Upgrading the Moat Ratings of JPMorgan and Bank of America; Scale, Scope, and the Future of Banking
After an extensive review of the competitive positioning of the big four U.S. money center banks, we are upgrading the moat ratings of JPMorgan and Bank of America to wide, and maintaining the moat ratings of Wells Fargo and Citigroup at wide and narrow, respectively.ÂWe believe it is appropriate to upgrade some of the moats of the largest U.S. banks. This is based on a stronger, more stable U.S. banking system as well the increasing importance of size and scale in banking. We believe the U.S. ...
Bank of America is a bank and a financial holding company. Through its subsidiaries, the company provides a range of banking, investing, asset management and other financial and risk management products and services. The company's segments include: Consumer Banking, which provides credit, banking and investment products and services; Global Wealth & Investment Management, which provides investment management, brokerage, banking and retirement products; Global Banking, which provides lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services; and Global Markets, which provides sales and trading services and research services.
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.