With RBS Struggling to Return to Profitability, Its ROE Lags Peers'; FVE Reduced to GBX 265
We are transferring coverage of RBS with a no-moat rating and decreasing our fair value estimate to GBX 265 per share from GBX 275, while maintaining our ADR fair value estimate at $6.50 per ADR.In the short to medium term, RBS must deal with several sector-related issues, as well as a couple of its own: the impact on income due to a lower-for-longer interest-rate environment, and the uncertainty of Brexit. In 2016, while litigation and conduct costs remained high and elevated restructuring cos...
Royal Bank of Scotland Group is a banking and financial services company. Co.'s activities are organized in franchise basis; Personal and Business Banking (PBB) comprising UK PBB and Ulster Bank RoI segment, which serve individuals and small businesses in the U.K. and the Republic of Ireland; Commercial & Private Banking comprising, Commercial Banking and Private Banking segment, which serve commercial, corporate and private banking in the U.K. and Western Europe; RBS International, which serves retail, commercial and financial institution in Jersey, Luxembourg and London; and NatWest Markets, which provides risk management and financing solutions through its trading and sales operations.
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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