	$0.50	66.7%	1/22/2009	BTO	$15.85
Lockheed Martin	LMT	$1.89	$1.89	1.0%	1/22/2009	BTO	$79.48
Lsi Industries	LYTS	$0.02	$0.22	200.0%	1/22/2009	BTO	$6.89
M&T Bank Corp	MTB	$1.14	$1.52	(4.7%)	1/22/2009	BTO	$42.59
Matthews Intl-A	MATW	$0.48	$0.50	1.5%	1/22/2009	AMC	$34.55
Memc Elec Matrl	WFR	$0.62	$1.05	(9.8%)	1/22/2009	AMC	$14.11
Meredith Corp	MDP	$0.43	$0.73	2.5%	1/22/2009	BTO	$17.76
Microsoft Corp	MSFT	$0.49	$0.50	2.1%	1/22/2009	AMC	$19.24
Monro Muffler	MNRO	$0.28	$0.27	5.6%	1/22/2009	BTO	$24.14
Netscout Systms	NTCT	$0.16	$0.04	23.5%	1/22/2009	AMC	$13.77
Nokia Cp-Adr A	NOK	$0.39	$0.69	(15.4%)	1/22/2009	BTO	$14.05
Oceanfirst Finl	OCFC	$0.32	$0.26	(11.1%)	1/22/2009	AMC	$14.97
Old Rep Intl	ORI	($0.25)	($0.05)	(25.0%)	1/22/2009	BTO	$11.55
Peoples Utd Fin	PBCT	$0.13	$0.16	0.0%	1/22/2009	AMC	$16.65
Potash Sask	POT	$2.37	$1.16	10.7%	1/22/2009	BTO	$69.86
Sherwin William	SHW	$0.53	$0.88	18.1%	1/22/2009	BTO	$56.34
Smith (Ao) Corp	AOS	$0.24	$0.81	25.0%	1/22/2009	BTO	$31.61
Southwest Air	LUV	$0.07	$0.12	50.0%	1/22/2009	BTO	$8.28
Suntrust Bks	STI	$0.18	$0.02	(22.2%)	1/22/2009	BTO	$20.89
Synaptics Inc	SYNA	$0.50	$0.33	34.5%	1/22/2009	AMC	$20.60
Synovus Finl Cp	SNV	($0.44)	$0.28	(162.5%)	1/22/2009	AMC	$5.66
Taiwan Semi-Adr	TSM	$0.09	$0.20	0.0%	1/22/2009	BTO	$7.37
Tcf Finl Corp	TCB	$0.24	$0.50	(20.0%)	1/22/2009	BTO	$10.61
Technitrol Inc	TNL	$0.09	$0.52	(14.3%)	1/22/2009	AMC	$3.21
Twin Disc	TWIN	$0.25	$0.37	(52.2%)	1/22/2009	N/A	$6.70
Ucbh Hldgs Inc	UCBH	($0.08)	$0.19	(200.0%)	1/22/2009	AMC	$3.83
Union Pac Corp	UNP	$1.28	$0.93	6.2%	1/22/2009	BTO	$41.23
Unitedhealth Gp	UNH	$0.78	$0.92	0.0%	1/22/2009	BTO	$24.89
Valley Natl Bcp	VLY	$0.28	$0.22	(25.0%)	1/22/2009	BTO	$15.87
China Bak Batry	CBAK	$0.01	($0.02)	42.9%	1/23/2009	N/A	$1.68
Dime Comm Bncsh	DCOM	$0.25	$0.17	0.0%	1/23/2009	BTO	$12.45
Gatx Corp	GMT	$0.59	$0.62	35.7%	1/23/2009	BTO	$28.59
Genl Electric	GE	$0.44	$0.68	0.0%	1/23/2009	BTO	$13.77
Harley-Davidson	HOG	$0.58	$0.78	(10.1%)	1/23/2009	BTO	$13.95
Mb Financl Inc	MBFI	$0.27	$0.44	(11.6%)	1/23/2009	BTO	$21.34
Schlumberger Lt	SLB	$1.10	$1.11	2.4%	1/23/2009	BTO	$40.18
Webster Finl Cp	WBS	$0.18	$0.10	(37.0%)	1/23/2009	BTO	$9.80
Xerox Corp	XRX	$0.34	$0.41	0.00%	1/23/2009	BTO	$7.82

BMO = Before The Market Open, AMC = After Market Close

¹Some of the companies listed in the earnings calendar may not be in the Zacks Rank universe.

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Zacks Investment Research

CMA is scheduled to release its 4Q08 financial results on January 22, 2009. Excluding the one-time items, 3Q08 operating earnings came in at $0.52 per diluted share, two pennies short of our estimate.

Credit metrics worsened further during the reported quarter. Though the capital infusion by the Treasury will support the balance sheet, higher loan losses in the coming quarters will continue to impact the results.

Ahead of 4Q08 financial results, we are moderating our FY08 and FY09 estimates. We maintain our Sell recommendation on the shares with a six-month price target of $17.00 per share.
"CMA" Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research