BOCOM Posted Strong Rebound in Fee Income and Net Interest Income Growth in 3Q
No-moat Bank of Communications, or Bocom, posted a solid third-quarter results, highlighted an accelerating growth in total revenue. Third-quarter total revenue and net profits growth picked up to 21% and 7.1%, respectively, versus a 1.8% decline and 4.6% growth in the revenue and net profits in the first half. The strong rebound was primarily driven by robust year-on-year growth in net interest income (at 9.3%) and investment income (at 118%), while fee income remained relatively steady, contra...
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.
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