Many Positive Trends Within the Banking Industry, but Compelling Valuations Are Tough to Find
Many of the U.S. banks we cover presented at the Barclays Global Financial Services Conference over the past three days, giving updated takes on guidance and views on the industry and the U.S. economy. Overall, not much changed, with only slight adjustments to guidance levels. Despite many positive industry trends, we don’t see many compelling valuations within the U.S. banking sector. Best idea Wells Fargo is the main standout, trading at a 23% discount to our fair value estimate, while many of...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.
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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