Earnings Outlook for Mortgage Choice Increasingly Uncertain. FVE Cut 16% to $2.10
No-moat-rated Mortgage Choice is a successful and profitable mortgage broker whose shares are off 30% since the first-half fiscal 2018 result in late February. The interim results were in line with expectations and no changes were made to our earnings forecasts. The share price fall has primarily been driven by negative publicity on the structure of the mortgage broking industry from the Royal Commission into Financial Services as well as recent ASIC and Productivity Commission reviews.The Ro...
Mortgage Choice is engaged in mortgage broking. Co.'s activity includes: the provision of assistance in determining the borrowing capacities; the assessment, at the request of those borrowers, of a range of home loan or other products; and the submission of applications on behalf of prospective borrowers.
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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