Report
David Ellis
EUR 147.86 For Business Accounts Only

We see good prospects for improvements in earnings, operational efficiency, and return on equity.

CYBG Plc, or Clydesdale’s upbeat presentation at its inaugural investor day in London included upgraded guidance and a positive view of the bank’s prospects despite challenges in the U.K. economy. We liked the detail on strategy and updated short- and medium-term earnings targets. Going forward, the focus is on productivity improvements and increasing profitability and less on growth. Clydesdale now expects to deliver double-digit returns on tangible equity, or ROTE, by the end of fiscal 2019 on...
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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