Report
David Ellis
EUR 100.00 For Business Accounts Only

CYBG 3Q18 Trading Update in Line with Expectations. GBP 3.10 FVE Retained

No major surprises in no-moat-rated CYBG Plc, or CYBG's, brief third-quarter fiscal 2018 trading update. Business outcomes are tracking to plan, albeit mortgage volumes are a little soft. Third-quarter earnings were unspecified and our fiscal 2018 earnings forecasts are unchanged. Fiscal 2018 guidance was maintained for net interest margins, or NIMs, around 2.2%, underlying costs of less than GBP 640 million, loan growth at the bottom end of the mid-single-digit percentage range and loan/deposit...
Underlying
Virgin Money UK

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
David Ellis

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