Report
David Ellis
EUR 98.48 For Business Accounts Only

The multibrand customer-centric strategy supports earnings growth despite moderate credit growth.

Australia’s economic outlook is brighter following the release of better-than-expected fourth-quarter 2016 national accounts. We have long argued recession fears in Australia are overblown and growth in exports, consumption and public sector spending in the quarter underpin a more promising economic outlook. Real GDP growth of 2.4% for 2016 supports modestly positive operating conditions for the major banks. Despite GDP growth remaining below trend, it is in line with our medium-term GDP growth ...
Underlying
Westpac Banking Corp. ADS

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
David Ellis

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