Morningstar - Truist Financial Corporation (BBT) Libras Implications for Our Financial Services Coverage: Were Not Worried Just Yet

Report

Morningstar

Eric Compton

EUR 100.00 For Business Accounts Only

Libra's Implications for Our Financial Services Coverage: We're Not Worried Just Yet

Facebook has announced plans for Libra, its new digital currency set to launch in 2020, making it the first major company to attempt to bring cryptocurrency into the retail mainstream. Overall, we are not yet worried about a negative impact on economic moats in financial services.
Libra is a cryptocurrency that will be built using blockchain technology. It will be run by a consortium, with Facebook as the lead until the end of 2019, at which point all members will have equal power. It will start...

20/06/2019 15 EN

Underlying

Truist Financial Corporation

BB&T is a financial holding company. Through its bank subsidiary, Branch Banking and Trust Company, the company provides banking services to individuals, businesses and municipalities. The company provides loans and lease financing, including commercial and residential mortgages; permanent commercial real estate financing arrangements; loan servicing for third-party investors; direct consumer finance loans to individuals; credit card lending; automobile financing; and equipment financing. The company also provides other services, including deposits; discount and brokerage, annuities and mutual funds; life insurance, property and casualty insurance, health insurance and commercial general liability insurance.

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US0549371070 United States

Provider

Morningstar

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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Analysts

Eric Compton

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Libra's Implications for Our Financial Services Coverage: We're Not Worried Just Yet

Synovus Financial Corp - Company Profile and SWOT Analysis

Synovus Financial Corp. - Mergers & Acquisitions (M&A), Partnerships & Alliances

DBRS Morningstar: Federal Reserve Stress Tests Again Highlight CRE Risk

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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