For Immediate Release

Chicago, IL - May 7, 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: Bank of America (BAC), Citigroup (C), Microsemi Corp. (MSCC), Foster Wheeler AG (FWLT) and Web.com (WWWW).

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Here are highlights from Wednesday's Analyst Blog:

Bank of America: Rumors & Denials

Over the past several days there have been many rumors and "leaked reports" on the need of additional capital by all the banks "stress tested" by the regulators -- and by Bank of America (BAC) and Citigroup (

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Highlights include Bank of America Corp. (BAC), Citigroup Inc. (C), Wells Fargo & Co. (WFC), SunTrust Banks, inc. (STI) and Regions Financial Corp. (RF).Over the past several days there have been many rumors and "leaked reports" on the need of additional capital by all the banks "stress tested" by the regulators -- and by Bank of America (BAC) and Citigroup (C) in particular. This morning, many newspapers have reported that the capital shortfall for Bank of America is $35 billion.The report appears to be true, given that The New York Times has quoted bank's chief administrative officer. It also appears that the bank is planning to convert the TARP preferred shares to common equity.While the amount of shortfall is not shocking, the fact that the bank had recently been denying that it needs additional capital certainly is ...