Morgan Keegan's Focus List Tops Zacks’ Rankings Again
February 01 2011 - 9:52AM
Business Wire
For the fifth consecutive time, the Focus List of Morgan Keegan
& Company, Inc., had the highest five-year returns among the
recommended stock lists of 12 leading national and regional
brokerage firms with a 33.45% return for the five years ended
December 31, 2010, according to Zacks Investment Research, Inc.
Zacks ranks the recommended stock lists of the nation’s leading
brokerages every six months, and Morgan Keegan’s Focus List of
recommended stocks has been ranked #1 in the five-year category
since late 2008.
In an article published January 29, 2011, in Barron's titled
“Market Beaters,” Zacks reported the 33.45% return posted by Morgan
Keegan's Focus List substantially outperformed the recommended
lists of Goldman Sachs, Edward Jones, Raymond James and Wells
Fargo, as well as the Standard & Poor's 500 Composite’s 2.29%
gain for the five-year period.
In addition, Morgan Keegan ranked second in the three-year
category with a 12.77% return versus a -2.86% loss for the S&P
500. The firm’s 19.95% gain in the one-year category ranked fifth
among the brokerages and compared to a 15.06% gain for the S&P
500. Morgan Keegan’s Focus List performance ranked seventh with a
24.72% for the second half of 2010, compared to a 23.27% return for
the S&P 500. According to Zacks Investment Research, Morgan
Keegan’s Focus List posted a 97.01% return since Zacks began
tracking Morgan Keegan’s Focus List performance at the beginning of
2004.
“Our Focus List’s performance over the last five years benefited
from the consistency of our approach, which has not changed since
our Focus List was first created in 1988,” said Elkan Scheidt,
chairman of Morgan Keegan’s Focus Group and director of the firm’s
equity research department. “Morgan Keegan’s Focus Group puts in a
tremendous amount of time and effort to identify those sectors and
stocks that make up our Focus List. Our ongoing success exemplifies
the quality of our equity research analysts and their dedication to
the long-term investment needs of our clients.”
In 1988, Morgan Keegan created the Focus Group to make the
firm's equity research more accessible for the individual investor
through the firm’s Focus List of recommended stocks. The Focus
Group includes representatives from the firm’s equity research
department, equity strategy group, equity institutional sales
department and private client group. To create the Focus List, the
Group selects stocks that they believe have the best potential from
the firm's coverage universe.
About Zacks Investment Research, Inc.
Zacks Investment Research, Inc., an independent research source
for Barron's, tracks the stock recommendations of 12 major
brokerage firms. The Zacks survey is intended to give investors an
indication of how their portfolio would perform if investment
professionals selected their stocks. Calculations for the survey
take into account gains or losses, dividends and theoretical
commissions of 1% on each trade. If a Barron’s survey participant
informs Zacks of a change to the focus list before 12:00 noon CT,
the change is effective on the same day, otherwise it is accounted
for on the next day. The prices used are the official exchange
closing prices. Monthly returns are then linked geometrically to
produce quarterly and annual total return performance figures.
Zacks calculates the time-weighted monthly performance of focus
lists on an equal-weighted basis.
About Morgan Keegan & Company Inc.
Morgan Keegan & Company Inc., one of the nation’s largest
regional full-service brokerage and investment banking firms, is
the securities brokerage arm of Regions Financial Corporation
(NYSE: RF). Headquartered in Memphis, Tenn., Morgan Keegan serves
individual and institutional investors in over 300 offices in 19
states. Additional information about Morgan Keegan can be found
here.
About Regions
Regions Financial Corporation, with $132 billion in assets, is a
member of the S&P 100 Index and one of the nation's largest
full-service providers of consumer and commercial banking, trust,
securities brokerage, mortgage and insurance products and services.
Regions serves customers in 16 states across the South, Midwest and
Texas, and through its subsidiary, Regions Bank, operates
approximately 1,800 banking offices and 2,200 ATMs. Additional
information about Regions and its full line of products and
services can be found here.
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