China Minsheng Banking's 1Q Remained Weaker than Peers
As expected, no-moat China Minsheng Bank Corp's, or CMBC's, first-quarter results remained weaker than peers. The 5.2% net profit growth was in line with the average of listed Chinese banks, but growth in net interest income and fee income underperformed again. Both remained in negative territory, indicating rising difficulties faced due to its heavy reliance on more expensive interbank funding and shadow bank investment. First-quarter net profits contributed to about 28% of our full-year foreca...
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.