ABC Delivered Higher Than Peer PPOP Growth in the 3Q
Narrow-moat Agricultural Bank of China's, or ABC's, preprovisioning operating profit PPOP growth continued to lead large peers at 18% over the past three quarters. Third-quarter PPOP growth further accelerated to 21% from the year-ago period, underpinned by its 19.5% growth in fee income, over 250% surge in investment return and significant improvement in operating efficiency. ABC's improving trend in operating efficiency was contrary to most peers which saw difficulties in reducing the cost/inc...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.