No Surprises in Westpac’s 1Q18 Update on Capital, Funding and Asset Quality. AUD 35 FVE Unchanged.
There were no surprises in wide-moat Westpac Banking Corporation’s first-quarter fiscal 2018 update covering capital, funding, and asset quality. The three key operating drivers are in line with our expectations, underpinning our unchanged AUD 35 fair value estimate. Westpac is our preferred major Australian bank, trading 10% below valuation and in a strong position to continue delivering robust profits and dividends on the back of good management, strong market positions, and a resilient econom...
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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