BOQ's increasingly diversified product and distribution capabilities are core strengths.
No moat-rated Bank of Queensland’s soft fiscal 2016 profit was 2% lower than our forecast and modestly below consensus. Cash profit for year ended 31 August increased just 1% to AUD 360 million compared with our AUD 366 million forecast. Weak outcomes included the soft net interest margin, or NIM, down 4 basis points to 1.94%, an 80-basis point increase in the cost/income ratio to 46.8% (including one-off restructuring costs of AUD 15 million) and a modest decline in the return on equity to 10.3...Bank of Queensland is involved in providing retail banking, leasing finance, and insurance products, to its customers. Co. operates in two segments, Banking and Insurance. The Banking segment is engaged in retail banking, commercial, personal, small business loans, equipment, debtor finance, treasury, savings and transaction accounts. The Insurance segment is engaged in customer credit insurance, life insurance, accidental death insurance, funeral insurance and motor vehicle gap insurance. As of Aug 31 2016, Co. had total assets of $50.85 billion and total deposits of $36.72 billion.
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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