Banco de Chile Sits Atop the Chilean Banking Food Chain
Though narrow-moat Banco de Chile saw a 4.3 year-over-year decrease in net income, the bank continues to outperform our expectations. Credit provisions jumped nearly 90% from last year’s third quarter and were pretty much the only reason the bank saw lower net income during the quarter. Yes, a 90% increase in credit provisions seems incredibly high, but this is almost entirely attributable to a more conservative accounting standard. In addition, this change in credit loss models is a one-time ad...
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.