Wide Moat Westpac Bank Remains Our Preferred Major Australian Bank. AUD 35 FVE Unchanged.
We retain our positive long-term view and rank wide moat-rated Westpac Bank as our preferred major bank. We like the bank’s track record of discipline around cost controls, risk management, net interest margins and shareholder returns. Westpac Bank continues to focus on productivity improvement and sustainable growth, without the distractions of exiting underperforming legacy assets. Our AUD 35 fair value estimate is unchanged and despite the stock price increasing 15% since recent lows in Novem...
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.
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