While Barclays has made good progress in restructuring, litigation and conduct cost risk remains.
No-moat Barclays reported a net loss of GBP 1.9 billion in 2017 compared with a GBP 1.6 billion profit in 2016, above our and consensus' expectation. The full-year loss was due to the large U.S. deferred tax charge the bank booked during the fourth quarter. While the bottom line missed expectations, Barclays also put out a weak operational performance, in our opinion, with total revenue declining 2% year over year, driven by shrinking net interest income.On a positive note, strong capital allo...
Barclays is a holding company. Through its subsidiaries, Co. is a financial services provider engaged in retail banking, credit cards, wholesale banking, investment banking, wealth management and investment management services. Co.'s business segments are: Barclays U.K, which provides everyday products and services to retail customers and small to medium sized enterprises; Barclays International, which delivers products and services designed for Co.'s corporate, wholesale and international banking clients; and Head Office, which comprises head office and central support functions (including treasury) and businesses in transition.
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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