Report
Colin Plunkett

Tougher CCAR Test Than Last Year, Overall, No Serious Restrictions For Our Coverage Universe

Given the tougher tests this year, and our early read on DFAST results, we were not surprised that several banks ran into issues for the 2018 Comprehensive Capital Analysis and Review, or CCAR, stress test. Of the 35 banks undergoing CCAR, 31 firms received outright nonobjections. Goldman Sachs, Morgan Stanley, and State Street received conditional nonobjections, while DB USA Corporation (one of the foreign banks participating for the first time) received an objection on qualitative grounds. We ...
Underlying
Zions Bancorporation N.A.

Zions is a commercial bank. The company provides a range of banking and related services, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company provides community banking services through its main business lines of small and medium-sized business and corporate banking; commercial and residential development, construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; capital markets activities, including municipal finance advisory and underwriting; and investment activities.

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
Colin Plunkett

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