Report
John Likos
EUR 101.80 For Business Accounts Only

BOQ's increasingly diversified product and distribution capabilities are core strengths.

We like no-moat Bank of Queensland’s increasingly diversified business and distribution mix complementing the bank’s core strengths in consumer and SME banking. There was plenty to like in fiscal 2017 with net interest margins, or NIMs, and loan growth recovering, bad debt expenses declining, and operating expense growth in line with guidance of 1%. Fiscal 2017 underlying cash profit of AUD 362 million was marginally higher than a year ago and in line with our AUD 361 million forecast, excluding...
Provider
Morningstar
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.

Analysts
John Likos

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