For Immediate Release
Chicago, IL – August 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: Citigroup (C), American Express Co. (AXP), Bank of America (BAC), Discover Financial Services (DFS) and JP Morgan Chase & Co. (JPM).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Thursday’s Analyst Blog:
Citi May Levy Annual Charges
In order to offset potential losses from new legislation signed by President Obama, rising credit card defaults and increasing unemployment, Citigroup (C) is considering charging its credit card customers an annual fee.
In May, the president signed the Credit Card Accountability, Responsibility and Disclosure — Credit CARD Act — of 2009 into law. The legislation will improve consumer disclosures and end some egregious practices in the credit card industry but stops short of capping interest rates and fees. Most of the provisions go into effect from Feb. 22, 2010, unless otherwise stated.
Despite being touted as a victory for consumers, the bill could have unintended consequences as credit card companies look for ways to make up for potential lost revenue.
Credit card companies have been gearing up for the new landscape for months, mailing consumers a spate of warnings about fee and interest rate changes. Citigroup is in the process of informing some cardholders that it will institute an annual fee, about $30, on certain accounts.
American Express Co. (AXP) recently sent out notice that it will eliminate over-the-limit fees on its consumer credit cards in October.
Competitors Bank of America (BAC), Discover Financial Services (DFS) and JP Morgan Chase & Co. (JPM) have yet not decided to levy annual charges on its card holders.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
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.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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
