Report
Jim Sinegal
EUR 101.80 For Business Accounts Only

Several Undervalued Banks Stand to Benefit from 2017 CCAR Results and Capital Return Plans

All 34 banks undergoing the 2017 Comprehensive Capital Analysis and Review, or CCAR, stress test by the Fed received a non-objection to their capital plan. The CCAR test is important, because it reaffirms the resilience of the large U.S. banks to a severe economic downturn and is the constraint on capital returns. At the aggregate level, banks were approved to roughly return as much capital as they were projected to generate between the third quarter of 2017 and second quarter of 2018. We see th...
Underlying
American Express Company

American Express is a payments company. The company is engaged in providing credit and charge cards to consumers, small businesses, mid-sized companies and corporations. The company's reportable operating segments are: Global Consumer Services Group, which provides services to consumers, including travel and lifestyle services; Global Commercial Services, which provides payment and expense management services, as weel as commercial financing products; and Global Merchant and Network Services, which operates a global payments network that processes and settles card transactions, acquires merchants and provides multi-channel marketing programs and capabilities, and services and data analytics.

Provider
Morningstar
Morningstar

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.

Analysts
Jim Sinegal

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