For Immediate Release

Chicago, IL - May 26, 2009 - Zacks Equity Research highlights Weatherford (WFT) as the Bull of the Day and California Pizza Kitchen (CPKI) the Bear of the Day. In addition, Zacks Equity Research provides analysis on BankUnited Financial Corporation (BKUNA), Bank of America (BAC) and Citigroup (C).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all five stocks:

Bull of the Day:

Weatherford (WFT) shares have outperformed both the peer group as well as the S&P 500 in the year-to-date period. This reflects the company's strong and growing international footprint, where its integrated project management expertise positions it to capture significant market share going forward.

We believe that Weatherford can navigate the current downturn, aided by a positive outlook for its

...

For Immediate Release

Chicago, IL - May 26, 2009 - Zacks Equity Research highlights Weatherford (WFT) as the Bull of the Day and California Pizza Kitchen (CPKI) the Bear of the Day. In addition, Zacks Equity Research provides analysis on BankUnited Financial Corporation (BKUNA), Bank of America (BAC) and Citigroup (C).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all five stocks:

Bull of the Day:

Weatherford (WFT) shares have outperformed both the peer group as well as the S&P 500 in the year-to-date period. This reflects the company's strong and growing international footprint, where its integrated project management expertise positions it to capture significant market share going forward.

We believe that Weatherford can navigate the current downturn, aided by a positive outlook for its

...

We highlight Bank of America Corp. (BAC), Citigroup, Inc. (C) and Wells Fargo & Co. (WFC).FDIC's new insurance coverage extended through 2013On May 20, 2009, President Obama signed a bill that increases the FDIC's borrowing authority for its bank deposit insurance to $500 billion until the end of 2010. The legislation also increases the agency's permanent borrowing authority from the Treasury to $100 billion from $30 billion and extended the agency's new deposit-insurance limit of $250,000 through 2013.Earlier in October 2008, the Emergency Economic Stabilization Act had temporarily raised the limit on federal deposit insurance coverage from $100,000 to $250,000 per depositor, which was effective through December 31, 2009.In all, 34 banks have failed this year, significantly higher from 25 in 2008 and just three in 2007. As the economy continues to worsen (though at a decelerating pace now) ...

“We’ve averted” the risk of a depression, Federal Reserve Chairman Ben Bernanke said this week. “Now the problem is to get the thing working properly again.”

Appearing on CBS network’s 60 Minutes, Bernanke told correspondent Scott Pelley that concerted efforts by the government likely averted a depression similar to the 1930s. He also stated the nation’s largest banks are solvent and that he doesn’t expect any of them to fail; and that the U.S. recession will come to an end “probably this year.”

Is this finally the light at the end of the tunnel for the U.S. economy?

We don’t want to appear as perpetual gloom-and-doomers, but fact is, when Bernanke tries to predict the future, he’s usually wrong.

Prediction: The subprime mess is grave but largely contained, Bernanke reassured the Federal Reserve Bank of Chicago in a speech on March 15, 2007.

While rising delinquencies and foreclosures will continue to weigh heavily on the

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Mid-East Violence Drives Crude Higher; IndyMac to be Sold by Year’s end; Retailers in for Tough Start to 2009; Six-month Treasury Rate Hits Record Low; Commercial Banks Report $6 Billion in 3Q Revenue

Crude prices rose back above $40 a barrel yesterday (Monday), as Israel and Palestinian forces exchanged fire and casualties mounted in the region. Light, sweet crude for February delivery rose $2.31 cents to settle at $40.02 a barrel on the New York Mercantile Exchange. A group of investment firms that includes J.C. Flowers & Co., Dune Capital Management, and Paulson & Co., is set to purchase IndyMac Bank, one of the nation’s largest failed banks, from the Federal Deposit Insurance Corp. (FDIC) according to CNNMoney. Neither the FDIC nor any of ...

Good day... And a Terrific Tuesday to you! Well... Folks... The wheels, what was left of them, are really coming off this economy. It's a sad sight to see, but it's happening nonetheless, and there's no bailout, stimulus check, mortgage bill, truck loads of money supply, or whatever, that's going to stop this recession bus.. Memo to Paulson and Bernanke... Don't throw yourself under this recession bus...

Late Friday afternoon (July 11th) federal regulators swooped in on California-based IndyMac Bank and closed its doors. With $32 billion in assets, it is according to The Los Angeles Times the second largest bank failure in US history. IndyMac will re-open its doors on Monday morning as a ward of the FDIC.Continue reading

If you're worried about the IndyMac Bank failure on Friday — America's third largest in history — brace yourself. This crisis is about to get uglier. And in this double-length issue, I'm not going to pull any punches. General Motors is now nearer to bankruptcy than at any time since it nearly failed in 1920. Its bonds are junk. Its sales are in shambles. Its management is in denial — quick to issue statements to stem investor fears, but slow to make decisions to avert financial disaster. Even Wall Street, which typically sees the world through rose-colored glasses, estimates GM has a 75% chance of going broke within the next five years, based on the actual trading of specialized insurance contracts called credit default swaps. That's 3-to-1 odds ...

LOS ANGELES - IndyMac Bank’s assets were seized by federal regulators on Friday after the mortgage lender succumbed to the pressures of tighter credit, tumbling home prices and rising foreclosures. The bank is the largest regulated thrift to fail and the second largest financial institution to close in U.S. history, regulators said. The Office of Thrift Supervision said it transferred IndyMac’s operations to the Federal Deposit Insurance Corporation because it did not think the lender could meet its depositors’ demands. IndyMac customers with funds in the bank were limited to taking out money via automated teller machines over the weekend, debit card transactions or checks, regulators said. Other bank services, such as online banking and phone banking were scheduled to be made available on Monday. “This institution failed today due to a liquidity crisis,” OTS Director John Reich said. The lender’s failure came the same day that financial markets plunged when investors tried ...