As Expected, Standard Chartered Returns to Profit; Dividend Payments Resumed After Two Years
In line with our profit estimate, Standard Chartered reported full-year 2017 net income of USD 1.2 billion versus a net loss of USD 247 million last year. We will be reviewing our forecasts in consideration of full-year results and will roll our model, which might trigger some changes to our fair value estimate in the range of 5%-10%. However, we will maintain our no-moat rating, along with our negative moat trend, for the time being.Good bottom-line performance was thanks to the operationally ...
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.
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