While litigation and restructuring costs remain a downside, RBS has a better risk profile.
RBS posted full-year annual net income of GBP 752 million versus a GBP 7 billion net loss in 2016. While lower than we were expecting, net income was higher than the consensus loss estimate. While operationally somewhat better than last year, significantly lower litigation and conduct cost and lower restructuring costs helped RBS to return the bank to profit. Although it is rather slower than peers, it seems RBS management has found a good path to resolve outstanding issues and to operationally ...
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.
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