Sun Life Reports Full-Year Underlying Results Within Targets
Nothing in no-moat Sun Life Financial's fourth-quarter or full-year results materially alters our long-term view of the company. Sun Life's fourth-quarter reported return on equity dipped to 4.1%, but this was largely an anticipated byproduct of U.S. tax reform, a market-related impact from interest rate changes, and a restructuring charge of CAD 44 million. Underlying ROE for the year (and the fourth quarter) rose 50 basis points to 12.7%, with underlying net income for the year rising 9%; both...
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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