Zacks Analyst Blog Highlights: JPMorgan Chase, U.S. Bancorp, Zions Bancorp, BB&T Corporation and Regions Financial

CHICAGO--(BUSINESS WIRE)--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: JPMorgan Chase (NYSE: JPM), U.S. Bancorp (NYSE: USB), Zions Bancorp (Nasdaq: ZION), BB&T Corporation (NYSE: BBT) and Regions Financial (NYSE: RF).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579

Here are highlights from Monday’s Analyst Blog:

7 Chicago-Area Banks Fail

The seven failed banks together would cost the FDIC's Deposit Insurance Fund about $973.9 million.

Amcore Bank is expected to cost the deposit insurance fund about $220.3 million, Broadway Bank will cost about $394.3 million, Citizens Bank & Trust Company will cost about $20.9 million, New Century Bank will cost about $125.3 million, Lincoln Park Savings Bank will cost about $48.4 million, Peotone Bank and Trust Company will cost about $31.7 million and Wheatland Bank will cost about $133.0 million.

MB Financial Bank will acquire the deposits of both Broadway Bank and New Century Bank.

Republic Bank of Chicago will assume the deposits of Citizens Bank & Trust Company.

Chicago-based Harris National Association will acquire Amcore Bank's deposits.

Northbrook Bank and Trust Company will assume the deposits of Lincoln Park Savings Bank.

Itasca-based First Midwest Bank will acquire Peotone Bank and Trust's deposits and Wheaton-based Wheaton Bank & Trust will acquire the deposits of Wheatland Bank.

In the fourth quarter of 2009, the number of banks on the FDIC's list of problem institutions grew to 702 from 552 in the third quarter. This is the highest since the savings and loan crisis in the early 1990's. Increasing loan losses on commercial real estate are expected to cause hundreds more bank failures in the next few years. The FDIC anticipates bank failures to cost about $100 billion over the next three years. The failure of Washington Mutual in 2008 was the largest in U.S. banking history. It was acquired by JPMorgan Chase (NYSE: JPM). Other major acquirers of failed institutions since 2008 include U.S. Bancorp (NYSE: USB), Zions Bancorp (Nasdaq: ZION), BB&T Corporation (NYSE: BBT) and Regions Financial (NYSE: RF). We expect loan losses on the commercial real estate portfolio to remain high for banks that hold large amounts of high-risk loans.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5514.

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=5516

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.

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.