Report
Eric Compton
EUR 101.80 For Business Accounts Only

Several Undervalued Banks Stand to Benefit from 2017 CCAR Results and Capital Return Plans

All 34 banks undergoing the 2017 Comprehensive Capital Analysis and Review, or CCAR, stress test by the Fed received a non-objection to their capital plan. The CCAR test is important, because it reaffirms the resilience of the large U.S. banks to a severe economic downturn and is the constraint on capital returns. At the aggregate level, banks were approved to roughly return as much capital as they were projected to generate between the third quarter of 2017 and second quarter of 2018. We see th...
Underlying
PNC Financial Services Group Inc.

PNC Financial Services Group is a bank holding company. The company has businesses engaged in retail banking, including residential mortgage, corporate and institutional banking and asset management, providing its products and services nationally. The company's segments are: Retail Banking, which provides deposit, lending, brokerage, insurance services, investment management and cash management products and services; Corporate and Institutional Banking, which provides lending, treasury management, and capital markets-related products and services; Asset Management Group, which provides personal wealth management; and BlackRock, which provides a range of investment and technology services.

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
Eric Compton

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