Report
Iris Tan
EUR 100.00 For Business Accounts Only

China Minsheng Banking's Core Earning Growth Remained Weaker Than Peers in the Third Quarter

No-moat China Minsheng Bank Corp's third-quarter results were largely in line with our expectations, with total revenue and net profits improving 8.9% and 6.1% from the year-ago period, versus the 6.7% and 5.4% respective growth rates in the first half. Net profit growth was in line with peers, but core earnings growth including fee income and net interest income continued to underperform. Third-quarter net interest income declined 8.7% while fee income grew 1.2% from the year-ago period, indica...
Underlying
China Minsheng Banking Corp. Ltd. Class H

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
Iris Tan

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