Zacks' High Rank Value strategy highlights: Deutsche Bank AG, Eastman Chemical Co., JP Morgan Chase Co. and Portland General Electric Co

Business Wire, May 14, 2007

CHICAGO -- Many value investors look for stocks trading at Price/Earnings multiples below 15 and Price/Book multiples below 3. Combining these valuation measures with a Zacks Rank of #1 ("Strong Buy") or #2 ("Buy") helps to ensure that a stock is truly undervalued. The High Rank Value Profit Track strategy finds such bargains - bargains that generated returns of exceeding the S&P 500 in 2006. Four stocks meeting this strategy's exclusive criteria are Deutsche Bank AG (NYSE: DB), Eastman Chemical Co. (NYSE: EMN), JP Morgan Chase Co. (NYSE: JPM) and Portland General Electric Co. (NYSE: POR). View the entire list of stocks for the High Rank Value Profit Track at http://at.zacks.com/?id=2136.

Here are details about four companies currently identified by the High Rank Value Profit Track:

Deutsche Bank AG (NYSE: DB) released first-quarter earnings of $2.89 billion on May 8, ahead of analysts' forecasts of $2.45 billion. The strong results were led by the firm's investment banking business, which reported a pretax profit increase of 10% to $3 billion. Sales and trading saw revenues rise 16% to $6.94 billion. Deutsche Bank offers a price-to-earnings (P/E) multiple is 10.93 and a price-to-book (P/B) multiple of 2.10.

Eastman Chemical Co. (NYSE: EMN) satisfies the criteria for this Profit Track as evidenced by its price-to-earnings (P/E) multiple of 13.38 and a price-to-book (P/B) multiple of 2.62. On April 26, the company reported first-quarter earnings of $1.19 per share, up from $1.36 in the prior-year period and 17 cents above expectations. Eastman Chemical has exceeded quarterly estimates for five consecutive quarters.

JP Morgan Chase Co. (NYSE: JPM) has a price-to-earnings (P/E) multiple is 12.84 and its price-to-book (P/B) multiple is 1.56. On Apr 18, JPM reported first-quarter earnings of $1.23 per share, up from 88 cents in the prior-year quarter and 23 cents above expectations. After the release, analysts increased full-year earnings estimates by 36 cents to $4.46, the third increase in three months.

Portland General Electric Co. (NYSE: POR) reported first-quarter earnings of 88 cents per share, up from 24 cents in the year-ago period and 33 cents above expectations. Higher retail energy deliveries and resumed activity at the Boardman Power Plant drove revenues to $436 million, up 14.4% from last year. Portland General Electric has a price-to-earnings (P/E) multiple of 14.17, while its price-to-book (P/B) multiple stands at 1.53.

Discover all the current stocks currently on the High Rank Value Profit Track at: http://at.zacks.com/?id=2137.

About Profit Tracks

What is a "Profit Track"? Each Profit Track is a successful stock picking strategy with proven results through the Bear Market of 2001-2002 and the Bull run started in 2003. On Zacks.com we have created these nine unique screens to offer investors great strategies to potentially outperform the market in the years ahead. During 2006, the Low Price Stocks strategy was the top performing Profit Track with a return of 56.5% followed by the Discounted Fundamental screen with a 34% return. To see all nine strategies along with philosophy, past performance and current stocks, go to http://at.zacks.com/?id=1838

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