Better-Than-Expected Net Interest Margins and Stronger Loan Growth Propel Hang Seng Bank's Results
Stronger loan growth in the second half, better-than-expected net interest margins, and higher fee income propelled Hang Seng Bank's second-half result ahead of our expectations. Net profit for the full year increased 23% to HKD 20 billion, compared with our forecast of a 16% increase. The bank also benefited from higher trading income and gains from financial instruments, which are more cyclical. Stronger equity markets lifted securities brokerage revenue, while a recovery in retail sales in Ho...
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.