We see good prospects for improvements in earnings, operational efficiency, and return on equity.
No-moat CYBG Plc, or Clydesdale’s, first-half fiscal 2017 underlying profit after tax of GBP 79 million was broadly in line with expectations with no change to our positive long-term outlook for the U.K. regional bank. The 15% year-on-year increase in pretax underlying profit impressed; however, uncertainty around future increases in legacy payment protection insurance conduct provisions detracted. Clydesdale is on track to meet our 6% per year average increase in EPS forecast to fiscal 2021. Th...
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.
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