Westpac’s Strong Asset Quality Stabilises. No Change to AUD 35 FVE
No surprises in wide moat-rated Westpac Banking Corporation’s first-quarter fiscal 2017 balance sheet update with capital, funding, liquidity, and asset quality metrics all tracking in line with expectations. The bank does not release quarterly profit updates and following the balance sheet update, our AUD 8.2 billion fiscal 2017 cash profit forecast is unchanged and broadly in line with market estimates. Westpac Bank is scheduled to release first-half fiscal 2017 results on May 8, 2017.We reta...
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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